On September 23, 2021, based upon the recommendation of the Nominating and Corporate Governance Committee of the Board of Directors (the “Board”) of Flywire Corporation (“Flywire”), the Board appointed Yvonne Hao as a Class I director, with her initial term expiring at Flywire’s 2022 annual meeting of stockholders. In addition, effective as of September 23, 2021, the Board appointed Ms. Hao to serve as a member of the Compensation Committee of the Board (the “Compensation Committee”). Alex Finkelstein resigned as a member of the Compensation Committee in connection with Ms. Hao’s appointment. The Board has determined that Ms. Hao is an independent director.
Flywire Corporation is a global payments enablement and software company. The Company's payments platform, global payment network and vertical-specific software help its clients get paid and help their customers pay. The Company uses its vertical-specific software and payments technology to retail and e-commerce industries including education, healthcare, travel, and business-to-business (B2B) payments. Its customers integrate its platform into their existing apps and workflows once and have access to a full suite of solutions, including tailored invoicing, settlement, and reconciliation tools, single sign-on and checkout, recurring payments, and split payouts. The Company's platform automates and manages the process from initial invoice delivery through payment settlement and core system reconciliation. The Company serves more than 2,800 institutions. In healthcare, it serves more than 90 healthcare systems.