Subsequent Events	6 Months Ended
Jun. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	Note 16. Subsequent Events Share Repurchase Program On August 6, 2024, the Company announced a share repurchase program of up to $150 million of outstanding voting and non-voting common stock for an indefinite period as part of the Company’s capital deployment strategy (Repurchase Program). Repurchases under the Repurchase Program may be made from time to time through open market purchases, in privately negotiated transactions or by other means, including through the use of trading plans intended to qualify under Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, in accordance with applicable securities laws and other restrictions, including Rule 10b-18. The timing, value and number of shares repurchased will be determined by the Company in its discretion and will be based on various factors, including an evaluation of current and future capital needs, current and forecasted cash flows, the Company’s capital structure, cost of capital and prevailing stock prices, general market and economic conditions, applicable legal requirements, and compliance with covenants in the Company’s credit facility that may limit share repurchases based on defined leverage ratios. The Repurchase Program does not obligate the Company to purchase a specific number of, or any, shares and may be modified, suspended or terminated at any time without notice at the Company’s discretion. Invoiced Inc. Acquisition On August 2, 2024, Flywire acquired all of the issued and outstanding shares of Invoiced Inc. (Invoiced), a U.S.-based SaaS company for an estimated total aggregate purchase price of approximately $55.0 million, consisting of approximately $47.5 million in cash and up to approximately $7.5 million in contingent consideration. Purchase consideration is also subject to certain adjustments as specified in the acquisition agreement, including a net working capital adjustment. The estimated total aggregate purchase price of approximately $55.0 million is subject to change based on the fair value of $7.5 million of contingent consideration that will be assessed in purchase accounting. The contingent consideration represents additional payments that Flywire may be required to make in the future dependent on the successful achievement of certain client acquisition, revenue and engineering implementation milestones. Invoiced provides accounts receivable software that automates all aspects of billing, collections, payments, reporting and forecasting within a single online platform. The acquisition of Invoiced is intended to accelerate the Company's global expansion in its B2B vertical. The Company is currently in the process of finalizing the accounting for this transaction and expects to complete its preliminary allocation of the purchase consideration to the assets and liabilities assumed by the end of the third quarter of 2024.

Subsequent Events

6 Months Ended

Jun. 30, 2024

Note 16. Subsequent Events

Share Repurchase Program

On August 6, 2024, the Company announced a share repurchase program of up to $150 million of outstanding voting and non-voting common stock for an indefinite period as part of the Company’s capital deployment strategy (Repurchase Program).

Repurchases under the Repurchase Program may be made from time to time through open market purchases, in privately negotiated transactions or by other means, including through the use of trading plans intended to qualify under Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, in accordance with applicable securities laws and other restrictions, including Rule 10b-18. The timing, value and number of shares repurchased will be determined by the Company in its discretion and will be based on various factors, including an evaluation of current and future capital needs, current and forecasted cash flows, the Company’s capital structure, cost of capital and prevailing stock prices, general market and economic conditions, applicable legal requirements, and compliance with covenants in the Company’s credit facility that may limit share repurchases based on defined leverage ratios. The Repurchase Program does not obligate the Company to purchase a specific number of, or any, shares and may be modified, suspended or terminated at any time without notice at the Company’s discretion.

Invoiced Inc. Acquisition

On August 2, 2024, Flywire acquired all of the issued and outstanding shares of Invoiced Inc. (Invoiced), a U.S.-based SaaS company for an estimated total aggregate purchase price of approximately $55.0 million, consisting of approximately $47.5 million in cash and up to approximately $7.5 million in contingent consideration. Purchase consideration is also subject to certain adjustments as specified in the acquisition agreement, including a net working capital adjustment. The estimated total aggregate purchase price of approximately $55.0 million is subject to change based on the fair value of $7.5 million of contingent consideration that will be assessed in purchase accounting. The contingent consideration represents additional payments that Flywire may be required to make in the future dependent on the successful achievement of certain client acquisition, revenue and engineering implementation milestones.

Invoiced provides accounts receivable software that automates all aspects of billing, collections, payments, reporting and forecasting within a single online platform. The acquisition of Invoiced is intended to accelerate the Company's global expansion in its B2B vertical.

The Company is currently in the process of finalizing the accounting for this transaction and expects to complete its preliminary allocation of the purchase consideration to the assets and liabilities assumed by the end of the third quarter of 2024.