Former PayPal senior finance executive brings decades of experience and leadership across global payments, pricing, treasury, finance and investor relations
Boston, MA, USA – February 22, 2024: Flywire Corporation (Nasdaq: FLYW) (Flywire), a global payments enablement and software company, today is announcing Cosmin Pitigoi will join the Company as Chief Financial Officer, beginning March 4, 2024. Pitigoi will report to Flywire CEO Mike Massaro and will oversee Flywire’s accounting, financial planning and analysis, financial reporting, investor relations, internal audit, SEC reporting, tax, credit and risk and treasury functions.
“Given Flywire’s continued growth, we looked for a financial leader who could help us scale financial operations, optimize costs and improve our global footprint,” said Mike Massaro, CEO of Flywire. “Cosmin brings decades of senior financial leadership and a proven track record in scaling organizations in complex global environments. He is the ideal CFO to help us achieve the next level of scale and solidify our position as a leader in global payments.”
Pitigoi joins Flywire during a period of rapid growth as it continues to deliver on its mission to solve the most important and complex payments for its more than 3,700 clients across the Education, Healthcare, Travel and B2B industries. Prior to Flywire, Pitigoi spent twenty years in finance leadership roles at PayPal and eBay, where he was most recently SVP in PayPal finance, leading a global cross-functional team across FP&A, operational finance and pricing, along with serving on the board of directors at Paidy and the audit committee chair of the PayPal Giving Fund. While at eBay, Pitigoi held leadership roles across investor relations, business unit FP&A and treasury, and began his career in operational and finance roles at E*Trade and Barclays. He holds a B.Comm. from Stellenbosch University in South Africa and an M.B.A. from Santa Clara University.
“I am excited to help lead Flywire through the next phase of growth and to continue to deliver value for our stakeholders, including our clients, payers, partners, FlyMates and shareholders,” said Cosmin Pitigoi. “Flywire brings a powerful combination of payments and software to large vertical industries, and it has significant growth potential. I am thrilled about the opportunity to leverage my knowledge of the payments landscape and experience scaling global finance organizations to help propel Flywire’s future success.”
Flywire’s current CFO Mike Ellis will remain as a senior advisor to support a smooth transition.
Massaro continued: “We are grateful to Mike Ellis for his many contributions to Flywire over the past nine years, including establishing many of our finance functions, taking the company public, and managing many strategic acquisitions. We appreciate the seamless CFO transition that he is enabling.”
About Flywire
Flywire is a global payments enablement and software company. We combine our proprietary global payments network, next-gen payments platform and vertical-specific software to deliver the most important and complex payments for our clients and their customers.
Flywire leverages its vertical-specific software and payments technology to deeply embed within the existing A/R workflows for its clients across the education, healthcare and travel vertical markets, as well as in key B2B industries. Flywire also integrates with leading ERP systems, such as NetSuite, so organizations can optimize the payment experience for their customers while eliminating operational challenges.
