Flywire | July 14, 2022
Today, Flywire Corporation , a global payments enablement and software company, announced that it has completed the acquisition of Cohort Go, an international education payments provider that brings additional students, agents and essential student services to Flywire. The acquisition will build on Flywire’s existing education business to accelerate the growth of its agent focus and team, deepen its commitment to product and payment innovation, and further invest in Asia-Pacific (APAC), a key geographic focus for Flywire.
Cohort Go’s core focus is on providing international students with the ability to make cross-border tuition payments through international agents. Cohort Go’s agent platform is expected to bolster Flywire’s existing agent solutions to deliver even greater value to educational institutions, agents, and students. Additionally, with partner relationships in almost 40 geographies, Cohort Go’s global footprint and penetration in APAC and Latin America also present new growth and expansion opportunities for Flywire.
“Recruiting agencies play a critical role in the international student journey by assisting students in finding placements in higher educational and other institutions. “Cohort Go has been prominent in this space, with a network of over 1,000 agent partnerships, including some of the most prestigious student recruitment agencies in the world.”
Mike Massaro, CEO of Flywire
Massaro continued: “As we continue to invest in our Flywire Advantage – the combination of our next-gen payments platform, proprietary global payment network and industry-specific software – we seek opportunities to embed deeper into the workflows of our clients, agents and payers, with the goal of driving more value for them. Cohort Go’s successful agent platform, global footprint and adjacent services complement our existing capabilities and will help us power the higher education ecosystem into the future.”
Growth in international student recruitment indicates strong secular trend
Recent research suggests that the international education industry is poised for significant growth. According to new data from the market intelligence firm HolonIQ, 8 million international students will be enrolled with foreign higher education institutions by 2030 – 3 million more than were abroad in 2019 – and that their total spending will amount to more than double what it was before the pandemic.
As the demand for higher education accelerates, education agents are expected to play a critical role in international recruitment. Estimates from the international education consultancy, ICEF, suggest that more than 1 million students are placed through agents around the world, and rising. According to a 2021 report from the American International Recruitment Council and the National Association for College Admission Counseling, nearly half (49%) of U.S. colleges who responded were partnered with education agents, which is up from 36% of U.S. in 2017-2018. Agent growth is also on the rise in other popular higher education destination markets like Canada, whose international student population has grown sixfold over the past two decades.
Cohort Go was founded in 2012 by industry experts Mark Fletcher and Paul Jones, who combined their respective expertise in banking and commercial software to enable students to pay for their international education using their local currency, saving on fees and transfer rates. Grounded in their aligned vision to deliver value to the broader education ecosystems, the founders continually sought ways to work with education agents, institutions and students alike, and evolved their single solution into an online platform that offers a tailored experience, with capabilities to reduce costs, increase choice and improve productivity.
Today, Cohort Go partners with more than 1,000 agents globally. Students from more than 180 countries have leveraged Cohort Go, which services more than 60 currencies with local specialists all over the world. The integration of Cohort Go into Flywire’s existing agent platform will enable Flywire to provide even more value to agents, payers, and educational institutions.
Combination of software and payments powers future vertical ecosystems
Cohort Go’s strong regional focus in APAC, global agent relationships, and its existing payment infrastructure will help Flywire bolster its global payment network. Cohort Go’s relationships with payment partners all over the world will add to Flywire’s network of partners, further supporting Flywire’s clients and payers across all vertical industries.
Additionally, the acquisition of Cohort Go also enhances Flywire’s ability to accelerate Flywire’s roadmap to enable a broader suite of financial services targeted to international students and other payers. Already, Cohort Go is improving the way students pay for and save on health insurance, which augments Flywire’s focus on adding more value through its payer services.
“Working with our clients on delivering high-stakes, high-value tuition payments, we’ve continued to discover pain points in the education ecosystem that we believe we’re uniquely positioned to solve,” Massaro continued. “Cohort Go gives us an opportunity to accelerate the investment we have been making to further extend our value proposition to international students. With our Flywire Advantage, we can apply our existing framework of using software to drive value in payments to solve very specific use cases.”
Complements strong organic growth
The acquisition of Cohort Go is a continuation of Flywire’s long-term plan to supplement its strong organic growth and continually expand across all business lines. The acquisition is expected to be modestly accretive to revenue and Adjusted EBITDA. More details will be shared on the upcoming earnings call scheduled for August 9, 2022.
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.
NCODA | July 28, 2022
Empowering all stakeholders in oncology with easily accessible, patient-centered education and collaborative learning opportunities is fundamental to NCODA, Inc. Today, NCODA, launches NCODA University, a new division of the organization, which will allow medically-integrated oncology professionals to obtain top-tier training in a format that is accessible, functional, diverse, and addresses current practice needs.
NCODA University will utilize a four-column structure for encompassing educational initiatives specifically designed for each of the different facets: members, trainees (students, residents, and fellows), industry team members, and patients. "This new educational platform will help us continue providing quality education to a variety of different stakeholders in oncology - from our students and industry partners, to our clinical members and the patients they serve."
Michael Reff, RPh, MBA, Founder and Executive Director at NCODA
Firmly committed to lifelong learning, NCODA University, led by Julianne Darling, PharmD, BCOP (Manager of Education), will build upon highly utilized NCODA-developed resources such as the Oral Chemotherapy Education (OCE) and Intravenous Cancer Treatment Education (IVE) sheets. In addition, the program will meet important needs of oncology professionals with continuing education (CE) activities, a virtual expert speaker library, Medically-Integrated Pharmacy (MIP) Significance Training, and learning modules designed to equip all participants with the information needed to excel in oncology.
Not only will NCODA University support clinical and industry professionals, the program will fill a gap in pharmacy student oncology education. Working closely with NCODA-affiliated schools / colleges of pharmacy, the need for enhanced oncology-focused coursework was identified. Pharmacy students, residents and fellows will be able to engage with NCODA University for learning opportunities designed to enhance important oncology curriculum prior to graduating.
NCODA, Inc. is a 501(c)(3) organization. Our Mission is to empower the medically-integrated oncology team to deliver positive, patient-centered outcomes by providing leadership, expertise, quality standards and best practices.
JUNO | August 23, 2022
JUNO, an end-to-end software platform for digital community engagement, has launched ReadyMe for ASAE: The Center for Association Leadership's new self-paced, soft skills program for the next generation of association leaders.
ASAE's ReadyMe is the future of learning with digital micro-credentialing, one-on-one mentoring and powerful community connection features tied to an in-person component,. "JUNO's ability to connect learners to mentors and colleagues enriches the experience from a simple online learning management system into a year-round community and sense of partnership with others.
JUNO Founder and CEO Josh Hotsenpiller
"Disruption equals opportunity," says Michelle Mason, President and CEO of ASAE: The Center for Association Leadership. She shared in a short interview here what drove ASAE to choose JUNO and how breaking away from dated technology tools was key. Mason shared why associations must embrace change in order to drive their mission forward. Breaking away from yesterday's outdated technology and embracing the changes we've all seen over the past three years is what fueled the creation of ReadyMe. "JUNO is advancing good in the world through human connection. Digital engagement must connect people to the contacts, content and education they need to grow," Hotsenpiller says. "We believe what got you here won't get you to the future, and we are excited to see where ASAE's leaders go with ReadyMe." JUNO's digital community engagement platform increases member value and revenue opportunities through transformational connection experiences. Networking, Learning, Events and Community software features combine in this end-to-end solution. Features such as micro-learning, certification, gamification, matchmaking, and streaming directly from the platform make it the most robust platform. JUNO's proprietary AI is a recommendation engine that creates a sticky experience, keeping users engaged and loyal. Analytics tools create actionable insights to help clients make data-driven decisions. Experience JUNO with a free account at http://www.connect.junolive.com. Be sure to visit with JUNO executives at the ASAE Annual Meeting through August 22 in Booth #2017.
JUNO is a digital community engagement platform for Networking, Community, Events, and Learning. This software-as-a-service solution is embraced by innovative clients ready to make the digital transformation necessary for future success in events, member communications, and learning. JUNO has brought together over 10,000 users across five continents and delivered almost 50 million minutes of streamed content. Organizations like the American Society of Association Executives, the Professional Convention Management Association, American College of Emergency Physicians, Network of Executive Women, American Heart Association, a Big 4 national sports organization among others, have all chosen JUNO to advance their mission.