Global payments enablement and software company Flywire Corporation has announced the appointment of Cosmin Pitigoi as its Chief Financial Officer, effective March 4, 2024. Pitigoi, who brings decades of senior financial leadership experience, is set to play a pivotal role in scaling financial operations, optimizing costs, and expanding Flywire's global footprint.
In his new position, Pitigoi will report directly to Flywire’s CEO Mike Massaro and will be responsible for overseeing various crucial functions, including accounting, financial planning and analysis, financial reporting, investor relations, internal audit, SEC reporting, tax, credit and risk, and treasury operations.
Massaro expressed confidence in Pitigoi's ability to contribute to the company's growth trajectory, stating, "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. 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."
Flywire, amid a period of rapid growth, has been actively addressing complex payment challenges for over 3,700 clients across diverse industries such as Education, Healthcare, Travel, and B2B. Pitigoi's extensive financial leadership background, garnered over twenty years at PayPal and eBay, positions him well to navigate Flywire through its next phase of expansion.
Pitigoi's roles at PayPal and eBay included serving as the senior vice president in PayPal finance, where he led a global cross-functional team focusing on FP&A, operational finance, and pricing. His expertise also extends to leadership roles in investor relations, business unit FP&A, and treasury at eBay. Pitigoi commenced his career in operational and finance roles at E*Trade and Barclays.
With a B.Comm. from Stellenbosch University in South Africa and an MBA from Santa Clara University, Pitigoi brings a robust academic background to complement his practical experience.
Expressing his enthusiasm for his new role, Pitigoi stated, "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."
As part of the transition, Flywire's current CFO, Mike Ellis, will remain as a senior advisor. Flywire, headquartered in Boston, MA, with a global presence, aims to leverage Pitigoi's expertise to continue delivering value for clients, payers, partners, FlyMates, and shareholders.
