Wayflyer, the revenue-based financing and growth platform for e-commerce businesses, has secured a $253mn debt financing facility from Credit Suisse.
Wayflyer will use the additional debt facility to support further origination, enabling it to quickly provide funding to e-commerce businesses helping them fuel growth, improve cash flow and drive sales. It will also allow Wayflyer to improve liquidity and support its ambition to offer the most competitive rates to its customers, in the U.S, and Western Europe.
Wayflyer is proud of the firm’s robust business model, its disciplined underwriting model, and its position as a leading partner to some of the largest financiers in the world. Wayflyer also agreed to a $300m debt line with J.P. Morgan earlier this year.
Wayflyer specializes in providing funding to e-commerce businesses, helping them solve critical working capital problems that can constrain growth. By improving cash flow its customers are able to seize new opportunities such as acquiring additional stock, hiring talent, or simply improving the profitability and resilience of their business.
Aidan Corbett, Co-Founder, and CEO, of Wayflyer comments: “Now, more than ever, e-commerce businesses need access to fair, flexible, and affordable funding solutions from a trusted and resilient partner. “At a practical level, this deal helps support our objective to offer the fairest terms and the best rates to our customers while advancing Wayflyer’s unwavering commitment to being a trusted partner, irrespective of the impact of wider economic conditions on the market.”
To apply for funding or to find out more about how Wayflyer is helping e-commerce businesses, visit HERE!
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