ATLANTA & DUBLIN & LONDON–(BUSINESS WIRE)–Wayflyer, the revenue-based financing and growth platform for e-commerce businesses, has secured and begun to deploy $300 million in debt financing from global financial services leader JP Morgan, with Neuberger Bermann acting as mezzanine provider.
The credit facility helps Wayflyer grow its punching power and market share, while continuing to support a global marketplace of more than 300,000 e-commerce businesses demanding fair, flexible and affordable financing. The funds also reduce Wayflyer’s cost of capital, enabling it to offer the most competitive pricing in the market to e-commerce businesses in the United States, Western Europe and Australia.
The news comes shortly after Wayflyer announced its Series B round in February 2022. The all-equity round, co-led by DST Global and QED Investors, with JP Morgan as a participant, saw Wayflyer’s valuation reach 1 $.6 billion after raising $150 million. Wayflyer’s debt financing line and Series B round allow the company to continue its high growth trajectory, providing e-commerce businesses with not only the best financial terms, but also the expertise and advice that can help them reach their potential.
Aidan Corbett, CEO and Co-Founder of Wayflyer commented: “With e-commerce revenues expected to reach US$5.4 trillion in 20221, the need for financing solutions at competitive prices is greater than ever. The $300 million debt financing we have secured and partially deployed with JP Morgan will help us seize this opportunity and allow us to offer the most competitive rates in the market to help ambitious e-commerce businesses more effectively. to realize their growth potential.
“We have focused on ways to continually support our e-commerce customers with their business and working capital needs; with Wayflyer, we are able to provide structured lending and help our e-commerce clients build benchmarks in this asset class,” said Stuart Roberts, global head of trading and working capital, JP Morgan. “This will be one of many innovations from JP Morgan in structured lending for e-commerce as we seek to innovate the industry and provide capital to our clients as they face growth rates high and need reliable capital to meet that demand.”
To apply for funding or to learn more about how Wayflyer helps e-commerce businesses, visit www.wayflyer.com.
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Notes to Editors:
1 Statista Research Department, July 2021
Founded in September 2019, Wayflyer helps e-commerce businesses around the world reach their growth potential by providing a range of financing and analytics solutions that improve cash flow, drive sales and optimize supply chains. .
With its affordable, non-dilutive, and unsecured capital offering, eligible businesses have the ability to secure advertising space and inventory, paving the way for growth and profitability. Wayflyer’s unique free analytics platform also analyzes marketing performance every day, equipping e-commerce businesses with world-class analytics and tangible, granular recommendations designed to improve performance.
Wayflyer acts as a growth platform for e-commerce businesses, providing them with a one-stop shop for the working capital needed to thrive, as well as the knowledge and data-driven insights to optimally spend their capital.