Revenue-based financing and growth platform for ecommerce businesses, Wayflyer, has secured a US$200 million (plus US$53 million mezzanine) debt financing facility from Credit Suisse.
Wayflyer will use the additional debt facility to support further origination, enabling it to provide funding to ecommerce businesses helping them fuel growth, improve cashflow and drive sales. It will also allow Wayflyer to improve liquidity and support its ambition to offer the most competitive rates to customers.
Wayflyer specialises in providing funding to ecommerce businesses, helping them solve critical working capital problems that can constrain growth. By improving cash flow its customers can seize new opportunities such as acquiring additional stock, hiring talent or simply improving the profitability and resilience of their business.
Wayflyer co-founder and CEO, Aidan Corbett said, “Now, more than ever, eCommerce 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.”