Wayflyer gives eCommerce companies the insights and funds to accelerate their growth.
Wayflyer is used by the fastest growing eCommerce companies from all around the world, including the United States, Canada, the United Kingdom, Australia, New Zealand, Ireland, Spain, The Netherlands, Belgium, Denmark, or Sweden.
eCommerce companies face two major challenges;
Wayflyer solves both of these problems for your company.
Revenue-Based Financing is an easy, fast and flexible way to get the funds you need to grow, without diluting your ownership or having to provide collateral or personal guarantees.
With Revenue Based Financing, your business is assessed based on the performance of your online store. If you are approved for funding, you get funds send directly to your bank account and then you repay the funding using a percentage of your daily revenue.
To get funding from Wayflyer you need to:
No. Wayflyer does not currently work with dropshippers and only provides funding to companies who hold their own stock..
No. We require companies to have been operating for a minimum of 6 months and to have at least $20,000 in average monthly online revenue.
Yes. Lots of our customers sell their products through multiple channels.
There are 5 simple and easy steps to get funding from Wayflyer;
You can sign up in minutes, get offers in hours, and have funding in your account within 1-3 days (depending on how long it takes your bank to receive the funds).
We ask you to connect 4 types of platforms to Wayflyer:
You can always log back into your Wayflyer account and connect or disconnect these platforms at any time.
You can connect your platforms to Wayflyer during the sign up process or by logging in to your Wayflyer account at any time.
if you don't have access to one of your platforms, you need to find the person at your company (or your marketing agency) who does.
Once you find out who this person is, you can then add them as a user to your Wayflyer account from within your Wayflyer dashboard. They can then log in to Wayflyer and connect your platform.
Send us a message through our on-site chat or email us at email@example.com and we’ll help you connect your platforms.
Wayflyer provides funding to eCommerce companies which is then paid back using a percentage of your daily revenue.
For every funding offer, there are three terms to be aware of;
We like to keep things simple and we hate surprises. Signing up and applying for funding is completely free. There are no origination fees, no annual fees, no monthly maintenance fees, no documentation fees, no interest rates and no other hidden fees.
Funding offers are based on several factors, including your financial performance and historic marketing performance. The more revenue you generate and the better your marketing performance, the more funding that will be available to you.
We will always generate a number of funding offers for you, allowing you to choose the one that works best for your needs.
This will depend on how much funding you take, the Repayment Rate and your online sales. If you choose a higher repayment rate, you will repay the full amount quicker than if you had a lower repayment rate.
Also, if your sales increase, you will repay the total amount quicker.
If your sales slow down, then you will repay Wayflyer at a slower rate.
Yes. You can make manual payments toward your balance at any time and there is no charge or penalty for early repayment. If you wish to do this, contact your Customer Success Manager.
Typically, yes. Once you have worked with us for a while, we get to know your business better. If your business is growing and performing well, you will usually be able to get more funding and at even better terms.
Each day, repayments are made from your bank account to Wayflyer by an Automated Clearing House (ACH) Pull or a Direct Debit depending on your country.
This amount is calculated each day by multiplying the Repayment Rate in your contract by the Sales collected through your online store that day. Therefore, the amount varies in line with your sales.
The ACH pull (Direct Debit) continues until the total amount is repaid.
This is the bank account to which we send the funding and take repayments from. You may have multiple bank accounts on file but you can only have one primary payment account with Wayflyer.
Wayflyer uses best in class security practices and encryption technology to always keep your data safe. We hold your data solely for the purposes set out in our terms and conditions.
Here are some of the actions we take to maintain the safety of your data.
Reviewing your advertising services gives Wayflyer a full picture of your business in real time without requiring you to submit additional paperwork. Link your business services once, and your account will remain connected to Wayflyer, until you disconnect. Connections help us understand your business not just at the time of qualification, but also on an ongoing basis so you don't have to reapply or re-enter your information. When you add additional data sources in the future, we'll use this data at the time it's added and every point thereafter. You can remove connections at any time.
The Wayflyer Card is a virtual Visa Card that you can use to pay for marketing expenses such as Google and Facebook Ads. You can receive some, or all of your advance using the Wayflyer Card. Fees are typically lower for funds advanced using the Wayflyer Card. The Wayflyer Card is available to our customers in the United Sates, European Union, and the United Kingdom.
You won't need to apply for the card separately from your advance. When you discuss your financing needs with your Wayflyer Account Executive you can decide if you want some of your advance put on to the Wayflyer Card. The amounts and dates of funding you want on the Wayflyer Card will be included in your Advance Agreement.
You can spend the funds advanced on the Wayflyer Card on either marketing or advertising. For example, you can pay your Google or Facebook Ads, or, if your marketing agency accepts credit card payments, you can pay for that too.