wayflyer logo

eCommerce growth platform Wayflyer continues global expansion, building across Europe

eCommerce growth platform Wayflyer continues global expansion, building across Europe

  • Wayflyer has recently expanded into four European markets, Germany, Sweden, Belgium and Denmark
  • News follows two recent debt financing deals with Credit Suisse ($253mn) and J.P.
    Morgan ($300mn) which allow Wayflyer to offer its customers funding at better rates
  • The business has now provided over $1.3bn in funding to 1,900+ eCommerce business globally, and in Q2 2022 the amount of funding provided increased 552% YoY

Atlanta / Dublin / London, 15th September 2022: Wayflyer, the revenue-based financing and growth platform for eCommerce businesses, today announces it has recently expanded into four additional European markets.

Wayflyer now offers eCommerce businesses in Germany, Sweden, Belgium and Denmark access to quick, flexible funding that will help them scale, improve their cashflow and also drive sales. Wayflyer aims to deploy over $200m across these markets over the next 12 months.

The announcement marks another milestone in the businesses’ expansion following its Series B raise of $150mn in February this year, and recent debt financing deals with Credit Suisse and J.P. Morgan totalling $553mn. A global business, Wayflyer is now live in 12 markets across North America, Europe and Australia and continues to expand worldwide. Wayflyer expects to launch in a number of new markets over the course of the next year as it remains the partner of choice for ambitious eCommerce businesses.

Since launch in late 2019, the business has funded close to 2,000 eCommerce businesses across 12 markets, and has seen 552% year on year growth on the amount funded between Q2 2021 and Q2 2022.

Aidan Corbett, Co-Founder and CEO, Wayflyer comments: “Amidst more challenging markets globally this year, the need among eCommerce businesses for flexible funding solutions from a resilient partner has never been greater.

“Germany, Sweden, Belgium and Denmark are all markets that have seen eCommerce sector booms over the past few years and we’re excited to be in a position to offer our current products and services to new customers there. Alongside this, we’re continuing to develop new products and solutions for eCommerce businesses globally. Our decision to continue expansion into these markets is only made possible by our world-class underwriting capabilities and focus on sustainable growth.”