" class="no-js "lang="en-US"> eCommerce growth platform Wayflyer continues global expansion, building across Europe - Fintech Finance
Sunday, May 26, 2024

eCommerce growth platform Wayflyer continues global expansion, building across Europe

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.”

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 are able to seize new opportunities such as acquiring additional stock, hiring talent or simply improving the profitability and resilience of their business.

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