Wayflyer secures $253 million debt financing from Credit Suisse

Wayflyer, the revenue-based funding and growth platform for e-commerce businesses, secured a $200 million (plus $53 million mezzanine) debt financing facility from Credit Suisse.

Wayflyer will use the additional credit facility to support origination, allowing it to quickly provide financing to e-commerce businesses helping them fuel growth, improve cash flow and drive sales. It will also allow Wayflyer to improve its liquidity and support its ambition to offer the most competitive rates to its customers, in the United States and Western Europe.

Wayflyer is proud of the company’s robust business model, disciplined underwriting model, and position as a premier partner to some of the world’s largest financiers. Wayflyer also agreed a $300 million line of credit with JP Morgan earlier this year.

Wayflyer specializes in financing e-commerce businesses, helping them address critical working capital issues that can limit growth. By improving cash flow, its clients are able to seize new opportunities such as acquiring additional inventory, hiring talent, or simply improving the profitability and resilience of their business.

Aidan Corbett, Co-Founder and CEO, Wayflyer comments“Now, more than ever, e-commerce businesses need access to fair, flexible and affordable financing solutions from a trusted and resilient partner.” On a practical level, this agreement helps support our goal to provide the fairest terms and best rates to our customers while advancing Wayflyer’s unwavering commitment to being a trusted partner, regardless of the impact of broader economic conditions on the market.”