Wayflyer, a Dublin, Ireland-based global revenue-based financing and growth platform for eCommerce businesses, raised $150m in Series B funding.
The raise brings Wayflyer’s post-money valuation to $1.6bn. The equity round was co-led by DST Global and QED Investors, which were joined by Prosus, Madrone Capital Partners and J.P. Morgan and existing investors Left Lane Capital and Guillaume Pousaz (Checkout.com founder).
The funds will be used to continue building its presence in current territories, expand into new territories across Europe and into Asia, further expand its product range, and hire the best talent globally.
Founded in September 2019 and led by Aidan Corbett, Wayflyer helps eCommerce businesses worldwide reach their growth potential by providing a range of financing and analytics solutions that improve cash flow, drive sales and optimize supply chains.
Through its offering of unsecured capital, eligible businesses are given the flexibility to secure advertising space and inventory. The free analytics platform also analyzes marketing performance on a daily basis, equipping eCommerce businesses with analytics and granular recommendations designed to improve performance.
In 2021, Wayflyer raised a Series A round of $76m, expanded into new markets including Spain and the Netherlands, opened a dedicated office in Atlanta and formed partnerships with the likes of Adobe, Sezzle and eBay UK.
FinSMEs
02/02/2022