The Weekly Wrap: all you need to know by Friday COB | August 7th

By Puja Sharma

The Weekly Wrap is published every Friday and recaps the week’s main stories and deals, as well as upcoming events and announcements for Prime subscribers only.

The Big Story

Wayflyer has secured a three-year forward-flow agreement with Fortress Investment Group that will fund up to $1.5 billion in small business credit assets originated through the FinTech’s lending platform.

The agreement has strengthened Wayflyer’s funding capacity as the company seeks to expand access to working capital for small businesses. Under the arrangement, Fortress will purchase up to $1.5 billion in eligible credit assets over the next three years.

Wayflyer has said the facility will allow it to unlock the value of its loans upfront, improving capital efficiency and enabling it to extend financing to more businesses while continuing to invest in its platform. The Dublin-headquartered FinTech uses sales and business performance data to underwrite short-term financing for eCommerce brands. Since its launch in 2020, the company has deployed more than $6 billion in working capital to small businesses.

Wayflyer has also outlined plans to deploy $4.5 billion in small business financing by 2028, with the latest agreement expected to support that growth strategy. The company has continued to expand its funding base through partnerships with institutional investors. Earlier this year, it secured a separate $250 million credit facility arranged by ATLAS SP Partners to support lending activity.

Founded in 2020, Wayflyer provides revenue-based financing and working capital solutions to online merchants, using data-driven underwriting to deliver funding decisions. The latest agreement has highlighted continued institutional interest in FinTech-enabled lending platforms that provide capital to small and medium-sized businesses through technology-led credit models.

Deals of the week

• Maximum raises $30m Seed funding for AI-native banking platform
• Omnia partners with Monavate on payment infrastructure
• UW Credit Union selects Fiserv DNA core platform
• Nayax seeks US bank charter for embedded banking
• GetVantage raises $6.6m in Series A1 funding
• 10x Banking raises £40m from AshGrove Capital
• KamelPay secures UAE payment licences
• LuminArx, Bridge launch $500m AI-powered supplier finance partnership

Be on the lookout for

India’s Micro, Small and Medium Enterprises (MSMEs) have continued to remain resilient despite global uncertainties, including the conflict in West Asia, with business confidence staying firmly in positive territory and enterprises remaining optimistic about the year ahead, according to the latest MSME Outlook Survey April–June 2026 released by the Small Industries Development Bank of India (SIDBI).

The survey shows that while MSMEs continue to face challenges such as cost pressures, demand concerns and shortage of skilled labour, the overall mood across the sector remains positive. Businesses have reported stable sales, steady profit margins and continued access to finance, while expectations for the coming quarters remain encouraging.

Reflecting this resilience, the MSME Business Confidence Index (M-BCI) stood at 59.3 during the April-June 2026 quarter, compared with 59.8 in the previous quarter. The index continues to remain comfortably above the 50-mark, indicating that business confidence remains in expansionary territory despite the uncertain global environment.

The survey also points to sustained optimism about future business conditions. The MSME Business Expectations Index (M-BEI) stood at 60.1 for the July-September 2026 quarter and is expected to improve further to 61.2 for April-June 2027, indicating that MSMEs remain confident about business prospects over the coming year.

Access to finance remained broadly stable across sectors. Most enterprises reported steady availability of working capital finance during the quarter. While manufacturing enterprises expect some moderation going forward, businesses in the services and trading sectors expect working capital availability to improve. A similar trend was observed in the availability of overall finance. While manufacturing and services enterprises expect some moderation, trading enterprises anticipate a significant improvement over the next year.

Overall, the survey shows that business sentiment among Indian MSMEs continues to remain positive and broadly unchanged from the previous quarter. In the services sector, although the share of enterprises expecting better business conditions one year ahead moderated to 32% from the current level of 44%, the overall outlook continues to remain positive.