eCommerce growth platform Wayflyer continues expansion into Spain and the Netherlands
By Joy Dumasia
Wayflyer, the revenue-based financing and growth platform for eCommerce merchants, today announces its expansion into Spain and the Netherlands. The announcement marks another milestone in the company’s ambitious expansion plan following the $76m all equity Series A raise earlier in the year.
Wayflyer aims to deploy over $100m in each of these markets in 2022, helping Dutch and Spanish eCommerce founders rapidly grow their revenues. To aid in local market growth, Wayflyer has hired Marc Brichs as its Spanish General Manager and Matthijs Onland in the Netherlands as its Dutch General Manager. Both Marc and Matthijs will report directly to Wayflyer CEO Aidan Corbett.
As the global eCommerce boom shows no sign of slowing, Wayflyer’s opened its first U.S office in Atlanta, GA, earlier this year. There are plans to grow operations in Australia, France and other European countries during the coming months.
As one of Europe’s fastest-growing FinTechs, Wayflyer provides a range of financing and market analytics tools designed to equip eCommerce businesses with the working capital and market insights they need to improve performance and reach their growth potential.
Aidan Corbett, Wayflyer CEO and Co-Founder said: “With eCommerce sales across Europe expected to increase by $298bn from 2020 to 2025, our decision to expand into high growth markets – such as Spain and the Netherlands – is an important step in our growth strategy. The last six months has seen impressive growth with a technology stack now designed to handle multiple currencies and payments in 10 countries and a global network of offices enabling 24-hour support. We are excited to be in a position to broaden and deepen the services we can deliver to both new and existing customers.”
IBS Intelligence reported that Sezzle, a purpose-driven payments company, announced the upcoming launch of ‘Sezzle Capital’, a program enabling retail partners with working capital up to US$10 Million.
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