Wayflyer secures $253m debt financing from Credit Suisse
By Edlyn Cardoza
Wayflyer, the revenue-based financing and growth platform for e-commerce businesses, has secured a $200 million (plus a $53 million mezzanine) debt financing facility from Credit Suisse.
Wayflyer will use the additional debt facility to support other origination, enabling it to quickly provide funding to e-commerce businesses helping them fuel growth, improve cash flow and drive sales. It will also allow Wayflyer to improve liquidity and support its ambition to offer the most competitive rates to its customers in the U.S and Western Europe.
Wayflyer is proud of the firm’s robust business model, disciplined underwriting model, and its position as a leading partner to some of the most prominent financiers in the world. Wayflyer also agreed to a $300 million debt line with J.P. Morgan earlier this year.
Wayflyer specialises in funding e-commerce businesses, helping them solve critical working capital problems that can constrain growth. By improving cash flow its customers can seize new opportunities such as acquiring additional stock, hiring talent or simply improving the profitability and resilience of their business.
Aidan Corbett, Co-Founder and CEO of Wayflyer, comments: “Now, more than ever, eCommerce businesses need access to fair, flexible and affordable funding solutions from a trusted and resilient partner. At a practical level, this deal helps support our objective to offer the fairest terms and the best rates to our customers while advancing Wayflyer’s unwavering commitment to being a trusted partner, irrespective of the impact of wider economic conditions on the market.”
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