Wayflyer
Wayflyer advances funding to ecommerce businesses against their future sales, for the stock and advertising that has to be paid for before the revenue arrives.
About Wayflyer
Wayflyer lends to ecommerce businesses against their future sales rather than against assets or a personal guarantee. The problem it addresses is a timing one that grows worse the faster a store grows: inventory and advertising have to be paid for now, and the revenue they produce arrives weeks or months later. A bank looking at a three-year-old online retailer sees very little it recognises as collateral. Because repayment is a share of sales rather than a fixed schedule, a slow month costs the merchant less, which matters in a business as seasonal as most online retail. The underwriting draws on the store's own trading data instead of its accounts. The company was founded in 2019 in Dublin by Aidan Corbett and Jack Pierse. It raised a USD 76 million Series A in 2021 led by Left Lane Capital and a USD 150 million Series B in 2022 led by DST Global, the round that took it past a billion-dollar valuation. It has offices in London, New York, Charlotte and Sydney alongside Dublin.