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Wayflyer, Adobe announce merchant finance solution to propel ecommerce industry
Thursday 29 April 2021 11:39 CET | News
Wayflyer has joined forces with Adobe to launch a financial solution for businesses on Adobe’s ecommerce platform.
According to the press release, the partnership will provide ecommerce businesses on Adobe Commerce, powered by Magento and Magento Open Source with access to revenue-based financing, an affordable alternative to traditional sources of funds tailored to the needs of scaling ecommerce businesses. Instead of interest fees, dilutive equity stakes, or personal guarantees, ecommerce merchants will be charged a single fixed fee, and remittances as a percentage of their daily sales.