Irish start-up Wayflyer raises $76 million rte.ie - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rte.ie Daily Mail and Mail on Sunday newspapers.
Irish start-up Wayflyer raises $76m and secures $100m debt facility New raise confirms Wayflyer’s status as one of Europe’s fastest growing fintech start-ups
Thu, May 27, 2021, 11:18
Wayflyer, an Irish start-up that provides revenue-based financing and marketing analytics for online businesses, has raised $76 million (€62 million) in funding.
To cope with demand for its cash advance product, Wayflyer has also expanded its debt facilities by an additional $100 million and recently signed a major partnership with Adobe Commerce in a move that will further increase its capital deployment capabilities.
The equity raise comes just 14 months after Wayflyer launched its first product, confirming its status as one of Europe’s fastest growing fintech start-ups.
Irish start-up Wayflyer raises $76m in funding
Aidan Corbett and Jack Pierse. Image: Wayflyer
The financing platform will use the new funding to support marketing, product development and international expansion.
Wayflyer, a revenue-based financing and growth platform for e-commerce companies, has raised $76m in Series A funding in a round led by Left Lane Capital.
Other participants in the funding round included partners of DST Global, QED Investors, Speedinvest and Zinal Growth, the family office of Guillaume Pousaz.
Founded in 2019 by Aidan Corbett and Jack Pierse, Wayflyer provides e-commerce merchants with a range of financing and marketing analytics tools to help them access working capital, improve cash flow and drive sales.
The eCommerce revenue-based financing and growth platform has raised $76m after advancing over $150m since launching in April 2020 Prominent backers include Left Lane, partners of DST Global
Wayflyer, a Dublin, Ireland-based provider of eCommerce growth platform, raised $76M in Series A funding.
The round was led by Left Lane Capital, with participation from DST Global, QED Investors, Speedinvest and Zinal Growth, the family office of Guillaume Pousaz (founder of Checkout.com).
Wayflyer has also expanded its debt facilities by an additional $100m and recently signed a major partnership with Adobe Commerce in a move that will further increase its capital deployment capabilities.
The company intends to use the funds for marketing, product development and international expansion.
Led by co-founders Aidan Corbett and Jack Pierse, Wayflyer provides a revenue-based financing and growth platform to eCommerce merchants., offering a range of financing and marketing analytics solutions to access working capital, improve cash flow and drive sales. The company’s free analytics platform also analyzes marketing performance on a daily basis, equipping eCommerce businesses wit