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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
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Through the partnership, Wayflyer will offer tailored financial solutions to Adobe merchants, helping to solve critical working capital issues
Wayflyer, a revenue-based financing platform has joined forces with Adobe to launch a financial solution for businesses on Adobe’s industry-leading eCommerce platform. This partnership solves a significant problem in the eCommerce industry by providing businesses with the competitive working capital they need to scale and grow.
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 firms. Instead of interest fees, dilutive equity stakes or personal guarantees, eCommerce brands will be charged a single fixed fee, and remittances as a percentage of their daily sales.