E-commerce financing platform Wayflyer receives $200m

Wayflyer, the revenue-based financing and growth platform for e-commerce businesses, has announced it has received a $200 million debt financing facility.

The company said the money, provided by Swiss bank Credit Suisse, would enable it to improve liquidity and support plans to offer the most competitive rates to its customers in the US and Western Europe.

It also said it would use the debt financing to support further origination.

“Now, more than ever, e-commerce businesses need access to fair, flexible and affordable funding solutions from a trusted and resilient partner,” said Aidan Corbett, co-founder and chief executive, Wayflyer. “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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