Wayflyer raises $76 million Series A in a round led by Left Lane Capital.
Wayflyer, a London, UK-based provider of loans against ecommerce revenues, announced the completion of a $76 million Series A round.
The money was raised from investors led by Left Lane Capital, with support from partners of DST Global, QED Investors, Speedinvest and Zinal Growth, the family office of Guillaume Pousaz (founder of Checkout.com).
The company says it also has 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.
Wayflyer, founded by CEO Aidan Corbett and Jack Pierse in Ireland, provides revenue-based financing and growth solutions to eCommerce merchants, on top of a range of financing and marketing analytics solutions that help them access working capital, improve cash flow and drive sales. By delivering both access to capital and business critical insights, Wayflyer supports its customers by addressing many of the structural challenges eCommerce merchants face as they scale.
Wayflyer raised $10.2 million from QED Investors, Middlegame Ventures, Speedinvest and FGFE in 2020.