E-commerce startup Wayflyer eyes global expansion as it raises $76m

Wayflyer, a revenue-based financing platform for e-commerce merchants, has announced a $76 million Series A fundraise led by Left Lane Capital.

There was also support from partners of DST Global, QED Investors, Speedinvest and Zinal Growth, the family office of Guillaume Pousaz (founder of Checkout.com).

The cash will be used to support Wayflyer's product development and international expansion.

Wayflyer has also expanded its debt facilities by an additional $100 million and signed a partnership with Adobe Commerce aimed at increasing its capital deployment capabilities.

Aidan Corbett, Wayflyer CEO, says: “We exist to help e-commerce businesses grow, and reduce the traditional barriers they face as they scale.”

“Our rapid growth since launch demonstrates the strength of this proposition and our relentless focus on customer service, and we’ve only just scratched the surface of this enormous market.”

“The number of direct-to-consumer brands launching every day continues to amaze us and we’re excited about the next stage of our mission to become the go to growth platform for merchants looking to realise their potential.”

Dan Ahrens, Partner at Left Lane Capital, comments: “Wayflyer has quickly become a key player in the e-commerce ecosystem by solving the biggest challenge facing merchants.”

“They have unlocked growth for many entrepreneurs, and their strong customer reviews show that they are a deeply trusted partner of many leading brands.”

“The Wayflyer team is world class, and has a differentiated understanding of what drives scale in e-commerce markets. We are thrilled to work with them along this journey."