E-commerce firm Wayflyer bags $253mn debt financing from Credit Suisse
Wayflyer has secured a $200 million (plus $53 million mezzanine) debt financing facility from Credit Suisse.
The venture, which earlier this year hit unicorn status as it announced a Series B funding round of $150 million, provides e-commerce businesses with a range of financing and analytics solutions.
It says it will use the additional debt facility to quickly provide funding to e-commerce businesses, helping them fuel growth, improve cashflow and drive sales.
Wayflyer will also be able to improve liquidity and support its ambition to offer the most competitive rates to its customers, in the US, and Western Europe.
It also agreed a $300 million debt line with J.P. Morgan earlier this year.
Aidan Corbett, Co-Founder and CEO, Wayflyer, comments: “Now, more than ever, e-commerce businesses need access to fair, flexible and affordable funding solutions from a trusted and resilient partner.”
“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.”
