Wayflyer secures $253 million in debt financing from Credit Suisse

0
By Edlyn Cardoza

Today

Wayflyer, the revenue-based funding and growth platform for e-commerce companies, secured a $200 million debt financing facility (plus a $53 million mezzanine) from Credit Suisse.

Flyer will use the additional credit facility to support other arrangements, allowing it to quickly provide financing to e-commerce businesses to help fuel their growth, improve cash flow and boost sales. It will also allow Flyer to improve liquidity and support its ambition to offer the most competitive rates to its customers in the United States and Western Europe.

Flyer is proud of the company’s robust business model, disciplined underwriting model and position as a premier partner to some of the world’s leading financiers. Flyer also agreed to a $300 million line of credit with JP Morgan earlier this year.

Flyer specializes in financing e-commerce businesses, helping them address critical working capital issues that can limit growth. By improving cash flow, its clients can seize new opportunities such as acquiring additional inventory, hiring talent, or simply improving the profitability and resilience of their business.

Aidan Corbett, Co-Founder and CEO, Flyer comments: “Now, more than ever, e-commerce businesses need access to fair, flexible and affordable financing solutions from a reliable and resilient partner. In concrete terms, this agreement helps support our goal of offering the conditions the fairest and best rates to our customers while progressing Flyerthe unwavering commitment to be a trusted partner, regardless of the impact of broader economic conditions on the market.

IBS Intelligence reported that e-commerce growth platform, Wayflyer, has announced the appointment of Rebecca Weizenecker as head of US sales. Rebecca joined Atlanta-based bill payment fintech Now, where she was vice president of sales and marketing.

Previous post

4 FinTech money transfer companies in the United States

Read more

next article

Apex Group Appoints Akshay Thakurdesai as Country Manager for India

Read more

IBSi Daily News Analysis

Monday

September 05, 2022

Cash flow

The Monday Roundup: What we’re watching this week | September 5

Read more

IBSi FinTech Review

  • Most Trusted FinTech Journal Since 1991
  • Digital monthly issue
  • Over 60 pages of research, analysis, interviews, opinions and rankings
  • Global coverage

Subscribe now


Source link

Share.

About Author

Comments are closed.