Wayflyer, a revenue-based financing and growth platform for e-commerce businesses, has landed $150m in Series B funding, bringing its valuation to $1.6bn.
The round was co-led DST Global and QED Investors, with existing investors Left Lane Capital and Guillaume Pousaz (Checkout.com founder) participating. Wayflyer also welcomed new investors Prosus, Madrone Capital Partners, and J.P. Morgan.
Since its launch in April 2020, Wayflyer said it has been “relentlessly focussed” on helping eCommerce businesses drive growth, by removing the barriers that limit their potential.
The company explained that even though the global e-commerce market is experiencing rapid growth, expecting to hit $5 tn this year, financial and supply chain ecosystems are still “playing catch up.”
This latest investment, Wayflyer said, will enable it to shape a new ecosystem for e-commerce, by offering flexible funding options and the best rates.
“Global supply chains are at breaking point, and sourcing products, manufacturing, and freight are enormous obstacles for eCommerce businesses — these are the headaches keeping founders up at night. For Wayflyer to truly be successful, we need to equip founders with everything they need to get beyond these obstacles and achieve incredible things,” the company added.
Copyright © 2022 FinTech Global
