Wayflyer, a FinTech specialising in working capital solutions for fast-growing small businesses, has secured fresh institutional backing of $250m.
The company has agreed a $250m, two-year credit facility with ATLAS SP Partners, the warehouse finance and securitised products business majority owned by Apollo funds.
The deal is designed to increase Wayflyer’s lending firepower at a time when demand for flexible, non-dilutive capital is rising among small and medium-sized enterprises (SMEs).
Founded to address funding gaps left by traditional banks, Wayflyer provides growth capital to small businesses, particularly online merchants, that may struggle to access conventional financing. Its model focuses on offering fast, flexible funding that allows founders to invest in inventory, marketing and expansion without giving up equity.
The newly secured facility will be deployed directly to support ambitious founders with clear growth plans. Wayflyer said the additional capital will help it continue scaling while maintaining credit quality, as it seeks to balance rapid expansion with disciplined underwriting. The agreement also follows the company surpassing $100m in annual revenues, marking a significant milestone in its growth trajectory.
To date, Wayflyer has deployed more than $6bn to thousands of businesses globally. It has built what it describes as a diversified and growing institutional funding base, reflecting increasing appetite among investors for exposure to alternative SME credit. The company said demand for non-dilutive funding among online merchants continues to increase, particularly in the United States.
Recent months have seen Wayflyer expand its operational footprint in North America. The company has strengthened its presence in New York City and established a new U.S. hub in Charlotte, North Carolina, signalling its long-term commitment to the region and its ambition to capture further growth across the continent.
Wayflyer CEO and co-founder Aidan Corbett said, “Closing this facility with ATLAS is a strong vote of confidence in Wayflyer’s model and performance. Scaling responsibly alongside leading global financial institutions enhances our ability to provide fast, flexible capital to more founders, helping businesses invest in growth, and navigate volatility with greater confidence,” he added.
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