- Source: Wayflyer
Wayflyer is an Irish non-bank lender and inventory finance company which was founded in 2019 in Dublin, Ireland. It provides finance through invoice discounting and factoring with a focus on revenue-based financing. The company lends mainly to e-commerce and technology based companies which generate income from advertising and non-recurring revenue streams.
As of November 2024, it has offices in Dublin, London, New York and Sydney.
History
Wayflyer was established by Jack Pierse and Aidan Corbett in 2019 to provide alternative financing to technology companies. In May 2021, Wayflyer initially raised $76m in a Series A funding round lead by Left Lane Capital. In February 2022, it was announced that Wayflyer had raised $150m in a Series B funding round lead by DST Global. At that point Wayflyer was said to have become one of Ireland's few Unicorns.
In May 2022 Wayflyer, agreed a $300m debt funding round with JP Morgan while later in September 2022, it agreed a $253m debt funding round from Credit Suisse.
In September 2022, Wayflyer was said to have approximately 1,500 clients globally and had provided over €1 billion of loans since its inception. In 2023, the company recorded a €62.5m of revenue up from €36.33m in 2022.
In 2024, Wayflyer expanded into financing of wholesalers for the first time and in November 2024 it was announced that it was Ireland's fastest growing tech company.
See also
Intercom, Inc.
Stripe, Inc.
Workhuman
External links
Official website