Giving eCommerce businesses access to the funding they deserve
When we founded Wayflyer, our goal was to help eCommerce businesses grow and break through the barriers they face as they scale.
The first step in our mission was to create a funding solution tailored to eCommerce so that our services offered something better than what was already available. We've worked tirelessly over the last two years to achieve this goal. To create a solution that’s simple, fast, and flexible.
We’re proud to have already provided hundreds of millions of dollars in funding to brilliant eCommerce businesses. But we’re always striving to find ways to better support remarkable founders that are building high-growth brands.
The next step in our mission has been to make this funding available at even more incredible rates.
Well-established, traditional companies can get access to funding at extremely low rates from large financial institutions. But this has never been available to eCommerce businesses. The core of our mission has always been to offer our customers better terms so they may grow more effectively but do that at incredibly attractive rates. Today, we take that next step in our journey.
Wayflyer has successfully secured a $300m credit facility from J.P. Morgan, a world-leading bank.
The agreement changes nothing about the way we do business, but by casting our net more widely, we can reduce our cost of capital. In real terms, this means better rates for customers and more flexibility on our funding terms.