Wayflyer
 | |
| Type | Private company |
|---|---|
| Industry | Banking Commercial finance |
| Founded | 2019 |
| Founders |
|
| Headquarters | Dublin, Ireland |
| Key people |
|
| Revenue | €95.2m (2024)[1] |
Number of employees | 300+ (2026)[2] |
| Website | wayflyer |
Wayflyer is an Irish financial technology company that provides financing to small and medium-sized businesses. It was founded in 2019 in Dublin, Ireland by Aidan Corbett and Jack Pierse[2][3] and since then has deployed $7 billion to 7,000 brands in the US, Canada, UK, Ireland, Spain, Germany, Belgium, the Netherlands, Sweden, Denmark and Australia.[4] Its offerings include term loans, merchant cash advances, revenue-based remittances, rolling financing and flexible funding limits.[5][6] Wayflyer lends mainly to e-commerce, wholesalers, retail, software and services companies.[4]
As of September 2026, it has offices in Dublin, London, New York, Charlotte[7] and Sydney.
History
[edit]Wayflyer was established by Jack Pierse and Aidan Corbett in 2019 to provide alternative financing to e-commerce companies.[8] The company was initially incubated within Conjura, a Dublin-based e-commerce analytics company, before becoming a standalone business.[9] It made its first cash advance in 2020 and launched in the United States the same year.[2] In May 2021, Wayflyer raised $76m in a Series A funding round led by Left Lane Capital.[10][8] In February 2022, it was announced that Wayflyer had raised $150m in a Series B funding round led by DST Global.[11] 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.[12][13][14]
In September 2022, Wayflyer was said to have approximately 1,500 clients globally and had provided over €1 billion of loans since its inception.[15] In 2023, the company introduced a self-serve financing option[2] and recorded €62.5m of revenue, up from €36.33m in 2022.[16][17]
In 2024, Wayflyer launched financing for Amazon sellers and wholesalers,[2] and in November 2024 it was named Ireland's fastest growing technology company in Deloitte's annual ranking.[18][19]
In 2025, the company broadened its focus from e-commerce to small businesses across other industries.[2] and opened a United States hub in Charlotte, North Carolina.[7][20] In December 2025, Wayflyer reported a €48m loss for the financial year 2024 along with an increase in revenues of 50% to reach €95.2 million.[1]
In June 2026, Wayflyer acquired Conjura, the AI-driven e-commerce analytics platform.[9] In July 2026, Wayflyer agreed a $1.5 billion "forward flow" arrangement with Fortress Investment Group, under which Fortress acquires loans originated by Wayflyer and collects repayments from borrowers, over a three-year period. The deal followed a $250 million two-year credit facility with Atlas Partners, a warehouse finance firm majority-owned by funds of Apollo Global Management. Wayflyer said the combined facilities gave it capacity to deploy up to $4.5 billion to small businesses over the following two years.[21]
See also
[edit]External links
[edit]References
[edit]- 1 2 Carey, Brian (20 December 2025). "Wayflyer keeps feet on the ground after big loss". www.thetimes.com. Retrieved 13 March 2026.
- 1 2 3 4 5 6 "About Us". Wayflyer. Retrieved 14 September 2026.
- ↑ "Wayflyer beefs up team as it targets further global growth". The Irish Times. Retrieved 14 September 2026.
- 1 2 "Wayflyer: Business Financing, Built for Growth". Wayflyer. Retrieved 14 September 2026.
- ↑ "Financing Options – Our Products". Wayflyer. Retrieved 14 September 2026.
- ↑ Corbett, Aidan (28 July 2026). "The funding account that keeps up with your business". Wayflyer. Retrieved 14 September 2026.
- 1 2 "Wayflyer announces U.S. expansion with new Charlotte N.C. hub" (Press release). Wayflyer. 23 October 2025. Retrieved 14 September 2026.
- 1 2 Azevedo, Mary Ann (27 May 2021). "Wayflyer raises $76M to provide 'revenue-based' financing to e-commerce merchants". TechCrunch. Retrieved 16 December 2022.
- 1 2 "Wayflyer acquires Conjura to accelerate its AI product offering for small businesses" (Press release). Wayflyer. 19 June 2026. Retrieved 14 September 2026.
- ↑ "VC Daily: VC Life: New Firm, New City". Wall Street Journal. 2 February 2022. Retrieved 16 December 2024.
- ↑ Gain, Vish (1 February 2022). "Wayflyer flies way past $1bn valuation to become Ireland's latest unicorn". Silicon Republic. Retrieved 16 December 2022.
- ↑ "Wayflyer Raises $253m from Credit Suisse in Latest Funding Round". businessplus.ie. 1 September 2022. Retrieved 16 December 2022.
- ↑ Lunden, Ingrid (1 February 2022). "Wayflyer raises $150M on a $1.6B valuation for a new spin on providing loans to e-commerce merchants". TechCrunch. Retrieved 16 December 2022.
- ↑ Halpin, Padraic (12 May 2022). "Wayflyer to fund rapid growth with $300 mln J.P. Morgan debt line". Reuters. Retrieved 16 December 2022.
- ↑ "Wayflyer social media commercial whips up a storm". 8 September 2022. Retrieved 1 June 2023.
- ↑ "Irish tech 'unicorn' Wayflyer records €77.34m loss". www.rte.ie. 11 December 2023. Retrieved 29 November 2024.
- ↑ "Wayflyer losses increase more than threefold amid Irish tech firm's expansion". Irish Independent. 11 December 2023. Retrieved 29 November 2024.
- ↑ "Wayflyer eyes profitability as turnover soars and losses halve amid strategic expansion". www.businesspost.ie. Retrieved 25 November 2024.
- ↑ "Wayflyer named as fastest-growing technology company in Deloitte's annual ranking". The Irish Times. Retrieved 29 November 2024.
- ↑ "Wayflyer Launches Innovation Fund to Pilot Financing Small Businesses Beyond Initial eCommerce Focus" (Press release). Business Wire. 30 October 2025. Retrieved 14 September 2026.
- ↑ Curran, Ian (30 July 2026). "Wayflyer agrees $1.5bn 'forward flow' loan deal with US giant Fortress". The Irish Times. Retrieved 14 September 2026.