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About Wayflyer
Industries
Data & Analytics
Fintech
Financial Services
Company Size
201-500
Company Stage
N/A
Total Funding
$229.8M
Headquarters
Dublin, Ireland
Founded
2019
Overview
Wayflyer provides growth financing specifically for eCommerce companies, helping them to overcome financial challenges and reach their full potential. The company analyzes data from clients' online stores to create customized funding solutions, allowing businesses to expand without sacrificing equity. By securely connecting to clients' platforms, Wayflyer can assess their performance and deliver funding options within 24 hours. Their primary focus is on revenue-based financing, which enables eCommerce businesses to efficiently fund their inventory and marketing efforts. Unlike many traditional lenders, Wayflyer aims to support eCommerce companies in their growth journey, with the goal of helping them evolve into global brands.
Simplify's Take
What believers are saying
- Wayflyer achieved monthly profitability in October 2023, indicating strong financial health.
- The U.S. market shows increased demand for Wayflyer's eCommerce financing solutions.
- Wayflyer's $1 billion deal with Neuberger Berman fuels growth and funding capabilities.
What critics are saying
- Increased competition from fintech startups may erode Wayflyer's market share.
- Expansion into wholesale financing could expose Wayflyer to higher credit risk.
- Reliance on the U.S. market poses risks if economic conditions worsen or regulations change.
What makes Wayflyer unique
- Wayflyer offers revenue-based financing, avoiding equity dilution for eCommerce businesses.
- The company provides tailored funding solutions by analyzing store data with bank-level security.
- Wayflyer's new Wholesale Financing product expands its reach to brick-and-mortar retail channels.
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Funding
Total Funding
$229.8M
Above
Industry Average
Funded Over
5 Rounds
Benefits
Equity scheme
Remote Work Options
Flexible Work Hours
Employee Assistance Programme
Health Insurance
Life Insurance
Support for Continuous Professional Development (CPD)
Parental Leave
Growth & Insights and Company News
6 month growth
↑ 2%1 year growth
↑ 0%2 year growth
↑ 0%Wayflyer, the leading financing company for consumer brands, today announced the appointment of Victor Tuson Palau, as its first Chief Technology Officer. The hire underscores Wayflyer’s investment in the development of a world-class engineering function to support the business in its next phase of growth.“From application to funding, technology underpins a seamless experience for our customers,” said Aidan Corbett, CEO & Founder of Wayflyer. “I’m delighted to welcome Victor to the business. He brings a wealth of technical and leadership expertise supporting high-growth startups. I look forward to working closely with him as we rapidly expand operations and evolve into a true multi-product business.”Victor joins the business from investment platform, Bitpanda, where he led the 250-strong product and technology functions through international expansion. In a career spanning over two decades, Victor has also held a number of senior leadership positions at Ebury, Bitnami and Canonical
Wayflyer, the leading financing company for consumer brands, today announced the appointment of Victor Tuson Palau, as its first Chief Technology Officer.
Why it is in the news: Achieving four-digit annual growth over multiple years, fintech firm Wayflyer has been recognised as Ireland's fastest-growing technology company in the 2024 Deloitte Fast 50 awards.
Amidst a rapidly evolving technology landscape, Irish technology companies have demonstrated their power in solutions that have not only pushed the boundaries of innovation but also cemented their position as key players on the global stage. Irish tech companies raised €1.9 billion in 2023, thus positioning the country among the top 10 countries that raised the most. As these deals unfolded, they not only reflected the resilience and adaptability of the Irish tech sector but also hinted at promising future developments that will shape the industry for years to come
Cash advance platform Wayflyer unveils new Wholesale Financing product.
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About Wayflyer
Industries
Data & Analytics
Fintech
Financial Services
Company Size
201-500
Company Stage
N/A
Total Funding
$229.8M
Headquarters
Dublin, Ireland
Founded
2019
Wayflyer is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today