Contact Information

160 Robinson Rd, #14-04
Sit Rd, SBF Center, Singapore 068914

Wayflyer, a name in e-commerce startup financing, recently secured a staggering $1B in capital. The substantial investment comes from Neuberger Berman, an investment management firm.

Established in September 2019 by Aidan Corbett and Jack Pierse, Wayflyer uses data analytics to provide revenue financing to e-commerce merchants. The Ireland-based company’s customers typically borrow between $300,000 to $400,000 for expenses such as inventory and shipping.

  • Key Details about the Deal: The funding setup is rather unique, referred to as an “off-balance sheet program.” This allowed Wayflyer to maintain certain assets and liabilities without reporting them on its balance sheet. The result? A lower debt-to-equity ratio for Wayflyer.
  • Impact on Wayflyer’s Portfolio: Wayflyer had already secured hundreds of millions in credit for its loans and now will buy up to $1B of assets from Neuberger Berman-managed funds.
  • Win-Win Deal: With its off-balance sheet nature, this arrangement ensures that Wayflyer’s terms are not just good but advantageous.
  • Predictive Capabilities: Wayflyer uses various data sources (Shopify, Woocommerce, TrustPilot, Google Analytics, etc.) to predict potential financing issues for a merchant.
  • Wayflyer’s Growth: Since its inception, Wayflyer has seen rapid growth, boasting over 3,000 customers and surpassing $2B in deployed loans. Over 80% of customers return for additional financing.
  • Future of E-commerce: Experts like Morgan Stanley predict a rapid increase in the e-commerce sector, potentially reaching $5.4T in 2026, up from $3.3T today.

Although not yet profitable, Wayflyer plans to use the $1B funds to fuel its growth, particularly in the U.S.

client banner image


Leave a Reply

Your email address will not be published. Required fields are marked *