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Wayflyer, the revenue-based financing and growth platform for e-commerce businesses, has secured a $200 million (plus a $53 million mezzanine) debt financing facility from Credit Suisse.

The extra financing facility will be used by Wayflyer to support other origination, allowing it to quickly give capital to e-commerce companies and assist them to spur growth, enhancing cash flow, and increasing sales. It will also enable Wayflyer to increase liquidity and support its goal of giving its customers in the US and Western Europe the most affordable fares.

Wayflyer is pleased with its solid business strategy, methodical underwriting approach, and status as a premier partner to some of the biggest financiers in the world. A $300 million financing line with J.P. Morgan was also approved by Wayflyer earlier this year.

Wayflyer specializes in providing funding for e-commerce companies, assisting them in resolving crucial working cash issues that might limit growth. By enhancing cash flow, its clients are better able to take advantage of opportunities, such as buying more stock, adding personnel, or just boosting their company’s profitability and durability.

“Now, more than ever, eCommerce businesses need access to fair, flexible and affordable funding solutions from a trusted and resilient partner. At a practical level, this deal helps support our objective to offer the fairest terms and the best rates to our customers while advancing Wayflyer’s unwavering commitment to being a trusted partner, irrespective of the impact of wider economic conditions on the market.”
                                                                    Aidan Corbett, Co-Founder and CEO, Wayflyer.

The e-commerce growth platform, Wayflyer had announced the appointment of Rebecca Weizenecker as Head of US Sales. Rebecca joined Atlanta-based invoice payment FinTech, Now, where she was Vice President of Sales and Marketing.

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