The funding is made up of $200m in debt and a $53m mezzanine facility and comes after it struck a $300m debt financing deal with JP Morgan in May.Wayflyer offers funding to ecommerce businesses, including early-stage firms and those looking to scale rapidly."Now, more than ever, eCommerce businesses need access to fair, flexible and affordable funding solutions from a trusted and resilient partner," said Wayflyer co-founder and CEO Aidan Corbett.
"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."
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: