Wayflyer, the financing and growth platform for e-commerce businesses, has announced its expansion into four additional European markets.
The company now offers e-commerce businesses in Germany, Sweden, Belgium, and Denmark access to funding aimed to help them scale, improve cashflow, and drive sales, Wayflyer said.
The expansion announcement follows the company’s completion of a $150 million Series B fundraise in February this year, and recent debt financing deals with Credit Suisse and J.P. Morgan totalling $553 million.
Aidan Corbett, co-founder and chief executive of Wayflyer, commented: “Amidst more challenging markets globally this year, the need among e-commerce businesses for flexible funding solutions from a resilient partner has never been greater.”
He continued: “Germany, Sweden, Belgium and Denmark are all markets that have seen e-commerce sector booms over the past few years, and we’re excited to be in a position to offer our current products and services to new customers there.”
He concluded: “Our decision to continue expansion into these markets is only made possible by our world-class underwriting capabilities and focus on sustainable growth.”
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