Wayflyer launches Scaler product; opens door to more affordable funding for large eCommerce businesses
Wayflyer , the revenue-based financing and growth platform for eCommerce merchants, has launched a new funding product for large eCommerce businesses, giving them certainty over future cash flow, at affordable rates.
Wayflyer Scaler is a revenue-based funding offering, specifically designed for eCommerce businesses with annual revenues of $20m or more. It provides eCommerce businesses with a maximum funding exposure limit, allowing them to deploy that capital whenever and however they want up to that limit. By providing certainty over the future capital available to these eCommerce businesses, Wayflyer Scaler allows them to plan ahead with greater confidence and take advantage of investment opportunities when they arise.
Scaler is built for eCommerce businesses that need millions in funding on a regular basis, but don’t want to endure painful application processes with traditional banks or provide significant security. The product provides eCommerce businesses with a larger capital pool which they can use as they see fit, be it immediately or as the need arises. Wayflyer will target new prospects with Scaler, alongside offering it to current customers that have achieved high-growth with Wayflyer’s support, and are now operating at a much greater scale. Thanks to its relationship with companies such as J.P. Morgan, and due to its specialist underwriting capabilities, Wayflyer Scaler aims to offer the most affordable rates in the Revenue Based-Finance market. Key Scaler product benefits include: Certainty over the future capital available to eCommerce businesses, with the option to get a maximum limit of up to 2x the business’s monthly revenue
Affordable rates with fully transparent terms and conditions
Fast, simple application processes
Unlike other funding options, there are no undrawn fees, arrangement fees, underwriting or initiation costs
No security or dilution
Aidan Corbett , Wayflyer CEO and Co-Founder commented: “Larger eCommerce businesses benefit from a host of advantages over […]
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