Rain, shine, wind or snow, you can count on that online order making its way to your doorstep, and so can billions of others who are expecting packages. The e-commerce industry has rapidly and steadily grown and is still riding the momentum fueled by the pandemic. In fact, online businesses are projected to total $5.4 trillion in sales by the end of 2022. In a market with this much opportunity, Wayflyer wants to help businesses grow and achieve their full potential, so it raised $150 million to expand its reach.
The company provides growing businesses with flexible financing for their inventory or marketing needs as well as analytics-based insights as to how they can improve cash flow, drive sales and optimize their supply chains. Co-led by DST Global and QED Investors, Wayflyer’s Series B funding round brings its valuation to $1.6 billion.
Over the past year, new tech unicorn Wayflyer recorded significant growth. In 2021, the company grew its capital deployments by 900 percent. It also raised a Series A round that it invested in growing its geographic presence and establishing partnerships with platforms like Adobe, Sezzle and eBay UK. Based in Ireland, Wayflyer has most recently expanded its presence in the U.S., Spain and the Netherlands.
Attracted by the city’s bustling fintech scene, Wayflyer announced an office in Atlanta back in June, and today more than 30 of its team members are based here. Having grown its global headcount from 40 to 250 over the past year, Wayflyer is building out its presence even more with its latest round of funding. With five global offices, the company plans to expand farther across the U.S. and Europe and enter into Asian markets as well.
“Since launching in April 2020, Wayflyer has been relentlessly focused on helping our customers drive growth and removing the barriers that limit their potential,” Aidan Corbett, Wayflyer’s CEO, said in a statement. “The founders we work with have incredible ideas and passion for making things happen; they’re constantly striving to break new ground and go further in business and we’re proud to support them and help them reach new heights.”
As the company invests in expanding both its global footprint and its product range with its latest funding round, Wayflyer is on the lookout for new talent for its team. It’s currently hiring several Atlanta-based positions spanning its data, finance, people and sales departments.