Wayflyer secures $300m in debt financing

JP Morgan, who participated in a recent $150m raise for Wayflyer, is providing financing with Neuberger Bermann acting as a mezzanine provider

Jack Pierse and Aidan Corbett founded the tech unicorn Wayflyer in 2019. Picture: Naoise Culhane

Irish tech unicorn Wayflyer has secured $300 million (€288 million) in debt financing from JP Morgan just months after closing a $150 million funding round that valued it at $1.6 billion.

The company said it had already begun deploying the financing. It said the debt facility would help it increase market share. The funds also reduced Wayflyer’s cost of capital, allowing it to offer more competitive rates to customers.

Wayflyer, which last week completed its ...