Wayflyer to focus on profitability after renewal of $300m debt deal

Flexible funding firm to double down on US activities which makes up 60per cent of its profit

Wayflyer co-founders Jack Pierse and Aidan Corbett. Picture: Getty

Wayflyer has no intention of seeking further financing in the near term and is instead focused on achieving profitability, its chief executive has said after it renewed its $300 million (€278 million) debt financing with JP Morgan.

Speaking to the Business Post, Aidan Corbett, who co-founded the business with Jack Pierse in 2019, also said the company was doubling down on its activities in the US, which accounts for approximately 60 per cent of its ...