Tech

Wayflyer renews debt line, hits $2bn in loans provided

Irish tech unicorn led by Aidan Corbett and Jack Pierse has dished out €1.2bn in loans to ecommerce companies in the last 12 months alone

Aidan Corbett and Jack Pierse, co-founders of Wayflyer

Wayflyer, the Irish tech company that achieved unicorn status last year with a $1 billion+ valuation, has renewed its existing $300 million funding line with JP Morgan.

The news comes as the revenue-based financing and growth platform said it has now provided $2 billion to online retailers since it was founded in 2019. Some 60 per cent of the financing - equivalent to €1.2 billion - was deployed in the last 12 months alone.

Wayflyer ...