Partners of DST Global, QED Investors, Speedinvest and Zinal Growth, the family office of Guillaume Pousaz, also put money in the round. The raise comes just after Wayflyer raised USD 100 million in debt funding to support its cash advance product, and 14 months after the, Ireland-based startup launched its first product.
The company aims to help ecommerce merchants ‘unlock growth’ by giving them access to working capital (from USD 10,000 up to USD 20 million) so they can improve cash flow and drive sales. For example, more cash can help these merchants do things like buy more inventory in bulk so they can meet customer demand and save money.
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