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Wayflyer raises $253m in debt finance from Credit Suisse

Wayflyer Co-founders Jack Pierse and Aidan Corbett
Wayflyer Co-founders Jack Pierse and Aidan Corbett

Irish financing firm Wayflyer has secured $253m in debt finance from Credit Suisse to help it to continue its expansion.

The funding is made up of $200m in debt and a $53m mezzanine facility and comes after it struck a $300m debt financing deal with JP Morgan in May.

In February it raised $150m in Series B funding, valuing the firm at $1.6 billion.

Wayflyer offers funding to ecommerce businesses, including early-stage firms and those looking to scale rapidly.

It was founded three years ago and today has customers across Europe and the United States.

"Now, more than ever, eCommerce businesses need access to fair, flexible and affordable funding solutions from a trusted and resilient partner," said Wayflyer co-founder and CEO Aidan Corbett.

"At a practical level, this deal helps support our objective to offer the fairest terms and the best rates to our customers while advancing Wayflyer's unwavering commitment to being a trusted partner, irrespective of the impact of wider economic conditions on the market."