Wayflyer to invest nearly €240m in key target markets
Dublin-based Wayflyer continues to expand at a rapid pace with plans to invest nearly €240 million in three target markets this year.
The company, which provides revenue-based financing and marketing analytics for online businesses, last year raised $76 million in funding and expanded its debt facilities by an additional $100 million.
Founded by Aidan Corbett and Jack Pierse in September 2019, Wayflyer said it intends to provide AUS$100 million (€63.4 million) of funding to businesses in Australia and double its workforce in the region. This is on top of a $100 million (€88 million) investment in both Spain and the Netherlands.
Wayflyer commenced operations in Australia a year ago and moved into the Spanish and Dutch markets in late 2021.
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Source: Wayflyer to invest nearly €240m in key target markets