Wayflyer Secures $250 Million From Atlas to Fuel Small Business Growth

Wayflyer secured a $250 million, two-year credit facility to support the continued growth of its working capital solution for small businesses that are often underserved by traditional banks.

The company secured the credit facility with ATLAS SP Partners, a warehouse finance and securitized products business majority-owned by Apollo funds, the companies said in a Wednesday (Feb. 18) press release.

Wayflyer will deploy its funding capacity directly to founders leading small businesses, according to the release.

“Closing this facility with ATLAS is a strong vote of confidence in Wayflyer’s model and performance,” Wayflyer CEO and co-founder Aidan Corbett said in the release. “Scaling responsibly alongside leading global financial institutions enhances our ability to provide fast, flexible capital to more founders, helping businesses invest in growth and navigate volatility with greater confidence.”

ATLAS Director Andrew Koepke said in the release: “This partnership underscores our commitment to delivering meaningful financing solutions to our clients.”

Wayflyer, launched in 2020, has deployed over $6 billion in working capital to thousands of businesses around the world and surpassed $100 million in annual revenues, according to the release.

The firm attributes its growth to its diversified institutional funding base and increasing demand for non-dilutive capital among online merchants, per the release.

When Wayflyer marked its fifth anniversary in April, the company said its purpose-built financing options solve one of commerce businesses’ biggest pain points, cash flow, and help these companies grow while allowing founders to retain full ownership.

The company said that over the years, the need for its solutions was driven by economic uncertainty during the pandemic; ongoing issues such as rising customer acquisition costs, fluctuating consumer demands and tighter margins; and the unpredictable costs and cash flow challenges associated with tariffs and supply chain disruptions.

Wayflyer’s solutions include cash advance, term loans and rolling finance.

The company expanded its presence in the United States in October by opening a new hub in Charlotte, North Carolina, that joined the offices Wayflyer already had in New York City.

Also in October, Wayflyer extended beyond eCommerce by launching an innovation fund to finance small- to medium-sized businesses in other sectors, including retail, software-as-a-service, consumer services and healthcare.