
Wayflyer
Founded Year
2019Stage
Incubator/Accelerator | AliveTotal Raised
$2.189BMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+82 points in the past 30 days
About Wayflyer
Wayflyer operates as a financial services company focusing on providing funding solutions for electronic commerce businesses. The company offers financing options, including working capital, inventory funding, and growth capital. It primarily serves the eCommerce sector, supporting brands that sell products through online and retail channels. The company was founded in 2019 and is based in Dublin 2, Ireland.
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ESPs containing Wayflyer
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The revenue-based financing platforms market offers an innovative approach to funding for businesses seeking capital without traditional equity or debt financing and instead exchange a percentage of their future revenues. This arrangement enables entrepreneurs to access growth capital without diluting ownership or incurring fixed interest payments. These platforms use advanced algorithms and data …
Wayflyer named as Leader among 15 other companies, including Clearco, Capchase, and Pipe.
Wayflyer's Products & Differentiators
MCA
Merchant Cash Advances is the flexible funding we provide our customers to work within their budget and ensure the money we provide is working for them at all times, not sitting around doing nothing. We receive a percentage of daily sales to pay us back within a specified time limit and a fee on top of it for the company.
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Research containing Wayflyer
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Wayflyer in 4 CB Insights research briefs, most recently on Mar 22, 2022.

Expert Collections containing Wayflyer
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Wayflyer is included in 3 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
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Digital Lending
2,334 items
This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.
Fintech 100
249 items
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
Latest Wayflyer News
Dec 20, 2024
Image: © Radha Rani/Stock.adobe.com As the year draws to a close, it’s time to reflect on some of the greatest accomplishments from across the science and technology sectors. It’s been quite the year for the sci-tech industry, from the ups and downs that came with AI model launches (remember when Google suggested putting glue on a pizza ?) to a major Crowdstrike outage that resulted in the ‘blue screen of death’ for millions of operating systems. But for many within the sci-tech sector, it has also been a year for celebration. This year saw both fresh-faced founders and industry veterans honoured with a variety of prestigious awards throughout the year. While we couldn’t hope to cover every single one, we decided to bring you the highlights with a list of 10 impressive award winners, along with a few honourable mentions to the companies that also had a chance to shine. Seán O’Sullivan Kicking off 2024 was an annual highlight for Ireland with the BT Young Scientist and Technology Exhibition. As we head into the 25th anniversary of BT being the custodian of the event, the 2024 winner Seán O’Sullivan was a must-mention. The 17-year-old student took home the top prize for his highly topical project, VerifyMe: A New Approach to Authorship Attribution in the Post-ChatGPT Era. This project was inspired by the emergence of OpenAI’s ChatGPT AI bot and the challenges of sorting real from fake content in the context of the sophisticated communication capabilities of large language models (LLMs). Dr Alessandra Sala Esteemed AI expert Dr Alessandra Sala is the senior director of AI and data science in Shutterstock and has been dedicated to bridging the gap between innovation and real-world applications over her career of more than 15 years. Therefore, it’s no wonder that she received the Grace Hopper Award at this year’s Diversity in Tech Awards. Sala is the global president of Women in AI, working with a strong community of women to foster diversity, inclusion and equality for women and minorities while encouraging a global ethical approach in AI. Geoffrey Hinton In April of this year, Geoffrey Hinton, a renowned pioneer of AI research, was awarded the Ulysses Medal by University College Dublin (UCD) for his contributions to society. Hinton’s research paved the way for the rise of generative AI, as these techniques allow models like ChatGPT to be trained on massive amounts of data to interpret prompts and generate responses. He is known as the godfather of AI for his work in these fields and was awarded the highest honour UCD can bestow for his various achievements. Shorla Oncology founders Sharon Cunningham and Orlaith Ryan gone from strength to strength with their pharma company Shorla Oncology. Headquartered in Clonmel, Co Tipperary, Shorla Oncology was founded in 2018 to develop and commercialise innovative oncology drugs for orphan and paediatric cancers. Having raised $35m in a Series B funding round last year, the founders went on to be named the named the 2024 EY Entrepreneurs of the Year . Cunningham and Ryan were also named as winners in the emerging category at this year’s ceremony. Dr Eamonn Keogh and John Hartnett As both of these men won the Science Foundation Ireland annual St Patrick’s Day medal this year , we’re counting them as one entry on the list. The award is given to recognises the awardees’ support in developing the research ecosystem in Ireland and beyond. Keogh is a distinguished professor at the Department of Computer Science in University of California and a global expert in data mining and machine learning. Hartnett is a veteran in the technology industry from Limerick who supports companies as they transition from education and research to start-up. Now based in California, Hartnett also founded the Irish Technology Leadership Group, a network of global Irish technology leaders that fosters links between the US and Ireland. Olivia Humphreys The University of Limerick graduate won the prestigious award for her product Athena – a mobile scalp-cooling invention for patients undergoing chemotherapy. The idea for Athena came as Humphreys witnessed her mother’s struggle with cancer in 2019. Cooling the blood vessels in the scalp can limit blood flow to the area. However, the treatment is expensive and sparsely available in Ireland. Avi Wigderson This year’s winner of the ACM AM Turing Award – also known as the ‘Nobel Prize of computing’ – was awarded to Avi Wigderson for helping to reshape our understanding of the role of randomness in computation. His landmark work in this area revolutionised our understanding of randomness in both computer science and mathematics and has been key to the development of several advancements in computing, from cloud networks to cryptography methods. As well as his groundbreaking contributions to computing, Wigderson is recognised as a mentor and colleague who has advised many young researchers. Evanna Winters The Mary Mulvihill Award is given out in honour of the late science journalist and author Mary Mulvihill. The award was established to encourage third-level students to embrace science communication and foster their creativity. This year’s awardee was Mayo native Evanna Winters, who wrote an illustrated essay on the theme of intelligence, entitled ‘A Walk in the Woods’. Her work explored the subterranean fungal network that extends beneath the forest floor and how this extensive system exhibits a vital form of interconnectivity and communication, challenging our conventional understanding of intelligence. Prof Colm Mulcahy As part of Maths Week in October, Prof Colm Mulcahy became this year’s recipient of the Maths Week Ireland Award for his contribution to raising public awareness of maths. The internationally recognised mathematician is a professor emeritus of mathematics at Spelman College in Atlanta, Georgia, where he has lectured for more than 30 years. Over the course of his career, Mulcahy has used innovative ways to educate, including ‘mathemagical’ presentations that blend maths concepts with the fun of puzzles and card tricks – he even goes by CardColm on his own blog . Dr Sheila Donegan of Maths Week Ireland said Mulcahy is a “shining example” of enthusiasm for maths. “His unwavering commitment to making maths relatable and accessible sets him apart,” she said. Heidi Davis Heidi Davis is the co-founder and CEO of Peri, which develops an AI-powered wearable device to help manage perimenopause symptoms. With an academic background in nutrition and molecular medicine, Davis also has extensive experience bringing products from concept to launch. On her win, Davis shared that she is “deeply honoured” to receive this award, particularly as the nominees are selected by founder-peers. 6 company honourable mentions Freundenberg Medical Freudenberg Medical, partners with businesses to offer medical device manufacturing services including catheters, implantable medical devices, drug coating and electrically conductive silicone which protects medical wearables from dirt and water. The company won the title of the 2024 Medtech Company of the Year for “transforming healthcare” through gamified training. Wayflyer Having reached unicorn status in 2022 and landing $1bn in capital last year, Wayflyer has gone from strength to strength. The e-commerce financing start-up, which provides revenue-based funding to start-ups, bagged the top prize at this year’s Deloitte Technology Fast 50 Awards . Alkimii Alkimii, which specialises in B2B software for the hospitality industry was named as the Digital Technology Company of the Year at the annual Technology Ireland Industry Awards. According to the judges, the business demonstrated “a deep understanding of their business domain and competitive landscape”. XOcean XOcean, which uses robots to collect ocean data, has had a really strong year, having scored €30m in a Series B funding round led by Venturewave Capital. The company then went on to win the Innovation of the Year Award at the 50th Business & Finance Awards, in association with KPMG Ireland Fexco Founded in 1981, Fexco was the first to get a foreign exchange license as a non-bank in Ireland. It operates in more than 50 countries and employs more than 2,900 people worldwide. Earlier this year the McCarthy family behind the brand were the recipients of the Tech Person of the Year Award at the 2024 Tech Industry Alliance Leaders Awards and the company also won the Irish Times Innovation of the Year award. Equal1 Last but by no means least is Equal1, a superstar quantum start-up that has had a massive year of success. Don’t miss out on the knowledge you need to succeed. Sign up for the Daily Brief , Silicon Republic’s digest of need-to-know sci-tech news.
Wayflyer Frequently Asked Questions (FAQ)
When was Wayflyer founded?
Wayflyer was founded in 2019.
Where is Wayflyer's headquarters?
Wayflyer's headquarters is located at One Park Place, Hatch Street Upper, Saint Kevin's, Dublin 2.
What is Wayflyer's latest funding round?
Wayflyer's latest funding round is Incubator/Accelerator.
How much did Wayflyer raise?
Wayflyer raised a total of $2.189B.
Who are the investors of Wayflyer?
Investors of Wayflyer include Leading European Tech Scaleups, Neuberger Berman, J.P. Morgan, Credit Suisse, QED Investors and 15 more.
Who are Wayflyer's competitors?
Competitors of Wayflyer include iwoca, Valerian Funds, Viceversa, Flowpay, Ampla and 7 more.
What products does Wayflyer offer?
Wayflyer's products include MCA and 1 more.
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Compare Wayflyer to Competitors

Clearco specializes in providing working capital to the e-commerce sector and focuses on funding invoices and receipts for businesses. The company offers a rapid funding process that allows e-commerce businesses to receive capital in as little as 24 hours without the need for collateral, personal guarantees, or equity dilution. Clearco's services are designed to help e-commerce businesses manage cash flow and invest in growth by funding operational expenses such as inventory, marketing, and logistics. Clearco was formerly known as Clearbanc. It was founded in 2015 and is based in Toronto, Canada.

Pipe provides financial services and specializes in non-dilutive capital solutions for businesses. It offers a modern capital platform that allows entrepreneurs to access funding based on their revenue with payment terms. It primarily serves the financial needs of small to midsize businesses and entrepreneurs seeking growth without equity dilution. It was formerly known as the Third Base Pipe. The company was founded in 2019 and is based in San Francisco, California.

Payability is a fintech company that provides financial solutions for eCommerce sellers. The company provides daily payouts and working capital to assist sellers with their cash flow and business operations. Payability serves Amazon, Walmart, and Newegg sellers, allowing them access to their sales revenue without the necessity for credit checks. It was founded in 2014 and is based in New York, New York.
Ritmo is an online gambling platform that specializes in slot games and operates as an official Slot88 agent. The company offers a variety of gambling services, including daily jackpot slots, live casino games, sports betting, e-games, and lottery, catering to users seeking entertainment and gaming opportunities. It was founded in 2020 and is based in Madrid, Spain.

Velocity is a financial services company focused on providing cash flow based financing solutions to new age businesses in the finance sector. The company offers a suite of financial products including revenue based financing, credit cards, credit lines, and analytics tools designed to empower digital-first businesses with smart capital and growth support. Velocity primarily caters to digital-first businesses, including D2C and eCommerce brands, SaaS companies, Edtech firms, and restaurants seeking flexible growth capital. It was founded in 2020 and is based in Gurgaon, India.

SellersFi focuses on financial solutions for the e-commerce sector. The company offers a range of services, including working capital funding, payment processing, business insurance, and analytics tools designed to support the growth of e-commerce merchants. It caters to a variety of clients within the e-commerce space, including marketplace sellers, direct-to-consumer brands, B2B businesses, and hybrid models. SellersFi was formerly known as SellersFunding. It was founded in 2017 and is based in Weston, Florida.
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