Wayflyer, the revenue-based financing and growth platform for eCommerce businesses, says it has secured $300m in debt financing from J.P. Morgan, with Neuberger Bermann acting as a mezzanine provider.

Wayflyer completed its Series B funding round in February 2022, when $150m was raised.

The capital raise, co-led by DST Global and QED Investors, with J.P. Morgan as a participant, valued Wayflyer at over $1 billion.

Aidan Corbett, Wayflyer CEO, commented: “With eCommerce revenues set to hit $5.4 trillion in 2022, the need for competitively priced funding solutions is greater than ever.

“The $300m debt financing we’ve secured and partly deployed from J.P. Morgan will help us seize this opportunity, and enable us to offer the most competitive rates in the market to more effectively help ambitious eCommerce businesses realise their growth potential.”

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Stuart Roberts at J.P. Morgan stated: “We’ve focused on ways to continually support our eCommerce clients in their trade and working capital needs.

“With Wayflyer we’re able to provide structured lending and help our eCommerce clients build credentials within this asset class.

“This will be one of many innovations within eCommerce structured lending from J.P. Morgan as we look to innovate within the industry and extend capital to our clients as they face high growth rates and require reliable capital to meet that demand.”

Founded in September 2019, Wayflyer provides a range of financing and analytics solutions that improve cash flow, drive sales and optimise supply chains for online vendors.

Wayflyer’s free analytics platform analyses marketing performance on a daily basis.