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Wayflyer.com is breaking down barriers for eCommerce
Since it was founded in 2019, Wayflyer listened to the needs of hundreds of eCommerce businesses and learned about their biggest problems faced!
Wayflyer dedicated their mission to solve eCommerce businesses problems. By providing funding and insights, they are breaking down barriers for eCommerce companies, helping them to grow faster and achieve their potential.
Funding to grow your eCommerce business
Wayflyer platform helps you invest in the areas that will grow your business faster! Get from $10k to $20m in 24 hours to fund your growth needs such as inventory, marketing initiatives, advertising campaigns or technology upgrades and acquisitions.
Wayflyer Funder provides instant capital to spend on your business needs with a fast, flexible and most of all fair procedure.
To get funding from Wayflyer you need to:
- Be an eCommerce company selling products online
- Have been in business for at least 6 months
- Have at least $20,000 in average monthly online revenue
- Be incorporated in the United States, Canada, the United Kingdom, Australia, New Zealand, Ireland, Spain, The Netherlands, Belgium, Denmark, Germany or Sweden.
There are 4 simple steps to get funding from Wayflyer;
- Sign up and create a Wayflyer account
- Securely connect your platforms (shopping, marketing, analytics) and your bank account to Wayflyer. In some scenarios, you will also provide accounting data or additional documentation such as a Purchase Order. These are used to generate tailored offers for your business.
- Verify your business by confidentially providing bank details as well as proof of your identity.
- Select an offer, sign your contract and get funds in your account within 1-3 days (depending on how long it takes your bank to receive the funds)
You can sign up and request funding in less than 5 minutes! Their team will get in touch within 24 hours to discuss your needs ensuring to generate offers tailored to your needs. Once an offer in settled, funds can be in your account within 1-3 days (depending on how long it takes your bank to receive the funds).
How does Wayflyer funding work?
Wayflyer provides funding to eCommerce companies by purchasing a percentage of their future revenue. This means that you will pay back to them a specified percentage of your future sales until Wayflyer receives the total amount it has purchased from you. This means that if your sales slow down, so do the transfers to them. No interest applies to the cash advance you received so you will know the total cost before you accept their offer.
ex. If Wayflyer provides you with a cash advance of $100,000, they will apply a fee which is typically between 2% and 8% of the advance amount but it all depends on your business. If, for the example, the fee was 4% or $4,000, the total amount of your future sales that will be remitted to Wayflyer is $104,000. You will remit an agreed percentage of your daily sales until the amount of $104,000 has been transferred to them.
Why Whyflyer?
One simple fee. No interest rates, penalties, credit checks, or personal guarantees.
Get offers within hours. Quickly generate funding offers in hours. After approval, the money are in your account in 1-2 business days.
Keep ownership. No equity stakes. No warrants. It’s your business and it should stay yours no matter how big it grows.
Flexible repayment. According to your company sales performance — higher when sales are up, lower if things slow down.
Connecting your business
Understanding of how your business operates is one of the most important aspects for Wayflyer and the best way to do that is by connecting to the platforms your ecommerce business operates through Shopify, WooCommerce or Magento. Their system needs read-only access to your data to be able to understand your past marketing and revenue performance, as well as your cash flows.
You can connect your platforms to Wayflyer during the sign up process or by logging in to your Wayflyer account at any time.
To connect to Wayflyer you will need to grant access to 4 types of platforms:
- Your eCommerce platform (e.g., Shopify, WooCommerce, Magento)
- Your marketing platforms (e.g., Facebook, Google Ads)
- Your analytics platforms (e.g., Google Analytics)
- Your bank accounts (if based in the US or UK)
By combining powerful data with their team of marketing experts, you will get a powerful feedback regarding your business. Using the analytics dashboards and 1-1 consultations to get tangible recommendations you will be able to improve your marketing performance and drive more sales.
