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Fortress Buys $1.5B Wayflyer Loans

Bloomberg Markets •
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Fortress Investment Group has agreed to buy as much as $1.5 billion of loans originated by fintech unicorn Wayflyer to underpin the Irish finance platform's growth.

The deal provides Wayflyer with substantial capital to expand its revenue-based financing model for e-commerce businesses. Fortress Investment Group, a global investment manager, will purchase the loan portfolio over time as Wayflyer originates new advances to merchants.

This partnership highlights the growing institutional appetite for fintech lending assets. Wayflyer, valued at over $1.6 billion in its last funding round, has deployed more than $2 billion to thousands of online sellers since its 2019 launch. The $1.5 billion forward-flow agreement ensures predictable funding capacity as the company scales across Europe and North America.