Prosus Ventures invested in the e-commerce finance provider at a $1.6bn valuation, increasing its overall funding to over $236m.

Wayflyer, the Ireland-based operator of an online financing platform for e-commerce brands, raised $150m yesterday in a series B round featuring internet group Prosus at a post-money valuation of $1.6bn.

The round was co-led by DST Global and QED Investors, while investment bank JP Morgan, Left Lane Capital, Madrone Capital Partners and private investor Guillaume Pousaz also took part. Prosus participated through its corporate venturing unit, Prosus Ventures.

Founded in early 2020, Wayflyer has developed a product that provides non-dilutive…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.