The three-year agreement gives Fortress access to Wayflyer-originated assets and lifts the fintech’s total funding capacity to as much as $4.5 billion over the next 24 months.
Wayflyer said funds managed by affiliates of Fortress Investment Group will buy up to $1.5 billion of assets originated through its platform under a three-year forward-flow agreement, replacing earlier reports that Fortress was set to acquire $2 billion of Wayflyer loans. The arrangement is designed to give the Dublin-based working-capital provider a more efficient funding structure as it expands lending to small businesses. Wayflyer said the deal raises its total funding capacity and positions it to deploy up to $4.5 billion in capital to small businesses over the next 24 months. The company said the structure allows it to originate loans and transfer eligible receivables to committed institutional buyers, helping it recycle capital faster and reduce the need to warehouse assets on its own balance sheet. The agreement follows a $250 million credit facility with ATLAS SP Partners announced in the first quarter. Since launching in 2020, Wayflyer said it has deployed more than $6 billion in working capital to thousands of brands worldwide. Fortress said the transaction fits its focus on asset-backed credit and gives it access to a scaled, data-driven origination channel with what it described as strong credit performance.