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Search resuls for: "Wayflyer"


3 mentions found


When Bartlett and a couple friends pooled $3,000 to launch men's apparel brand True Classic in 2019, he'd never sold clothing before. But the idea behind True Classic, affordable shirts built to flatteringly fit the everyman, seemed to resonate with people. The mistake, he says, nearly put True Classic out of business. Now, finally, True Classic is once again positioned to compete with direct-to-consumer rivals like Everlane and Vuori, and clothing giants like Nike and Ralph Lauren. True Classic spent $40 million on its first inventory order for the year.
Persons: Ryan Bartlett's, Bartlett, he'd, — Nick Ventura, Matthew Winnick —, Ralph Lauren, who'd, should've, couldn't Organizations: CNBC, Nike, Facebook Locations: Los Angeles, Ventura
Statista identified 40 firms as top digital payments companies. While digital payments is often the area that draws most investor buzz, lending generates more money in financial services. Statista identified 25 fintech companies that fall into the category of top alternate lending firms. They include American small business lending firm Biz2Credit, Irish e-commerce lending company Wayflyer, and Latvian loan refinancing startup Mintos. Digital business solutions
Persons: Monzo, there's, Statista, Afterpay, It's, Binance, eToro, Equity crowdfunding, hasn't, Peter Hazlehurst Organizations: JPMorgan —, Orange, Digital, U.S, SEC, European, Education, Equity, Republic, Tech, Federal Reserve, Bank of England, CNBC, Solaris Locations: fintech, Europe, Nigeria, Orange, Africa, Terra, U.S, Cayman Islands, American, Latvian, U.K
DUBLIN, June 14 (Reuters) - Irish fintech Wayflyer has renewed a $300 million debt line with J.P. Morgan (JPM.N), a step it said underscores the security of its finance base as clients focus more on the source of revenue-based lenders' funds after the collapse of Silicon Valley Bank. Corbett declined to disclose the new terms but said that while all debt is now more expensive, the renewed line likely gives Wayflyer the most competitive cost base in the market. Corbett said deteriorating macroeconomic conditions forced it to take a more conservative stance in the second half of the year. Wayflyer cut its workforce by 40% to 300 last November in response, but continues to operate in 12 markets. Wayflyer's revenue is up around 30% year-on-year so far in 2023, Corbett said, with demand in the U.S. "still extremely strong."
Persons: Wayflyer, Morgan, Aidan Corbett, Corbett, Padraic Halpin, Conor Humphries Organizations: DUBLIN, Silicon Valley Bank, Wayflyer, Bank, Reuters, Credit Suisse, Thomson Locations: Silicon, J.P, Europe, U.S
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