Evaluating Wayflyer for revenue-based financing; concern that its Shopify app requires store integration and is not reviewed by Shopify.
Reported experience: A merchant completed two funding rounds with fast approval and disbursement. Repayments were automated at roughly 15–17% of sales and felt manageable.
Problem encountered: A third application was rejected, with Wayflyer citing “too much exposure.” The merchant states they had no other financing and found the communication rude.
Implications: Decisions appear algorithmic and may change without clear transparency. Seasonal businesses relying on repeat advances (e.g., for BFCM—Black Friday/Cyber Monday) could face sudden denials.
Outcome: No definitive verdict on reliability and no alternative providers suggested. The question about the unreviewed app remains unanswered; discussion is open.
Hi,
Does anyone has an experience with Wayflyer?
Im looking for a revenue based financing option and someone recommended Wayflyer, but it automatically wants to integrate with my Shopify store as an app. But the app hasnt been reviewed by Shopify and it concernes me.
Does anyone used it before? Any other ideas?
Many thanks,
Melinda
I’ve taken two rounds of financing for my Shopify e-com store from Wayflyer.
Each time I was quickly approved and had funds in place, and paid back each with no problem, which is easy, they just take say 15 to 17% of sales so you don’t really feel it.
I was just about to apply a third time, and this time they said there is financing for us, which I was depending on for my seasonal BFCM push, with their answer being that I already have too much exposure, though I’m not sure how they concluded this since I not only didn’t provide any information on my other financing channels, I don’t HAVE any other exposure in the first place, in other words they just flat rejected me and in VERY RUDE FASHION, so the upshot is yes you can get funds from them, but don’t get used to a regular pattern if you are a seasonal business like ours, the algorithm might just decide to reject you for no reason and leave you high and dry like they did me!