Fortress Investment Group, an independent management firm backed by Mubadala Investment Company, is poised to acquire $2 billion in loans originated by Wayflyer, the Irish fintech unicorn valued at $1.6 billion in 2022. This transaction should enable Wayflyer to strengthen its lending capacity for online merchants, with its core business being revenue-based financing with loans ranging from $5,000 to $20 million. The deal validates the alternative financing model at institutional scale and demonstrates that alternative asset managers are willing to commit multi-billion-dollar sums to non-bank lending platforms. Wayflyer has deployed over $6 billion in financing to more than 7,000 businesses since its founding in 2019.
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