We’re all about partnerships over here at Carro. We believe in the power of working with like-minded people to make something bigger and better - and that’s exactly what we’ve done with our friends at Wayflyer.
Meet Capital Solutions by Carro x Wayflyer, our new revenue-based finance offering.
What makes this Carro x Wayflyer duo so magical?
If you don’t know much about us, we (Carro) connect quality Shopify stores to enable cross-store selling, which is the ability to directly sell each other's products without needing inventory, managing returns, or minimum order quantities. Brands can sell their products on a curated network of thousands of leading storefronts as well as discover new products to retail.
Our friends, Wayflyer, offer affordable, non-dilutive, unsecured capital to eCommerce businesses worldwide. They provide a range of financing and analytics solutions that improve cash flow, drive sales and optimize supply chains.
Wayflyer acts as a growth platform for eCommerce businesses, providing them with a one-stop shop for the working capital needed to thrive.
What is Capital Solutions?
Capital Solutions is a no-frills, fast way to get funding for an eCommerce business. It's unsecured and non-dilutive; most businesses are able to access large amounts of capital (from $10k up to $20m) without giving up any ownership. We, along with Wayflyer, believe that “your business is your business” and don’t require any equity stakes or warrants.
Funding offers are based on several factors, including the businesses’ financial performance and historical marketing performance. The more revenue generated the more funding that will be available to the applicant. We generate multiple funding offers for applicants, which allows them to choose the one that works best for their needs.
Here’s what Cade Proulx, our Head of Partnerships at Carro has to say:
“We’re incredibly excited to offer brands in the Carro network the world-class experience that Wayflyer funding provides. At Carro, our goal is to enable our brands to grow and prosper. As we continue to focus on collaborative commerce, being able to expand and give brands the ability to gain strategic capital injections becomes very exciting.”
Here are the minimum requirements to be eligible for funding:
- Must be an eCommerce business
- Been in business for at least 6 months
- Have at least $20k in average monthly sales
- Incorporated in one of the following countries: United States, Canada, United Kingdom, Australia, New Zealand, Ireland, Spain, The Netherlands, Belgium, Denmark, or Sweden
Businesses can sign up and request funding in less than 5 minutes through the online application portal. Our Capital Solutions team will then be in touch within 24 hours to discuss offers. Once an offer is selected, funds can be in the business’s account within 1-3 days.
If you want to see what funding is available to grow your business, read more and apply here today.