Apollo-Backed Fund Lends Wayflyer $250 Million to Finance SMEs

An Apollo Global Management Inc.-backed fund has loaned an Irish fintech unicorn $250 million that will allow it to lend to small businesses looking for capital.

Financing platform Wayflyer secured the two-year credit facility from ATLAS SP Partners, a warehouse finance and securitized product business backed by Apollo, according to a statement from the company. The funding will be deployed directly to founders.