Which eCommerce funding solution is better: 8fig or Wayflyer?

Both Wayflyer and 8fig are great alternatives to traditional funding sources. eCommerce Funding Comparison takes a closer look at these options to help you choose the best fit to fund your business.

post by:
Michael Goldstein

Company comparison

4.8
 

8fig

Continuous capital for continuous growth

KEY FACTS

  • Free planning tool to map out the exact capital you need to scale.
  • Stay in stock with capital continuously infused to every stage of your supply chain.
  • Receive funding in as little as hours
  • Dynamic repayment cycles that move with your supply chain.
  • Funding eligibility: monthly sales > $8,000 in the last 3 months. 
VS
4.5
 

Wayflyer

The only funding solution where you grow, but our costs don’t.

KEY FACTS

  • Powerful insights into marketing, team advice, and unbiased recommendations.
  • Flexible funding up to $20M. Keep business ownership, and minimize your risk.
  • Instant capital for inventory or marketing.
  • Access to additional additional funding as needed it.
  • Funding eligibility: monthly sales >$20,000.

KEY FACTS

  • Free planning tool to map out the exact capital you need to scale.
  • Stay in stock with capital continuously infused to every stage of your supply chain.
  • Receive funding in as little as hours
  • Dynamic repayment cycles that move with your supply chain.
  • Funding eligibility: monthly sales > $8,000 in the last 3 months. 
  • Powerful insights into marketing, team advice, and unbiased recommendations.
  • Flexible funding up to $20M. Keep business ownership, and minimize your risk.
  • Instant capital for inventory or marketing.
  • Access to additional additional funding as needed it.
  • Funding eligibility: monthly sales >$20,000.

Final Verdict

When it comes to ecommerce funding, two of the most popular options are 8Fig and Wayflyer. Both companies offer merchant cash advances, which provide a lump sum of money in exchange for a percentage of future sales revenue.

So, how do these two funding solutions compare?

For starters, 8Fig offers more flexibility than Wayflyer. 8Fig will fund up to 90% of your supply chain costs, including inventory, freight, shipping, and marketing expenses. Wayflyer, on the other hand, only provides funding for inventory or marketing. Another key difference is eligibility requirements. To qualify for funding from 8Fig, you must have monthly sales of at least $8,000 in the last three months. Wayflyer’s eligibility requirements are more strict, requiring monthly sales of at least $20,000.

So, if you’re looking for a leading ecommerce funding solution that offers more flexibility and easier eligibility requirements, 8Fig is the way to go.