When it is not possible to connect your bank account or when your connected bank account does not provide sufficient history, we ask for bank statements instead.
Wayflyer will clarify for which period we require bank statements to progress with your funding application.
We use your banking statements to review your company’s cash flow. We use this to cross-reference data from your eCommerce platforms, and tailor your offers based on your current and forecasted revenue.
Your bank balance and transactions also form part of our anti-money laundering process.
Your data is secured in encrypted databases. View our privacy notice to learn more.