In September 2023, Wayflyer announced a deal with US investment management firm Neuberger Berman that would see it fund and purchase $1 billion (€.89 billion) worth of loans from the Irish e-commerce lending company. Fast forward to 2026 and the deal is the subject of year-long legal proceedings that are coming to a close after reaching a settlement. Neuberger Berman, in a lawsuit filed in New York last year, accused Wayflyer of selling it loans that did not meet the eligibility criteria set out in the parties’ agreement. It further accused the Irish company of failing to provide underwriting and…

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