A few alternative theories have been proposed, but none of them have any widespread acceptance.
One alternative is that America is derived from Richard Amerike, a merchant from Bristol, England who is believed to have financed John Cabot's voyage of discovery to Newfoundland in 1497. Waldseemüller's maps appear to incorporate information from the early British journeys to North America. The theory holds that a variant of Amerike's name appeared on an early British map (of which no copies survive) and this was the true inspiration for Waldseemüller. Authors who have written about this theory include Ian Wilson, Peter Macdonald and Rodney Broome.