Earlypay (ASX:EPY) has raised funds

Earlypay (ASX:EPY) has raised US$14.5 million to fund a new trade finance product, while the company puts in place a new warehouse facility.

Earlypay provides financing to SME businesses in the form of secured invoice and equipment financing. With a strong pipeline and growing business lending volumes, the company is well placed for substantial growth over current run rate lending volumes, with US$75 million headroom in existing invoice and equipment financing facilities and a new trade/invoice facility.

Oaklins’ team in Australia acted as joint lead manager in this transaction.

Service

Funding, debt advisory & ECM

Parties

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Justin Lewis

Managing Director

Melbourne, Australia
Oaklins Henslow

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Ryan Whitelegg

Managing Director

Melbourne, Australia
Oaklins Henslow

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