Earlypay (ASX:EPY) has raised funds
June 2021 — 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.
Our role in the transaction
Oaklins’ team in Australia acted as joint lead manager in this transaction.
Talk to the deal team
Related deals
GVS has completed a voluntary partial tender offer for its own shares
GVS S.p.A. has completed a voluntary partial public tender offer for 12.3% of its own share capital.
Learn moreEducbank has been acquired by Cogna
Cogna Educação, through its subsidiary Somos Sistemas de Ensino, has acquired an additional 47% stake in Educbank for approximately US$8.9 million, increasing its ownership from 43% to 90% and consolidating control of the platform. The transaction expands Cogna’s presence beyond its traditional enrollment-driven education business into the financial infrastructure that underpins school tuition collection.
Learn moreRhino, Vantage, Quest and ICPA have been acquired by Odealim
A group of complementary UK-based insurance and professional services businesses, comprising Rhino, Vantage, Quest and ICPA, have been acquired by Odealim, a leading European specialist in insurance brokerage and real estate. The acquisition marks Odealim’s entry into the UK market and expands its offering with specialist insurance products, advisory services and membership-based solutions delivered through digital channels, intermediary schemes and strategic partnerships. Odealim is backed by TA Associates and Ardian.
Learn more