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.
Talk to the deal team
Related deals
SulAmérica and Rede D’Or São Luiz have announced a combination
SulAmérica (B3:SULA11), a leading insurance company in Brazil, has announced a combination with Rede D’Or São Luiz S.A. (B3:RDOR3), the largest Brazilian hospital network. The companies had a combined market value of approximately US$21 billion on 18 February 2022.
Learn moreFrenkel Topping has completed the placing of new shares
Frenkel Topping has raised funds to continue consolidating the highly fragmented professional services marketplace in this niche sector.
Learn moreLondon & Capital has sold a majority stake to Lovell Minnick Partners
The Freedman family has sold a majority stake in London & Capital Group Limited to Lovell Minnick Partners. As part of the transaction, London & Capital’s management team will continue to run the business and retain a significant minority stake.
Learn more