EarlyPay has acquired Timelio
EarlyPay Limited (ASX:EPY) has acquired select assets of Timelio.
Earlypay offers financial solutions to businesses in Australia. It operates through invoice finance, equipment finance and other services segments. The acquisition, whilst small, is strategically important for Earlypay as it provides a high-quality portfolio – many of the customers joined Timelio through its acquisition of the Bendigo Bank invoice finance portfolio in 2022 – and increases Earlypay’s presence in Victoria. Additionally, the acquisition is expected to be EPS accretive in addition to providing a range of other strategic benefits.
Timelio is a Melbourne-based fintech that specializes in P2P invoice and trade financing for SMEs in Australia.
Oaklins’ team in Australia acted as corporate advisor to to Earlypay (ASX:EPY) on the signing of a binding agreement to acquire select assets of Timelio.
Talk to the deal team
Fidelius receives a significant investment by Söderberg & Partners
Fidelius Ltd, an independent financial services group, has received a significant investment by Söderberg & Partners, one of the Nordic region’s leading financial advisors.Learn more
Fundación WWB has acquired the minority shareholders’ stake in Banco W
Fundación WWB Colombia has acquired the minority shareholders’ stake in Banco W, becoming the owner of 100% of the bank’s shares.Learn more
Banca Transilvania has attracted capital from investors in its first ESG bond issue
Banca Transilvania has attracted €500m (US$539m) through a bond issue on November 29, with investors placing orders amounting to over €1,650m (US$1,779m). 90% of the total issue was subscribed by international investors from 21 countries. The issue was oversubscribed in just a few hours, allowing the interest rate to fall from 7.75% at the start of the order placement to 7.25% at the end. It is the first bond issue with an ESG label, with a social component (minimum 50%) and a green element.Learn more