28.06.2021

Earlypay (ASX:EPY) raise $18.9m to fund new Trade Finance product

Henslow is pleased to have acted as Joint Lead Manager to the $18.9m placement for Earlypay. The raise was completed at an issue price of $0.42 per share to new and existing institutional and professional investors. Capital raised will be used to fund a new Trade Finance product while the company puts in place a new warehouse facility. Trade Finance is provided in conjunction with Earlypay’s core Invoice Finance product and offered to new and existing SME clients.

Earlypay provides finance to SME businesses in the form of secured invoice financing 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 $100m headroom in existing Invoice and Equipment financing facilities and a new Trade/Invoice facility.

The Henslow team has helped Earlypay raise over $100m through multiple funding rounds and numerous acquisitions. We have been Earlypay’s lead corporate and strategic advisor for over seven years, continually looking for the next opportunity to grow. Whatever is needed to expand the business, now with over $2.0bn of funding traded annually through their platform, Henslow finds a fit-for-purpose strategy, as their trusted finance partner..

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