Strategic acquisition of 19.9pc of Earlypay Ltd

• Solvar acquires 19.9% stake in Earlypay Ltd
• Earlypay provides working capital finance to Australian SMEs
• Investment aligns with Solvar's strategy to provide funding solutions to underserviced markets

Solvar Limited (ASX: 'SVR' or 'Solvar' or 'the Group'), the leading provider of automotive finance, has acquired a 19.9% stake in Earlypay Limited (ASX: 'EPY'). Earlypay is a provider of working capital finance to Australian SMEs, offering equipment finance and invoice finance products. The equipment finance assists SMEs with new equipment to grow their business, while the invoice finance helps SMEs bridge the cashflow gap between issuing invoices and receiving payment from customers by providing early payment of unpaid invoices. Solvar's Chairman, Mr Stuart Robertson, stated that the investment in Earlypay is consistent with the Group's strategy to provide funding solutions to underserviced markets, and it provides the Group exposure to adjacent underserviced, large commercial markets.