Strategic acquisition of 19.9pc of Earlypay Ltd

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Stock Earlypay Ltd (EPY.ASX)
Release Time 23 May 2025, 9:29 a.m.
Price Sensitive Yes
 Solvar acquires 19.9% stake in Earlypay Ltd
Key Points
  • Solvar acquires 19.9% stake in Earlypay Ltd, a provider of working capital finance to Australian SMEs
  • Investment aligns with Solvar's strategy to provide funding solutions to underserviced markets
  • Earlypay's equipment finance and invoice finance products assist SMEs with growth and cash flow management
Full Summary

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. Earlypay's equipment finance assists SMEs with new equipment to grow their business, while its invoice finance helps SMEs bridge the cash flow 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 large commercial markets. The acquisition was approved by Solvar's Board of Directors.