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Earlypay

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Australian financial technology company
Earlypay
Earlypay corporate logo
Company typePublic
Traded asASX: EPY
IndustryFinancial services
FoundedSydney, Australia (2001)
HeadquartersSydney, Australia
Key peopleJames Beeson, CEO

Earlypay is an Australian company listed on the Australian Stock Exchange. Earlypay provides business finance to Australian small to medium size businesses.

History

The business was founded by Daniel Riley and his father, Greg Riley, in 2001. Initially established as a labour hire business, the organisation translated to a finance provider for labour hire businesses as well as other sectors. Formerly, known as CML Group Limited, the business re-branded to Earlypay in November 2020. Earlypay provides business finance Australia-wide including Invoice Finance, Asset and Equipment Finance, and Foreign Exchange Payments and risk management.

In June 2022, Earlypay launched Earlypay Business Finance and Lending Training and Development Scholarship Program for finance professionals in partnership with Accendo Financial. Comprising an 11-week business finance and lending course, part of the program attracts CPD points with industry bodies; the Finance Brokers Association of Australia (FBAA), the Commercial and Asset Finance Brokers Association (CAFBA) and the Mortgage and Finance Association of Australia (MFAA).

In 2021, Earlypay raised $18 million AUD and acquired Skippr, an online invoice financing platform.

References

  1. ^ "Earlypay lifts guidance as funding off invoices grows". Australian Financial Review. 2022-02-02. Retrieved 2022-05-26.
  2. ^ Sunarto, Eddy (2022-02-14). "Under the radar? We talk to Earlypay CEO Daniel Riley on its long history of profits and dividend payouts". Stockhead. Retrieved 2022-05-26.
  3. Zhang, Tony (2022-05-23). "Businesses urged to adopt cloud-based software". www.accountantsdaily.com.au. Retrieved 2022-06-07.
  4. "Earlypay flags profit growth of 40% for 2022 | RFI Global". www.rfigroup.com. Retrieved 2022-06-07.
  5. "Analysing suitable ways of funding for businesses | Expert talks with Daniel Riley". kalkinemedia.com. Retrieved 2022-06-07.
  6. Aubrey, Kate (2022-06-07). "Earlypay launches scholarship program for brokers". www.theadviser.com.au. Retrieved 2022-06-09.
  7. Review, G. T. (2021-06-29). "Earlypay raises A$18mn for trade finance push". Global Trade Review (GTR). Retrieved 2022-05-26.
  8. "Earlypay produces record half of trading". Australian FinTech. 2022-02-01. Retrieved 2022-05-26.
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