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
Related deals
Grupo Veta 2017 S.L. has been acquired by MSA Mizar
The Franco-Belgian fund Kartesia has sold Grupo Veta 2017 S.L. to the Italian group MSA Mizar. Kartesia, the main shareholder of Veta+ together with its founding partner, has sold 100% of the capital. For MSA Mizar, this transaction represents the consolidation of its presence in Spain, the entry into the multi-risk claims management market and the opportunity to apply Veta+’s expertise to other European markets.
Learn moreMercado Abierto Electrónico S.A. has merged with Matba Rofex S.A.
Mercado Abierto Electrónico S.A. (MAE) and Matba Rofex S.A. have merged to create A3 Mercados S.A., the largest financial exchange in Argentina. A3 Mercados unites all corporate and government futures, derivatives and fixed income markets in the country.
Learn moreRare ARC has raised US$14.5 million in structured debt financing
Rare Asset Reconstruction Limited (Rare ARC) has successfully raised US$14.5 million in structured debt financing.
Learn more