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
Generali has expanded its footprint in Bulgaria by acquiring one of the top health insurers on the market
Doverie United Holding has successfully completed the sale of United Health Insurance Fund Doverie (Doverie) to Generali CEE Holding.
Learn moreCaja 18 successfully completed a US$42 million corporate bond placement
Caja 18 successfully completed a placement of US$42 million (1,100,000UF) in corporate bonds on the local capital market. The bonds, with a 7-year term, semi-annual amortizations and a duration of 3.87 years, were secured by social credit guarantees. The proceeds will be used to finance Caja 18’s social credit program and refinance previously contracted liabilities for the same purpose. As part of this refinancing plan, Caja 18 also completed the voluntary early repurchase of its Series A bonds.
Learn moreMicrofinanciera Fundeser has been sold to Grupo Financiero Atlántida
Incofin has successfully exited its investment in Microfinanciera Fundeser in Nicaragua through two of its funds: Rural Impulse Fund II (RIF II) and agRIF. It has sold 100% of its stake in Microfinanciera Fundeser to Grupo Financiero Atlántida through its subsidiary, Inversiones Tres Lagos.
Learn more