Aussie SME lender Earlypay acquires Timelio’s $40m loan portfolio and assets

Earlypay acquired Timelio’s assets and loan portfolio for approximately $3 million.
Earlypay adds $40 million to its loan portfolio, including $35 million in invoice finance and $5 million in trade finance.
Earlypay gains control of Timelio’s supplier early payment software platform, benefiting both large businesses and suppliers.
Earlypay plans to expand the supplier early payment business and explore cross-selling opportunities with existing finance products.
CEO James Beeson highlights the strategic value of the acquisition for SME working capital and commercial strategy.
The acquisition is completed with a mix of cash and scrip, with a six-month hold-back period to offset credit losses.
Earlypay’s refinancing plans for a new invoice and trade warehouse facility are set to resume by early 2024, pending approval and customary conditions.