Earlypay announces net revenue exceeding $18 million

ASX-listed Earlypay have today announced its financial results for the six-month period ending 31 December 2023 (H1’24), with the key highlight being net revenue of $18.2 million.

It was a busy six month period for Earlypay as they completed the acquisition of selected assets from Timelio, a specialist Invoice Finance (IF) and Trade Finance (TF) provider, adding ~$33 million of IF and $5 million of TF receivables.

And during December 2023, Earlypay resolved RevRoof recovery process receiving proceeds of $8.4 million cash from the sale of the business that was held in trust pending resolution of a legal dispute.