Earlypay announces record NPAT growth

Fintech lender Earlypay has posted record growth on the back of strong end to the 2021 financial year.

The SME-focused lender reported profits of $8.7 million and no losses, despite the ongoing issues in the small business sector caused by the pandemic.

“The key to Earlypay’s success in FY21 was the implementation of our online strategy and new online lending platform,” said CEO Daniel Riley.

“This was the driver of growth in client numbers and even with the disruption of COVID, Earlypay successfully grew our loan book. The strong growth trajectory has Earlypay entering FY22 on a significantly higher earnings base than at the start of FY21, with even more momentum expected in FY22.”

Earlypay’s proprietary platform has been a key driver of their success, allowing the fintech to help commercial brokers to service their clients quickly.

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