What Earlypay does

Earlypay Ltd (ASX: EPY) is an Australian non-bank business finance provider headquartered in North Sydney with regional offices in Melbourne and Brisbane, serving small and medium-sized enterprises across the country. The company was founded in 2001 and has been listed on the ASX since at least that corporate milestone, building a multi-product working-capital and asset-finance franchise that targets businesses unable or unwilling to access traditional bank lending due to a lack of property security.

The core product set centres on invoice finance (with invoice factoring and invoice discounting variants), equipment and asset finance, and trade finance, complemented by a specialised payroll-finance product for labour-hire operators and more recent lines including clean-energy finance and ATO tax-debt solutions. The underlying platform integrates natively with mainstream Australian accounting software (Xero, MYOB) and workforce-management systems (Xemplo, SprintSuite), so that when a customer raises an invoice or timesheet, Earlypay can advance up to 85% of the value within approximately one business day. Credit decisions are made within a stated 48-hour turnaround and rely on third-party data providers — CreditorWatch, Equifax, Illion, Emailage, and Alares — rather than disclosed in-house AI.

Revenue is generated primarily through transaction-style fees and interest on drawn balances against the accounts-receivable ledger (with the Earlypay Base Rate referenced at 12.85% per annum), alongside interest and fees on equipment/trade facilities. Distribution is a combination of direct inside sales (1300-prefix phone lines and a web sign-up/portal at app.earlypay.com.au), finance-broker referrals (via AFIA membership), and embedded distribution through the Xero/MYOB/Xemplo/SprintSuite software channels. The customer base is horizontally diversified across transport, labour hire, construction, wholesale trade, mining, and manufacturing, with disclosed facility sizes ranging from roughly A$225k to A$5.6M.

Name

Earlypay

Legal name

Earlypay Ltd

Website

https://earlypay.com.au

Company type

Public

Founded year

2001

Operating status

Operating

Headcount range

51–100 employees

Short description

Earlypay Ltd (ASX: EPY) is an Australian non-bank business finance provider offering invoice finance, equipment finance, trade finance, and payroll finance to SMEs across transport, labour hire, construction, mining, and manufacturing, distributed via direct sales, finance brokers, and software integrations with Xero, MYOB, Xemplo, and SprintSuite.

Ownership category

akta.pro rank

Product category

Commercial Lending

NAICS

Sales Financing (52222)

SIC

Short-Term Business Credit Institutions (6153), Finance Lessors (6172)

akta.pro primary industry

Invoice Financing & Factoring (FSAKAGAC)

akta.pro secondary industry

Merchant Cash Advance (MCA) & Revenue-Based Financing (FSAKAGAD)

Keywords

• Invoice finance
• Equipment finance
• Trade finance
• Payroll finance
• Business lending

Headquarters

HQ city

North Sydney

HQ country

Australia

HQ region

Oceania

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Invoice Finance Fees: Revenue generated from fees charged on the use of invoice finance facilities. Businesses access funds by drawing against their accounts receivable ledger; fees are repaid when customers pay their invoices. The company earns interest on the drawn amount, with the Earlypay Base Rate at 12.85% per annum as a reference rate.
2. Equipment Finance: Asset and equipment finance solutions allowing businesses to purchase or refinance equipment without using working capital. Revenue derived from interest and fees on financed assets.
3. Trade Finance: Upfront payment to suppliers on behalf of businesses, with settlement made through customer invoice payments. Revenue generated through fees and interest on the trade finance facility.
4. Payroll Finance: Specialised invoice finance for labour hire and recruitment businesses, bridging the gap between paying contractors weekly and receiving client payment within 30-45 days. Revenue from fees tied to processed payroll invoices.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Earlypay provides working capital and asset finance solutions to Australian SMEs, enabling businesses to access up to 85% of outstanding invoices as early payment (Invoice Finance, Factoring and Discounting), pay suppliers upfront (Trade Finance), purchase equipment without using working capital (Equipment/Asset Finance), and bridge payroll cash flow gaps in labour hire (Payroll Finance). Facilities are typically established within 48 hours and funds can be available within one business day, with no property security required because invoices serve as the primary security asset.

Product overview

Earlypay is an ASX-listed (ASX: EPY) Australian business finance provider offering a comprehensive suite of working capital and asset finance products. The core offering centers on Invoice Finance (including Invoice Factoring and Invoice Discounting variants) combined with Equipment Finance and Trade Finance. These integrate with specialized solutions including Payroll Finance for labour hire businesses, Working Capital Finance for combined funding needs, Clean Energy Finance, ATO Tax Debt solutions, Small Business Restructuring, and Small Business Lending. The company integrates with accounting platforms Xero and MYOB, workforce management tools Xemplo and SprintSuite, and provides fast access to funds (potentially within one business day) without requiring property security.

Differentiator

Problem solved

Functional benefit

Brands

• SprintSuite: Workforce and project management software designed to help mining and engineering contractors improve productivity.

Products and services

• Invoice Finance

Quantifiable outcome

• Up to 85% of accounts receivable ledger can be accessed as funding
• +3 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature4 records

Partnerships

Five partnerships are on record, tiered core and minor.

• XerocoreTechnology or IntegrationXero integration allows businesses to connect their accounting software with Earlypay's invoice finance platform, enabling seamless data sharing for credit assessment and automated invoice processing. This integration is listed as a core integration on Earlypay's website.
• MYOBcoreTechnology or IntegrationMYOB AccountRight integration enables businesses to link their accounting data with Earlypay's financing solutions, supporting automated invoice processing and credit assessment workflows.
• XemplocoreTechnology or IntegrationXemplo is a workforce management platform for labour hire and recruitment businesses. The partnership combines Xemplo's timesheet management, client approval, and invoicing capabilities with Earlypay's payroll finance solution, providing integrated cash flow and workforce management for labour hire operators.
• SprintSuitecoreTechnology or IntegrationSprintSuite is a workforce and project management software for mining and engineering contractors. The partnership enables Earlypay Invoice Finance customers using SprintSuite to unlock up to 85% of unpaid invoices, with both companies marketing the integrated solution to mining and engineering SMBs.
• Australian Finance & Industry Association (AFIA)minorOthersAFIA membership indicates Earlypay's standing within the Australian financial services and invoice finance industry, providing networking, advocacy, and credibility benefits.

Scale indicators2 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Butn: Australian fintech offering invoice financing and cash-flow solutions to SMEs. Directly competes with Earlypay in the same invoice-finance category with similar turnaround-time focus and digital onboarding, primarily targeting Australian SMBs.
• Shift (formerly Shift Financial): Australian invoice-finance and working-capital platform targeting SMEs with same-day funding. Closely comparable on product (invoice advance), customer segment, and geography, competing head-to-head on speed and integration-led distribution.
• Scottish Pacific (ARQ Capital): One of Australia's largest specialist invoice-finance and debtor-finance providers (rebranded as ARQ Capital). Directly comparable product set - invoice factoring, discounting, and asset-based lending - but at materially larger scale and broader customer mix including mid-market corporates.
• Prospa: ASX-listed (now private again) Australian online lender to small businesses offering working capital, lines of credit, and business loans. Comparable customer base and sales-led GTM, though Prospa's core product is small-ticket term lending rather than invoice factoring.
• Moula: Australian online working-capital provider serving SMEs with merchant cash advance and business loan products. Comparable on customer segment (SME), digital-first onboarding, and short-cycle working-capital use cases, though skewed toward POS/MCA rather than pure receivables financing.
• Capify: Australian and global SME lender offering working-capital advances and invoice financing to small businesses. Comparable product mix and SMB target segment, with similar fast-turnaround positioning though narrower product breadth than Earlypay.

Broad incumbents

• Bibby Financial Services Australia: Australian arm of global Bibby Financial Services, one of the world's largest invoice-finance providers. Directly comparable invoice-factoring and discounting products, with broader international backing enabling larger ticket sizes and deeper sector specialisation.
• Judo Bank: ASX-listed Australian SME challenger bank offering business loans, lines of credit, and asset finance. Overlaps with Earlypay on equipment finance and SME working capital, but operates from a deposit-funded bank charter enabling lower-cost capital.
• Commonwealth Bank (CommBank): Australia's largest bank with extensive business-banking and working-capital offerings including invoice financing and asset finance through CommBank Asset Finance. Competes for the same SME customers at lower headline rates but with stricter property-security requirements that Earlypay's no-security model explicitly counters.

Emerging players

• Plenti: ASX-listed Australian lender providing asset finance, automotive lending, and renewable-energy finance to consumers and SMEs. Partial overlap on equipment/asset finance and clean-energy finance, with comparable digital-led origination and broker distribution.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInau.linkedin.com/company/earlypayaustralia
• Xx.com/earlypayau

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Earlypay