Earlypay Ltd, the SME-focused fintech lender, has registered record growth in FY21 and posted profits of $8.7 million, despite the many ongoing issues in the SME business sector triggered by the Covid-19 pandemic. The Sydney-headquartered company, which offers accounts receivable financing services and credit solutions to SMEs in Australia, has attributed its success in FY21 to the implementation of its online strategy and new online lending platform. Furthermore, Earlypay’s invoice finance product, which only requires outstanding invoices as security on a line of credit, has enabled the fintech-lender to expand its addressable market significantly.
