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- Earlypay (EPY) has teamed up with the Australian arm of global foreign exchange (FX) and trade finance fintech Ebury
- The partnership gives their small and medium-sized enterprises (SMEs) and broker clients access to a wider range of financing and FX solutions
- Under the partnership Earlypay will launch ‘Earlypay FX – powered by Ebury’ which will allow Earlypay’s clients and brokers to access Ebury’s services
- Earlypay is trading one per cent down at 49.5 cents per share at 12:17 am AEST
Earlypay (EPY) has teamed up with the Australian arm of global foreign exchange (FX) and trade finance fintech Ebury.
The partnership gives their small and medium-sized enterprises (SMEs) and broker clients access to a wider range of financing and FX solutions.
Ebury is the largest non-bank in the world that focuses on SMEs trading internationally, with FX and trade finance capabilities in over 130 currencies.
Earlypay offers business finance to Australian SMEs through invoice finance, asset finance and a trade finance products.
Under the partnership, Earlypay will launch ‘Earlypay FX – powered by Ebury’ which will allow Earlypay’s clients and brokers to access Ebury’s market-leading FX payments and risk mitigation services.
Additionally, Ebury will promote Earlypay’s invoice and asset finance
products to offer further business financing products to its clients.
Ebury Asia Pacific Managing Director Rick Roache said the agreement would benefit market leaders, clients and brokers.
“I am delighted to be working with Earlypay. Our businesses are aligned in striving for the best customer experience possible, and we are both on similar high-growth journeys,” he said.
“This partnership validates Ebury’s standing as the market leader in technology-led cross border services for SMEs.”
Earlypay CEO Daniel Riley is also pleased with the agreement.
“Many of our SME clients import international goods or services and transact in foreign currency, so it’s terrific to partner with Ebury to offer our clients access to its world class FX services platform,” Mr Riley said.
“Ebury and Earlypay are both committed to providing the Australian SME market with simple and accessible business financing and FX services using market-leading technology.”
Earlypay was trading one per cent down at 49.5 cents per share at 12:17 am AEST.
