Earlypay Limited Announces Withdrawal of Earnings Guidance for the Fiscal Year 2023

Earlypay Limited is engaged in providing finance to small and medium enterprises (SME) in the form of invoices, equipment, and trade financing. The Company’s products and services by segment include Invoice Finance and Equipment Finance. Invoice Finance includes debtor finance and trade finance. Debtor finance provides an advance payment of up to 80% of a client’s invoice to help their business overcome the cash pressure of delivering goods or services in advance of payment from the customer (often 30 to 60 days). Equipment Finance refers to equipment finance for both new and old equipment. This includes sale-back of owned or partially owned equipment, private sales, and mid-term refinancing. It provides invoice factoring, invoice discounting, clean energy finance, and a business line of credit. The Company’s foreign exchange provides a range of foreign exchange solutions to enable businesses to manage international transactions, reduce risk, and trade globally.