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Solvar Limited (ASX: SVR), a prominent consumer and commercial finance company with operations across Australia and New Zealand, has acquired a 19.9% stake in Earlypay Limited (ASX: EPY). Earlypay offers working capital finance to Australian SMEs through equipment and invoice financing. This investment aligns with Solvar’s mission to support underserved markets and enhances its exposure to the commercial finance sector. With over two decades of experience and more than AU$2 billion in vehicle and personal loan funding, Solvar remains a dominant player in used-vehicle finance. Its customer-centric approach is powered by advanced technology, ensuring a smooth loan experience from application to repayment, whether through brokers, online, or direct channels. Chairman Stuart Robertson emphasized that the acquisition supports Solvar's strategic growth by tapping into adjacent, underserved commercial markets. This move strengthens Solvar’s market position and extends its reach into the SME finance segment.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.