Suppliers to one of Australia’s largest energy network and infrastructure providers, AusNet Services, will gain access to a new ethical working capital alternative thanks to a deal signed with Australian fintech, Earlytrade.
The deal represents entry into a new sector for Earlytrade’s expanding network and will cover the entire supply chain for AusNet Services’ $10.8 billion energy infrastructure business, which services around 1.5 million Victorian customers.
Earlytrade’s ethical early payment platform will provide AusNet Services’ suppliers a fair and flexible early payments marketplace on approved invoices.
Earlytrade is an Australia supply chain technology company founded in 2016, that provides a diverse portfolio of products to help match the working capital needs of companies with trading relationships.
Earlytrade own and run Australia and New Zealand’s largest early payment marketplace with more than 50,000 participating businesses.