Talking Business With Alan Kohler

Earlytrade is an Australian fintech pioneering early payment of invoices from large corporate's to their suppliers, they recently announced the newly formed venture fund Shearwater Growth Equity has become shareholders in the business. Shearwater, whose founding partners sit on the board of ASX-listed technology giant WiseTech Global, have invested AUD2.5 million out of the total capital raised for their stake in the business.  The Earlytrade platform enables corporate's, and their suppliers to collaborate transparently to negotiate invoice terms in return for early payment. The new funding paves the way for Earlytrade to enhance its innovative early payments platform and further expand its enterprise clients and existing network of 27,000+ suppliers.  He discusses how Technology is changing the way businesses in Australia and NZ are paying each other to free up some of the $76 billion that is regularly ‘trapped’ in a slow and inefficient late-payment process.