Earlytrade

Earlytrade is an early payments facilitation platform that enables main contractors to pay their subcontractors early. The principal highlights are: - There is no reverse-factoring or vendor finance - There is no change to the certification and approval of invoices – main contractors follow their normal processes - Contracted payment terms remain unchanged - Participation on the platform is always at the discretion of the subcontractors Earlytrade unlocks 2-3% cost savings per month (equivalent to 25% per annum) for main contractors while empowering subcontractors with accessible working capital. Since inception, Earlytrade has partnered with 41 main contractors, over 140,000 subcontractors and has facilitated 300,000 early payments worth £2 billion.