Earlytrade is a technology company.
Earlytrade is a platform that provides early payment solutions for the construction industry, helping general contractors and subcontractors manage cash flow effectively.
Earlytrade has raised $9.0M across 1 funding round.
Earlytrade has raised $9.0M in total across 1 funding round.
Earlytrade is a financial technology company that provides an early payment platform tailored for the construction industry, enabling general contractors to offer dynamic discounting for subcontractors to receive payments faster.[1][3][5] It serves general contractors (GCs) and subcontractors by solving cash flow challenges through an auction-based system where subs bid on discounts for early invoice settlement, typically 28 days ahead of schedule, while GCs earn 4-5x returns compared to money market investments.[1][3][5] With over 130,000 subcontractors using the platform, Earlytrade has raised $13.11M in funding, including a Series A round, and operates at Series A stage with strong financial health indicated by a Mosaic Score increase.[1][3]
Earlytrade was founded in 2016 in Australia by technology entrepreneur Guy Saxelby, who serves as CEO and co-founder.[1][3][4] The company began in 2018 by running dynamic discounting programs for enterprises and their supply chains, evolving from a focus on general B2B early payments to specializing in construction.[1][2][4] Early traction included partnerships like Richard Crookes Constructions launching the platform in 2021 to secure supply chain continuity amid global challenges, marking a pivotal moment in construction adoption.[1][2] Headquartered initially in Darlinghurst and later Haymarket, New South Wales, it has grown to 26-44 employees while expanding to the US market.[1][2][3]
Earlytrade rides the fintech wave in supply chain finance, particularly dynamic discounting amid construction's chronic cash flow issues—where delayed payments strain subs and disrupt projects.[1][5][6] Timing aligns with post-pandemic supply chain volatility and rising interest rates, making early payments a competitive edge for GCs to ensure continuity and margins.[1][2] Market forces like labor shortages and material inflation favor it, as it bolsters subcontractor stability without increasing GC costs.[5] In the ecosystem, it influences fintech for non-US markets (featured in CB Insights' Fintech collection excluding US firms) and sets a model for industry-specific B2B liquidity, competing with Cashy while integrating with tools like Xero.[1][3]
Earlytrade's momentum—fueled by US expansion, proven ROI for GCs, and scalability—positions it for accelerated growth in construction fintech, potentially targeting more enterprise GCs and international markets.[1][3][5] Trends like AI-driven invoice automation and embedded finance will shape its path, enhancing auction efficiency and partnerships.[1] Its influence may evolve by redefining payment norms in construction, turning cash flow friction into a growth engine and solidifying its role as a liquidity innovator from its Australian roots.[5]
Earlytrade has raised $9.0M in total across 1 funding round.
Earlytrade's investors include 1982 Ventures, Bain Capital Ventures, Cowboy Ventures, Crossover, Foundamental, Immeasurable, Iterative, Khosla Ventures, Jeff Richards, Y Combinator, Darius Cheung, Kat Cole.
Earlytrade has raised $9.0M across 1 funding round. Most recently, it raised $9.0M Series A in September 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Sep 1, 2022 | $9.0M Series A | 1982 Ventures, Bain Capital Ventures, Cowboy Ventures, Crossover, Foundamental, Immeasurable, Iterative, Khosla Ventures, Jeff Richards, Y Combinator, Darius Cheung, Kat Cole |