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Money3 Corporation Limited ( (AU:SVR) ) has issued an announcement.
Solvar Limited has strategically acquired a 19.9% stake in Earlypay Limited, a provider of working capital finance to Australian SMEs. This acquisition aligns with Solvar’s strategy to expand into underserviced markets, offering exposure to large commercial markets and enhancing its market positioning by tapping into Earlypay’s equipment and invoice finance solutions.
The most recent analyst rating on (AU:SVR) stock is a Buy with a A$1.50 price target. To see the full list of analyst forecasts on Money3 Corporation Limited stock, see the AU:SVR Stock Forecast page.
More about Money3 Corporation Limited
Solvar Limited is a leading consumer and commercial finance company with over 20 years of experience in Australia and New Zealand. The company has funded over $2 billion in vehicles and personal loans, primarily dominating the used-vehicle finance market. Solvar leverages technology to offer a seamless loan application process, catering to both brokers and direct consumers.
Average Trading Volume: 258,722
Technical Sentiment Signal: Buy
Current Market Cap: A$343.3M
For an in-depth examination of SVR stock, go to TipRanks’ Stock Analysis page.