UK’s Wagestream buys Greensill’s Earnd

Greensill Capital’s Australian administrators have confirmed their first asset sale just two and a half weeks after the firm declared insolvency, with the UK’s Wagestream striking a deal to buy fintech group Earnd.

As reported by The Australian Financial Review, offers had quickly arrived for Earnd, a wholly-owned subsidiary of Greensill’s Australian parent, after the supply chain finance group became insolvent in the UK and Australia on March 8.