Who is Octet finance?
Octet Finance Pty Limited provides financial services. The Company offers debtor and trade finance, supplier payment, and receivable financing solutions. Octet Finance serves customers in Australia.
Who owns octet?
Clive Isenberg
Octet is funded via a $200 million warehouse facility with Westpac. The fintech was set up and is majority owned by Scottish Pacific founder Clive Isenberg, his son Brett, and Zip Money co-founder Michael Rom, who also double as Octet executives.
What is trade finance Australia?
What is Trade Finance? Trade Finance gives businesses that import products from overseas and businesses that purchase product within Australia the ability to pay suppliers upfront without having to spend their own working capital.
How does trade finance facility work?
Trade finance works by introducing a third party financier into your transaction. This financier puts up the money to pay the supplier, then lets the buyer (your business) repay it with extended credit terms. This gives you working capital to keep your business running while the goods are in transit.
What does octet stand for?
eight bits
The octet is a unit of digital information in computing and telecommunications that consists of eight bits. The term is often used when the term byte might be ambiguous, as the byte has historically been used for storage units of a variety of sizes. The term octad(e) for eight bits is no longer common.
What is a debtor finance facility?
Debtor finance is a form of business funding which allows companies to overcome the cash flow issues that may be holding them back. It does this by way of a cash advance or a business line of credit which is secured against the value of outstanding invoices on a business’ accounts receivable ledger.
Who owns Scottish Pacific?
Scottish Pacific Group Limited
Scottish Pacific Business Finance Pty Ltd./Parent organizations
How do octets work?
The octet rule refers to the tendency of atoms to prefer to have eight electrons in the valence shell. When atoms have fewer than eight electrons, they tend to react and form more stable compounds. When discussing the octet rule, we do not consider d or f electrons.
Who is the chairman of octet Finance Australia?
He is also currently the Chairman of Octet Finance, an Australian based Supply Chain finance company. During Peter’s career he has been instrumental in acquiring and building multi-billion dollar enterprises with in excess of $10 billion of mergers and acquisitions.
Why do we need octet as a business partner?
We’re proud to power the business finance and payment needs of over 200,000 businesses and counting. We want to have showrooms in each major city and be the go-to office furniture supplier. Octet is a partner for the journey of our business life. It’s definitely an ace up our sleeve, whenever we need it.
When was octet Finance acquired by National Hire Group?
Clive oversaw National Hire Group’s acquisition of both Allight Holdings Pty Ltd and Sykes Group. Clive established the Octet Group in 2008 which provides technology to global financial institutions specialising in supply chain financing.
How does the trade finance facility in Australia work?
Our Trade Finance facility gives you access to a convenient, revolving line of credit to pay suppliers in over 65 countries. With upfront transparency of your AUD total and in a single click, authorise competitive FX payments to your suppliers’ choice of 15 global currencies.