Octet recognised for Excellence in Business Lending

The Excellence in Business Lending award acknowledges that Octet has demonstrated strong financial performance and outstanding B2B lending results through its innovative finance solutions:

• Octet has continued to enhance and expand its secure “closed-loop” ecosystem, offering Trade Payable, Supply Chain and Receivable Funding solutions to empower Australian and New Zealand businesses and corporates.
• The company has a 5-year CAGR of 40% and is now generating over $3bn per annum in turnover (TTV), with more than 200,000 members on its proprietary supply chain finance platform across 72 different countries.
• Octet’s industry-leading supply chain management and banking platform enables seamless cross-border and domestic payments and receipts, whilst also providing additional layers of security to reduce risk of transactional fraud.

Commenting on the award win, Chief Commercial Officer, Brett Isenberg said: “we’re immensely proud of the whole Octet team for their unrelenting efforts in working towards our vision of connecting and growing the world’s businesses. This award recognises that we are well on our way to becoming a major destination for Aussie businesses to finance and manage their payables and receivables.

We’re offering businesses an opportunity to scale, trade globally (and domestically) with confidence, diversity of funding, and create strong cash flow runways in times of both positive growth and global economic uncertainty.

With the supply chain continuing to tighten, coupled with rapidly rising interest rates and inflation, Octet is well placed to fund growing business’ payables and accelerate sales receipts over the coming years. We project our compound growth will remain very strong for the foreseeable future.”

From manufacturing to pharmaceuticals, transport to food and beverage and online retail, Octet supports thousands of business leaders and suppliers across all industries to achieve growth and close the working capital gap.