Octet
Octet is an Australia-based fintech founded in 2008 that provides a cloud-native supply chain finance and working capital platform for SMEs across Asia-Pacific, offering invoice finance, trade finance, term loans, payments, FX, and credit protection through six integrated products serving 13+ verticals.
- Company typePrivate
- Founded2008
- HeadquartersSurry Hills, Australia
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Octet does
Octet is an Australia-based financial technology company, founded in 2008, that operates a cloud-native supply chain finance and working capital platform for small and mid-sized businesses across the Asia-Pacific region. Its core offering is a closed-loop ecosystem that combines receivables financing, trade financing, supplier payments, term lending, FX services, and credit protection within a single multi-currency digital wallet. The platform comprises six products: OctetDebtor (up to 85% invoice advance within 24 hours), OctetTrade (up to 120-day repayment terms, 60 days interest-free), OctetExpress (domestic and cross-border supplier payments), OctetPay (pre-approved line of credit with airline rewards), Term Loan (up to $5M), and Buyer Protection (up to 90% invoice value coverage). Technology is built on AWS infrastructure with seamless integrations to Xero and MYOB accounting platforms, plus partnerships with Qantas Business Rewards, Virgin Australia Business Flyer, OFX, Corpay Cross-Border, and the major card networks.
Octet generates revenue primarily through transaction fees and interest on funded receivables, trade finance facilities, and term loans, supplemented by FX margins on cross-border payments and interchange-related economics on OctetPay. Pricing is usage-based and quote-based rather than published, reflecting customised facility sizing. The go-to-market combines direct digital self-service (app.octet.com), enterprise field sales targeting mid-market clients, and a referral partner network of brokers, accountants, and industry associations. The platform serves 13+ named verticals including manufacturing, wholesale, labour hire, healthcare, pharmaceutical, retail, food and beverage, materials, transport and logistics, eCommerce, agribusiness, construction, and IT hardware, with a stated footprint of 200,000+ members across 72 countries and over $3bn in annual transaction turnover.
The company has scaled through a combination of organic growth and inorganic moves, including the 2022 acquisition of Bank of Queensland's Business Finance portfolio, $200M in securitisation funding and a ~$220M raise from MA Financial Group in 2021. In mid-2022 Octet adopted a Co-CEO leadership model (Brett Isenberg and Michael Rom) with founder Clive Isenberg continuing at the executive level and Peter Gammell as Chairman. The most recent strategic move is a 2025 partnership with Mastercard to extend its B2B payments platform into the MENA region via Octet Türkiye, marking its first significant expansion outside Asia-Pacific.
Octet firmographics
Firmographics- Name
- Octet
- Legal name
- Octet Finance Pty Ltd
- Website
- https://octet.com
- Company type
- Private
- Founded year
- 2008
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Octet is an Australia-based fintech founded in 2008 that provides a cloud-native supply chain finance and working capital platform for SMEs across Asia-Pacific, offering invoice finance, trade finance, term loans, payments, FX, and credit protection through six integrated products serving 13+ verticals.
- Ownership category
- akta.pro rank
Octet industry classification
Industry- Product category
- Supply Chain Finance Platform
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Other Financial Investment Activities (5239)
- SIC
- Finance Services (6199), Asset-Backed Securities (6189)
- akta.pro primary industry
- Card Issuing & Program Management Platforms (BPAMAFAH)
Keywords
Where Octet is headquartered
LocationHeadquarters
- HQ city
- Surry Hills
- HQ country
- Australia
- HQ region
- Oceania
Offices5 records
Markets served
Octet business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Trade Finance Fees: Revenue generated from trade finance facilities that enable businesses to pay suppliers upfront with extended repayment terms (up to 120 days), earning interest during the repayment period and transaction fees on processed payments
- Invoice/Debtor Finance: Provides immediate cash flow by advancing up to 85% of invoice value within 24 hours, earning fees and interest on the extended credit period until customer payment is received
- OctetPay Line of Credit: Pre-approved credit facilities enabling businesses to make supplier payments while earning airline rewards points, generating revenue through interest and transaction fees
- International Payments & FX: Foreign exchange services for cross-border supplier payments, generating revenue through FX margins and transaction fees on currency conversions
- Term Loans: Lump sum capital advances of up to $5M with flexible repayment terms ranging from 6 months to 3 years, earning interest over the loan tenure
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Pay-as-you-go | Debtor Finance - Up to 85% advance on invoices |
| Usage-based | Pay-as-you-go | Trade Finance - Extended payment terms |
| Usage-based | Monthly | Term Loan - Up to $5M flexible funding |
| Subscription | Monthly | OctetPay - Pre-approved credit line |
| Usage-based | Pay-as-you-go | Airline Rewards - Qantas or Velocity Points |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels6 records
Octet product offering
Product offeringCore offering
Octet operates an all-in-one working capital and business finance platform that enables SMEs to buy, sell, and get paid faster. Its suite integrates invoice/debtor finance (OctetDebtor), trade finance (OctetTrade), supplier payments (OctetExpress), term loans up to $5M, buyer protection against non-payment, and a rewards-based business line of credit (OctetPay), alongside a multi-currency digital wallet and FX-enabled international payments. The platform integrates with Xero and MYOB and incorporates airline rewards (Qantas Points and Velocity Points) on transactions.
Product overview
Octet is an all-in-one working capital and business finance platform that helps companies buy, sell, and get paid faster. The platform consists of six integrated products: OctetDebtor (invoice/debtor finance for accessing cash from receivables), OctetTrade (trade finance for supplier payments with extended terms), OctetExpress (global supplier payments), Term Loan (flexible lump sum funding up to $5M), Buyer Protection (credit protection against non-payment), and OctetPay (business payment cards with rewards). The platform also includes features like Digital Wallet, International Payments & FX, Bank-Grade Security, Seamless Integrations with Xero/MYOB, and Frequent Flyer Points rewards programs. Octet has facilitated over $5B in business funding and serves businesses across multiple industries including manufacturing, wholesale, labour hire, healthcare, pharmaceutical, retail, food & beverage, materials, transport & logistics, eCommerce, agribusiness, IT hardware, and construction.
Differentiator
Problem solved
Functional benefit
Brands
- OctetDebtor: Debtor and invoice finance product providing working capital faster by giving immediate access to cash tied up in receivables.
- OctetTrade
- OctetExpress
- OctetPay
- Buyer Protection
Products and services
- OctetDebtor
Quantifiable outcome
- Up to 85% of invoice value advanced within 24 hours
- +6 more outcomes
Companies that use Octet
Customer profileNamed customers3 records
Segments13 records
Ideal customer profiles3 records
Octet technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration9 records
Feature10 records
Octet partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered strategic, core and supporting.
- Mastercard (MENA Region)strategicStrategic partnership to enhance digital B2B payments across the MENA (Middle East and North Africa) region through Octet Türkiye, extending Octet's reach into new geographic markets.
- Qantas Business RewardscoreLoyalty program partnership enabling Octet customers to earn Qantas Points on eligible business transactions. Trade Finance customers can earn 1 Qantas Point per $10 repaid. Part of broader rewards ecosystem including Virgin Australia partnership.
- Virgin Australia Business FlyercoreLoyalty program partnership allowing Octet customers to earn Velocity Points on eligible business transactions. Provides dual loyalty choice alongside Qantas, unique in the non-bank lending market. Earn 1 Velocity Point per $10 repaid through Trade Finance.
- OFXsupportingForeign exchange partner enhancing Octet's international payment capabilities. Integrates with Octet platform to provide easy cross-border payment services without high bank fees, keeping FX costs predictable and low for clients.
- Corpay Cross-BordersupportingFX service provider supporting foreign exchange operations within Octet's working capital platform. Enables businesses to pay international suppliers with competitive rates.
- VisasupportingCard payment network extending card funding to Octet transactions. Enables Octet customers to fund supplier payments using Visa Business or Corporate cards.
- MastercardsupportingCard payment network enabling Mastercard payments across Octet's platform. Clients can use Mastercard to pay local or international suppliers while earning rewards and managing working capital.
- American ExpresssupportingCard partner connecting Amex cards to Octet's funding flow. Enables Octet clients to use American Express cards for supplier payments, unlocking extended cash flow and Membership Rewards access.
- AWS (Amazon Web Services)supportingCloud hosting provider serving as the backbone of Octet's digital infrastructure. AWS enables Octet to scale reliably, deploy features faster, and meet high security and compliance standards.
- XerocoreAccounting software integration allowing Octet customers to sync invoice data, track payments, and reconcile ledgers automatically. Connects Xero general ledger with Octet for real-time visibility.
- MYOBcoreAccounting software integration connecting MYOB sales ledger with Octet platform. Enables automated data sync and invoice management for MYOB users accessing Octet finance solutions.
Scale indicators6 records
Recent moves6 records
Expansion highlights5 records
Octet competitors and assessment
Company assessmentDirect peers
- Prospa: Australia's largest online small-business lender, providing loans, lines of credit and asset finance to SMEs. Direct competitor to Octet in the Australian SME working-capital market with overlapping target customer and product set (term loans, lines of credit).
- Scottish Pacific (Westpac): Australia's largest receivables financier (now owned by Westpac), founded by Octet's founder Clive Isenberg. Direct peer on debtor/invoice finance, with materially the same product offering and customer profile as OctetDebtor.
- Capiita: Australian supply chain finance and working capital platform serving SMEs with invoice finance, trade finance and supplier payments. Closest head-to-head competitor in the Australian SCF category, sharing the same mid-market SME target segments.
- Moula: Australian online lender providing short-term business loans and lines of credit to SMEs. Competes directly with Octet's Term Loan and OctetPay products in the Australian small-business segment.
- Plenti: ASX-listed Australian fintech lender providing asset finance, automotive and renewable-energy loans. Comparable Australian fintech-lender peer with overlapping technology-led underwriting and SME/mid-market focus.
- Lumi: Australian SME lender focused on business loans, equipment finance and working capital. Directly competes with Octet in the small-to-mid business segment with comparable online application and rapid-approval positioning.
Broad incumbents
- C2FO: Global working-capital marketplace that connects buyers and suppliers for early-payment and dynamic discounting. Closest global peer to Octet's closed-loop supply-chain finance model, with broader enterprise customer base and larger TTV.
- Taulia: Global supply chain finance platform (acquired by SAP) providing invoice finance, dynamic discounting and working-capital solutions to enterprise buyers and their suppliers. Comparable to OctetTrade at the enterprise end of the SCF market.
- Judo Bank: Australian challenger business bank focused on SME lending and deposits, founded with the help of Octet NED Tim Alexander. Broad incumbent competitor with overlap in business lending, deposits and treasury products for the same SME segment.
Emerging players
- Airwallex: Australian-founded cross-border payments and FX platform serving SMEs and mid-market businesses. Comparable to Octet's International Payments and FX feature and digital wallet, with overlapping target customer and Australian fintech heritage.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Octet social profiles
Digital presenceOctet financial estimates
Financial estimateRevenue estimate
Valuation estimate
Octet leadership team
Management profileNumber of profiles
Profiles5 records
Octet funding detail
Funding detailFunding overview
Funding rounds2 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Octet M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Octet
What does Octet do?
Octet operates an all-in-one working capital and business finance platform that enables SMEs to buy, sell, and get paid faster. Its suite integrates invoice/debtor finance (OctetDebtor), trade finance (OctetTrade), supplier payments (OctetExpress), term loans up to $5M, buyer protection against non-payment, and a rewards-based business line of credit (OctetPay), alongside a multi-currency digital wallet and FX-enabled international payments. The platform integrates with Xero and MYOB and incorporates airline rewards (Qantas Points and Velocity Points) on transactions.
Is Octet a public or private company?
Octet is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Octet founded?
Octet was founded in 2008. It employs 11 to 50 people.
Where is Octet based?
Octet is headquartered in Surry Hills, Australia, in the Oceania region.
How does Octet make money?
Five revenue lines are on record. Trade Finance Fees are the primary driver. The others are invoice/Debtor Finance, octetPay Line of Credit, international Payments & FX and term Loans.
Who are Octet's main competitors?
Direct peers on record are Prospa, Scottish Pacific (Westpac), Capiita, Moula, Plenti and Lumi. Broad incumbents are C2FO, Taulia and Judo Bank. Airwallex is listed as an emerging player.
Does Octet have an API?
No public API is recorded for Octet.
What industry is Octet in?
Octet's product category is Supply Chain Finance Platform. Its primary akta.pro industry code is BPAMAFAH, Card Issuing & Program Management Platforms. Its NAICS code is 522320 and its SIC code is 6199.