Octet

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.

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

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

• Supply chain finance
• Working capital solutions
• Invoice financing
• Trade finance platform
• SME business lending

Headquarters

HQ city

Surry Hills

HQ country

Australia

HQ region

Oceania

Offices5 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. 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
2. 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
3. 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
4. International Payments & FX: Foreign exchange services for cross-border supplier payments, generating revenue through FX margins and transaction fees on currency conversions
5. 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

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core 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

Named customers3 records

Segments13 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

Feature10 records

Partnerships

Eleven partnerships are on record, tiered strategic, core and supporting.

• Mastercard (MENA Region)strategicStrategic or Co-development Partner · 9 July 2025Strategic 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 RewardscoreGTM or Marketing PartnerLoyalty 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 FlyercoreGTM or Marketing PartnerLoyalty 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.
• OFXsupportingTechnology or IntegrationForeign 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-BordersupportingTechnology or IntegrationFX service provider supporting foreign exchange operations within Octet's working capital platform. Enables businesses to pay international suppliers with competitive rates.
• VisasupportingTechnology or IntegrationCard payment network extending card funding to Octet transactions. Enables Octet customers to fund supplier payments using Visa Business or Corporate cards.
• MastercardsupportingTechnology or IntegrationCard 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 ExpresssupportingTechnology or IntegrationCard 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)supportingTechnology or IntegrationCloud 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.
• XerocoreTechnology or IntegrationAccounting 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.
• MYOBcoreTechnology or IntegrationAccounting 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

Direct 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

• LinkedInlinkedin.com/company/octet-finance/posts/?feedView=all

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Octet