ScotPac Business Finance

What ScotPac Business Finance does

ScotPac Business Finance (legal name Scottish Pacific Business Finance Pty Ltd) is the largest non-bank business lender and largest specialist provider of working capital solutions in Australia and New Zealand, founded in 1988 and headquartered at Level 41, 25 Martin Place in Sydney. The company serves over 9,300 SMEs, large corporates, and importers/exporters with a multi-product platform spanning Invoice Finance (facilities up to AUD 200 million), Asset Finance (up to 100% of asset value, 24-60 month terms), Trade Finance (up to 100% of order value, up to 150 days, multi-currency), Line of Credit (up to AUD 500,000), Business Loans, and a Corporate Finance division providing Asset Based Finance facilities up to AUD 200 million for M&A and capital raising without conventional bank covenants. Supporting products include ATO Debt restructuring, Bad Debt Protection, Progress Claim Finance, and a Payday Super Solutions product launched ahead of the July 2026 regulatory change. Annual invoice funding volume stands at AUD 26.3 billion with cumulative SME lending exceeding AUD 2.25 billion.

The business operates a hybrid go-to-market combining relationship-led direct sales, an extensive broker and accountant partner network with a dedicated Partner Portal, self-serve digital application portals for select products (same-day decisions, 24-hour funding), and dedicated corporate finance transaction teams offering indicative approval in 3 days. Revenue is generated through transaction-based fees on invoice discounting, interest charges and facility fees on asset and trade finance, usage-based pricing on the Line of Credit (3% establishment fee plus AUD 85 monthly administration fee), and bespoke pricing on Corporate Finance facilities. Technology capability was expanded in March 2022 through the acquisition of Business Fuel Finance, a fintech lender whose proprietary credit engine and digital lending platform underpin online origination and data-driven credit assessments; the company also operates multiple product-specific client portals (Cash Connector, Invoice Finance, eTrade, Property Finance, Business Lending) and maintains trade advisory support in Guangzhou, China. ScotPac is privately held with no disclosed external parent company, two wholly-owned subsidiaries (Integral Collections Pty Ltd and Business Fuel Finance Pty Ltd), and has won The Adviser's #1 Invoice Finance ranking for five consecutive years from 2022 to 2026.

Name

ScotPac Business Finance

Legal name

Scottish Pacific Business Finance Pty Ltd

Website

https://scotpac.com.au

Company type

Private

Founded year

1988

Operating status

Operating

Headcount range

251–500 employees

Short description

ScotPac Business Finance is Australia's and New Zealand's largest non-bank business lender, founded in 1988, providing invoice finance, asset finance, trade finance, business loans, and asset-based lending facilities up to AUD 200 million to over 9,300 SMEs and corporate clients.

Ownership category

akta.pro rank

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Offices8 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Invoice Finance: ScotPac's flagship product allowing businesses to access the cash value of their unpaid invoices. Clients can receive up to 85% of invoice value upfront, with the remaining balance released upon customer payment. Facility fees are charged as a percentage of the invoice value. Funding limits can reach up to $200 million and grow with the business.
2. Asset Finance: Financing for the purchase of new or pre-owned equipment, vehicles, and machinery. Clients can access up to 100% of asset value with terms of 24 to 60 months. Revenue generated through interest charges and facility fees.
3. Trade Finance: Working capital facility bridging the gap between purchasing goods and receiving payment. Provides funding for up to 150 days and up to 100% of order value in multiple currencies for importers and exporters. Revenue earned through facility fees and interest.
4. Business Loans: Fast, flexible business loans and home loans for business owners, with conditional approval in as little as 48 hours. Uses residential or business assets as security for future borrowing.
5. Line of Credit: Flexible credit facility allowing businesses to borrow up to $500,000, withdrawing as much or as little as needed with only interest charged on drawn amounts. Establishment fee of 3% of facility limit plus monthly administration fee of $85.
6. Asset Based Finance (Corporate): Large-scale asset-backed financing for corporate clients, providing up to $200 million for mergers and acquisitions, capital raisings, and working capital needs without restrictive bank covenants.

Pricing tiers

Go-to-market motion4 records

Distribution channels6 records

Marketing channels9 records

Core offering

ScotPac is Australia's and New Zealand's largest specialist non-bank provider of working capital solutions, offering invoice finance, asset finance, trade finance, business loans, and lines of credit to small and medium enterprises, plus asset-based corporate facilities up to $200 million for larger corporates. The company funds against business assets such as invoices, equipment, inventory and property rather than requiring residential real estate as collateral, with funding often available within 24-48 hours for eligible businesses.

Product overview

ScotPac Business Finance operates as a multi-product business finance platform offering a comprehensive suite of working capital and lending solutions for SMEs and corporate clients across Australia and New Zealand. The core product portfolio includes Invoice Finance, Asset Finance, Trade Finance, Line of Credit, and Business Loans, which collectively address various business funding needs from managing cash flow and paying wages to purchasing equipment and funding expansion. For corporate clients, ScotPac offers larger facilities up to $200 million through Corporate Finance, including Asset Based Finance for mergers and acquisitions and capital raising activities. The platform also includes specialized solutions such as ATO Debt restructuring, Bad Debt Protection, and Payday Super Solutions. The company expanded its digital lending capabilities through the 2022 acquisition of Business Fuel, an online lender with a proprietary credit engine.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Customers grow at 3x the Australian GDP rate
• +7 more outcomes

Named customers17 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Business Fuel FinancecoreStrategic or Co-development Partner · 7 March 2022ScotPac acquired Business Fuel, an online fintech lender, in March 2022 to expand its digital lending capabilities and offer online business loans in Australia and New Zealand. The acquisition enabled ScotPac to leverage Business Fuel's proprietary credit engine and digital platform for faster, data-driven credit assessments and broader financing options for SMEs. Business Fuel operates as a subsidiary of ScotPac with its own business lending portal.

Scale indicators9 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Prospa: Australia's leading online lender to small businesses, offering working capital, business loans, and lines of credit. Directly comparable non-bank SME lender in Australia and New Zealand with overlapping product set (line of credit, business loans) and similar target segment.
• Moula: Australian online business lender providing working capital and business loans to SMEs. Directly comparable as a non-bank lender using technology-driven credit assessments and serving similar SME cash-flow financing needs.
• Bibby Financial Services Australia: Global invoice finance and factoring specialist with a significant Australian operation. Directly comparable in invoice finance, trade finance, and asset-based lending to SMEs and mid-market businesses.
• OnDeck Australia: Australian operation of OnDeck, providing online small business loans and lines of credit. Comparable non-bank SME lender using data-driven underwriting to serve the same target customer.
• Spotcap: Australian online small business lender offering lines of credit and business loans. Directly comparable non-bank fintech lender serving SMEs with technology-driven, fast-decision working capital products.
• Plenti: Australian fintech lender providing automotive, renewable energy, and business loans. Comparable as a listed Australian non-bank lender using technology platforms to originate credit outside the major banks.

Broad incumbents

• Judo Bank: Australian challenger bank focused on SME lending and business finance. Comparable as it competes in the SME working capital and asset finance space with a relationship-led model and is increasingly winning share from incumbents.
• Pepper Money: Australian non-bank lender with broad product range including SME asset finance, business loans, and equipment finance. Comparable non-bank lender operating in adjacent SME financing segments.
• Liberty Financial: Australian non-bank financial services group offering asset finance, business lending, and trade finance. Comparable as an established non-bank competitor with diversified SME and equipment finance products.
• La Trobe Financial: Australian non-bank specialist in asset-based lending, trade finance, and investment management. Comparable as a sizeable non-bank lender with overlapping asset finance and trade finance offerings in Australia and New Zealand.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/scotpac
• Xx.com/scotpacbf

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments1 record

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

Frequently asked questions about ScotPac Business Finance