Scottish Pacific

What Scottish Pacific does

ScotPac, legally Scottish Pacific, is a privately-held Australian non-bank business finance company founded in 1988 and headquartered at Level 41, 25 Martin Place in Sydney. The company provides working capital and commercial lending solutions to small and medium-sized enterprises (SMEs) across Australia and New Zealand, where it positions itself as the largest specialist non-bank SME lender, with cumulative lending exceeding $2.25B and $26.3B in invoices funded annually across 9,300+ active clients.

The product portfolio spans six core facilities: invoice finance (advances against receivables), asset finance (new and pre-owned equipment and vehicles, funding within 24 hours), trade finance (import/export supplier payment solutions), business loans (48-hour conditional approval), revolving lines of credit, and home loans for business owners using residential security. Distribution operates through a hybrid model combining direct enquiry, self-serve online applications via apply.scotpac.com.au, and a broker/accountant channel with a dedicated Partner Portal. The technology footprint comprises six product-specific client and partner login portals — Cash Connector, Invoice Finance, eTrade, Property Finance, Business Lending, and Partner Portal — evidencing operational integration with clients' working capital cycles.

ScotPac generates revenue through transaction-based fees and net interest margins on its lending book, with quote-based individually negotiated pricing rather than published fee schedules. The customer base is highly diversified across industries including beverage, commercial maintenance, recruitment, manufacturing, and trade. The senior leadership team comprises a Chief Risk Officer (Charlotte Middleton), Chief Customer and Marketing Officer (Ben Cutler), and Chief Financial Officer (David Rose). The firm is currently investing in regulatory-driven product extensions such as its 'Payday Super' proposition ahead of the July 2026 Australian legislative change and publishes ongoing SME Growth Index research as a thought leadership and lead-generation asset.

Name

Scottish Pacific

Legal name

ScotPac

Website

https://scottishpacific.com

Company type

Private

Founded year

1988

Operating status

Operating

Headcount range

101–250 employees

Short description

ScotPac (Scottish Pacific) is Australia and New Zealand's largest specialist non-bank business lender, providing invoice finance, asset finance, trade finance, business loans, lines of credit, and home loans to over 9,300 SMEs across the two markets.

Ownership category

akta.pro rank

Product category

Commercial Lending

NAICS

Nondepository Credit Intermediation (5222), Credit Intermediation and Related Activities (522)

SIC

Short-Term Business Credit Institutions (6153), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Microloans & Working Capital Loans (FSAKAGAA)

akta.pro secondary industries

Trade Finance & Supply Chain Finance Platforms (FSAGAJAL), Supply Chain Finance (Trade Credit, PO/Inventory Financing) (FSAKAGAE), Supply Chain Finance (Approved Payables / Reverse Factoring) (FSABAHAC), Middle-Market Lending (FSANADAI)

Keywords

• Invoice finance
• Asset finance
• Trade finance
• Business lending
• Working capital

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Invoice Finance: ScotPac provides invoice finance solutions, unlocking value in unpaid invoices. Revenue generated through fees on funded invoices.
2. Asset Finance: Financing for new and pre-owned equipment, vehicles, and assets. Revenue from interest and fees on asset loans.
3. Trade Finance: Cash flow solutions for import/export of goods, managing supplier payments and extending payment terms.
4. Business Loans: Fast funding solutions for business growth including home loans for business owners. Revenue from loan interest and origination fees.
5. Line of Credit: Revolving credit facilities for ongoing working capital needs.

Go-to-market motion2 records

Distribution channels6 records

Marketing channels6 records

Core offering

Scottish Pacific (ScotPac) is Australia and New Zealand's largest non-bank business lender, providing working capital and business finance solutions to small and medium enterprises. Its core offerings include Invoice Finance, Asset Finance, Trade Finance, Business Loans, Line of Credit, and Home Loans for Business Owners, delivered through direct sales, self-service online portals, and an extensive broker and accountant partner network.

Product overview

ScotPac offers a unified platform of business finance solutions serving as Australia and New Zealand's largest non-bank lender. The product portfolio centers on working capital solutions including Invoice Finance, Asset Finance, Trade Finance, Business Loans, Line of Credit, and Home Loans for Business Owners. These products work together to address various business funding needs from managing day-to-day cash flow through invoice financing to funding major asset purchases and expansion. The company operates multiple digital portals (Cash Connector, Invoice Finance, eTrade, Property Finance, Business Lending, Partner Portal) to deliver these solutions to SMEs, corporate clients, and partners.

Differentiator

Problem solved

Functional benefit

Products and services

• Invoice Finance Unlocks the value in unpaid invoices by advancing funds against outstanding receivables, enabling businesses to offer longer payment terms to customers while maintaining operational liquidity. Targeted at SMEs and trading businesses.
• Asset Finance Provides financing for new and pre-owned equipment, vehicles, and assets (including imported equipment), with funding available in as little as 24 hours. Targeted at SMEs needing equipment, vehicles or asset purchases.
• Trade Finance Provides cash flow solutions to manage the import or export of goods, enabling businesses to pay overseas and domestic suppliers, increase stock levels, extend payment terms, and sell to overseas customers. Targeted at trading businesses involved in domestic or international commerce.
• Business Loans Fast, flexible, and personalised business loans for business owners with conditional approval in as little as 48 hours and flexibility on documentation requirements. Targeted at SMEs needing growth funding, debt consolidation, or contract funding.
• Line of Credit A flexible revolving funding facility that allows businesses to access capital as needed, enabling them to fund growth and working capital needs on their own terms. Targeted at SMEs requiring ongoing working capital flexibility.
• Home Loans for Business Owners Fast, flexible, and personalised home loans designed specifically for business owners, allowing them to use residential security for future business borrowing. Targeted at SME owners seeking to leverage residential property for business funding.

Quantifiable outcome

• 9,300+ businesses supported currently
• +4 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• BrokerscoreChannel Partner/ Reseller/ DistributorScotPac maintains an extensive network of broker partners who refer SME clients seeking business finance solutions. The company provides brokers with a Partner Portal and dedicated login systems to manage client applications and diversify their business offerings.
• AccountantscoreChannel Partner/ Reseller/ DistributorScotPac partners with accountants who serve as trusted advisors to SMEs. The partnership allows accountants to offer financing solutions to their clients during critical situations, with ScotPac providing cash flow lending expertise for time-sensitive needs.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• OnDeck: US-listed SME online lender providing term loans and lines of credit to small businesses. Closely comparable in target customer (SME), product mix (working capital/lines), and digital-first underwriting approach.
• Bibby Financial Services: Global specialist in invoice finance and factoring for SMEs, with established operations in Australia and New Zealand. Closest functional peer to ScotPac's core invoice finance and trade finance products.
• Fundbox: US fintech providing invoice-based working capital advances and lines of credit to SMEs. Directly comparable in invoice financing mechanics and SME customer base to ScotPac's invoice finance offering.
• Prospa: Australian-listed online SME lender offering small business loans and lines of credit. Direct competitor to ScotPac in the Australian SME working capital space, competing on speed, flexibility, and digital experience.
• BlueVine: US-based fintech offering invoice factoring, lines of credit, and term loans to SMEs. Directly comparable business model to ScotPac's invoice finance and working capital products, although operating in the US market.
• Moula: Australian digital alternative lender providing working capital and business loans to SMEs. Competes head-to-head with ScotPac on online application speed and SME underwriting outside the major banks.
• Praetura Commercial Finance: UK specialist provider of asset finance, invoice finance, and business loans to SMEs. Closely comparable specialist SME lender model to ScotPac, including channel partner distribution and flexible underwriting.

Broad incumbents

• Aldermore: UK challenger bank providing SME asset finance, invoice finance, and business loans. Comparable business mix in non-bank SME and asset-based lending, though operating in the UK rather than AU/NZ.
• Pepper Money: Australian non-bank lender offering residential, asset, and commercial finance to consumers and SMEs. Comparable as a fellow AU non-bank lender, with broader product scope than ScotPac's SME-focused suite.

Regional players

• Humm Group: Australia and New Zealand-based consumer and small business finance provider offering point-of-sale credit and asset finance. Comparable regional non-bank lender with overlapping SME/customer-facing finance products.

Market position

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/scottishpacific

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

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 Scottish Pacific