Octet are proud winners of the ‘Excellence in Business Lending’ award at the Fintech Australia awards. Find out more
Boost your purchasing power with a revolving line of credit.
Increase cashflow by unlocking the power of your receivables.
Pay your sellers on day one for a discount, and get extended terms.
Use your credit cards, bank account, and Octet finance to pay your sellers.
Wholesale
Manufacturing
IT hardware and equipment
Construction and engineering
Agribusiness
Retail
Materials
Pharmaceutical
Transport
Labour hire
Food and beverage
Healthcare
eCommerce
Easy access to all your credit cards, bank accounts, and Octet finance.
Do business in your language with over 200,000 members worldwide.
Pay your domestic or international suppliers with built in spot FX rates.
Track and validate your supply chain from purchase order to payment.
You’re in good hands with our bank-level security processes.
Earn valuable reward points for every dollar spent through Octet.
over $4 billion in annual supply chain transactions
across more than 200,000 members
in over 72 countries
Our mission is to power businesses through simpler, fairer and faster financing solutions.
With many years’ experience in business financing and payments, we maximise your growth opportunities, empowering your business by making local and global trading and operations easier.
Octet named Fintech Australia’s 2022 Excellence in Business Lending winner, recognising strong financial performance, brand growth and tech innovation.
Substantially increased $300m warehouse funding facility secured via a fund managed by MA Financial Group and other major Australian financial institutions.
Reached $2.5b in transaction volume and over 200,000 members in our global supply chain network.
Octet reaches 100,000 members globally and raises further $155m into securitisation warehouse. Partners with Bank of Queensland in order to deploy supply chain finance solutions across their network, whilst acquiring their Debtor Finance portfolio.
Reached $2b in transaction volume, raised $100m securitisation warehouse with Westpac and Challenger, launched Supply Chain Finance and Accounts Pay.
Reached $1b in transaction volume and launched Debtor Finance
Launched Business Link, a white label version of the Octet Platform for Westpac Group
Partnered with Qantas to offer business rewards
Launched OctetPay
Reached 700 members globally
Establishment of Australian Financial Institution to provide business grade credit lines to Octet Platform members
Founded and launched the Octet Supply Chain Platform
Chairman
Director
Co-CEO
Non-Executive Director
Peter Gammell is currently the Executive Chairman of Invictus Advisory Pty. Ltd and Non-Executive Chairman of Octet Finance Pty Ltd.
Prior to this role he was Chief Executive Officer of Seven Group Holdings and Deputy Chairman of Australian Capital Equity Pty. Ltd (ACE), the Western Australian based holding company associated with Mr. Kerry Stokes. He was the Managing Director of ACE for 21 years which is now one of Australia’s largest private companies.
He has served as a Director of Seven Network Limited from 1996 – 2010.
He was Chairman of the Seven Network Finance Committee and was a member of the Audit committee. He led the creation of the Seven Media Group, a joint venture between Seven Network Limited and the private equity firm Kohlberg Kravis Roberts & Co. in 2006.
He also served as a director of RM Williams Limited and National Hire Limited – public companies listed on the ASX.
In June 2010 Mr Gammell was appointed the Chief Executive Officer of Seven Group Holdings Limited, a public company listed on the Australian Stock Exchange which was formed as a result of the merger of Seven Network Limited and WesTrac Holdings Pty. Ltd. WesTrac is the Caterpillar equipment dealer for Western Australia, New South Wales, Australian Capital Territory and North East China.
Mr Gammell was the Chairman of Coates Hire, Australia’s largest equipment rental company having led the transaction in 2007 to acquire Coates Hire in a joint venture with the private equity firm Carlyle Group.
He was previously a Director of Consolidated Media Holdings Ltd (owner of 50 % of Fox Sports and 25% of Foxtel.)
He currently serves as a Director of Seven West Media Limited a (which was formed in 2011 by the merger of West Australian Newspapers Holdings with Seven Media Group.)
He is a Director of Thinksmart Ltd, a UK based consumer finance company which is listed on AIM in London.
In January 2018 he joined the Board of Directors of One ventures Pty Ltd a Venture Capital Investment management business with over $500m in Funds under management and serves on the Investment and Supervisory committees.
He is also currently the Chairman of Octet Finance, an Australian based Supply Chain finance company.
During Peter’s career he has been instrumental in acquiring and building multi-billion dollar enterprises with in excess of $10 billion of mergers and acquisitions.
Mr Gammell is a member of the Institute of Chartered Accountants of Scotland and holds a Bachelor of Science degree from the University of Edinburgh.
Clive started Scottish Pacific Business Finance Pty Ltd in 1988, which specialised in working capital finance and trade finance specifically for Australian and New Zealand SME’s. In 1991 Bank of Scotland bought into Scottish Pacific Business Finance, which was their first acquisition in Australia. Bank of Scotland sold out of Scottish Pacific Business Finance Pty Ltd in 1997.
In 1998 under the guidance of Clive, Scottish Pacific Business Finance became the first receivable financier to set up a SPV for securitising it’s SME exposures.
By the time Clive sold his company to Westpac Banking Group in 2000, Scottish Pacific Business Finance’s SME turnover volumes exceeded US$4 billion per annum and was the largest Factoring and Invoice Discounting organisation in the southern hemisphere as well as the largest privately owned receivable financing company in the world.
Clive joined the board of the global network of receivable financiers, Factors Chain International (FCI) in 1994 and became the Chairman for two years and continued to be on the board of the association/network until July 2014. The association has over 400 bank members in 75 different countries and represents more than 90% of the worlds receivable finance volumes, which currently exceeds US$3 Trillion per annum. Other directors on the FCI board included general managers from Bank of China, HSBC, Unicredit Bank, National Bank of Canada, TEB Bank Turkey, BB&T USA, Banca IFIS Italy.
Clive was the founder and past chairman of the Institute for Factors and Discounters of Australia and New Zealand, now known as the Debtor and Invoice Finance Association (DIFA). The organisation was formed in 1994 to represent the major providers of the debtor finance market. DIFA promoted the importance of the debtor finance industry to small and medium-sized enterprises (SME’s), trade associations, professional and government bodies.
Clive also spent many years as a Director of Bank of Scotland’s investments in Australia including Bank of Western Australia Holdings Ltd and Capital Finance Ltd.
From 2004 to 2011 Clive served as a non-executive Director of The National Hire Group, which had a 46% interest in Coates Hire Ltd, an Australian general equipment hire company. While there he occupied the roles of Chairman of the Audit Committee, Member of Nomination Committee and Chairman of Remuneration Committee. Clive oversaw National Hire Group’s acquisition of both Allight Holdings Pty Ltd and Sykes Group.
Clive later managed, as an independent non executive director, the business’ acquisition of the Coates Hire Limited business, making National Hire with Allight, the largest hire company in Australia and 6th largest hire firm in the world
Clive established the Octet Group in 2008 which provides technology to global financial institutions specialising in supply chain financing. Clive then introduced Octet Finance Pty Ltd as a financial institution into the Octet Group to provide a complete offering of finance to SMEs for their entire supply chain, utilising Octet’s unique closed community Platform.
In August 2018 Clive successfully completed a $100 million securitisation program for Octet Finance Pty Ltd. Note funders were Westpac Bank and Challenger Group. More recently this program has expanded to $200 million.
In August 2019, Clive oversaw the acquisition of Bank of Queensland’s Debtor Finance portfolio and effective partnership arrangement to deploy our non-competing supply chain finance solutions across the BoQ network, including a $55 million warehouse facility.
Brett has over over 15 years of experience in Private Equity, strategy, payments and Finance.
Brett is responsible for the overarching and commercial strategy, as well as the corporate growth function in the business, along with being very instrumental in product and sales development and implementation.
Brett’s vision of making Octet the primary platform for business finance and payments, is the foundation that has spawned proprietary developments, including Octet’s Digital Wallet for Business – a powerful tool enabling businesses with a range of funding capability to centralise their payments and finance.
Brett works closely with all business functions to drive growth and market share, namely:
– Creating and driving product opportunities for the business (IE: build new products to monetise customer/market opportunities)
– Driving the salesforce through each layer of sales funnel to achieve market penetration
– Building organic and inorganic opportunities to grow Octet
Due to his expertise, Brett has been instrumental in the recent LBO of the Bank of Queensland’s Business Finance portfolio, managing the valuation and diligence process entirely.
Prior to commencing with Octet, Brett served as a director at The Oxford Investment Group a private investment firm specialising in LBOs across an array of industries including industrial products, manufacturing, services, distribution, consumer hard goods and other selected companies with revenues ranging from $10M to $200M. Oxford has invested in 70+ businesses and has aggregate revenues in excess of $2bn.
Michael currently serves as Co-CEO across the Octet group. He is responsible for ensuring operational success and growth across 6 offices and 60+ team members. Michael also owns the technology function and is instrumental in the design, build and implementation of the Octet Platform, a world class supply chain financing and management platform that interlinks financial institutions, buyers and sellers on a global basis. The platform delivers a powerful digital wallet to clients, enabling their businesses with a range of funding capability to succeed, including a purchases facility that operates as a revolving line of credit, a receivable financing facility and connectivity to existing credit cards and bank lines. Octet’s strategic intent is to be the primary platform for businesses to manage and finance trade and our vision is a world of growing businesses.
In 2013, Michael co-founded Zip Money, a consumer digital wallet that integrates with online and offline merchants at the point of sale and enables consumers to have more choice in their payment behavior. Zip offers two key products, ZipPay that enables consumers to access a payment tool with no interest, and ZipMoney a lending product geared to higher value transactions. Zip listed on the ASX in September 2015 (ASX:Z1P) and has had tremendous market success as outlined in their 2021 investor presentation.
In 2002, Michael co-founded Netstarter, a digital agency specializing in design, development and integration of enterprise ecommerce. Netstarter established itself as a dominant player in the ecommerce market and amassed tier one retail clients including Athlete’s Foot, Lorna Jane, Pet Barn, Glue Store, Topshop, Dick Smith, Breville, Converse, Jax Tyres, Barbeques Galore, Retail Apparel Group, Sass & Bide and many more. Michael worked to grow Netstarter to a team of 150 strategic, creative and technical specialists across Australia and Sri Lanka before exiting the business in 2013 to Salmat Ltd (ASX:SLM).
Michael was awarded a full scholarship to the University of New South Wales in Sydney Australia through which he holds a Bachelor of Science, Business Information Technology degree with distinction. Michael is also a qualified Chartered Accountant and member of the Institute of Chartered Accountants Australia where he graduated within the top 5% of candidature (Management Accounting).
Tim began working with NAB in 1990, completing many roles focussed initially within the distribution and risk divisions of the Personal and Business Banks.
After completing a role as State Head in 2009, he progressed into a national role heading up small & emerging business. With an agenda for strategic change to drive efficiency into the network and improve customer experience, Tim successfully led the development and deployment of a dedicated onshore business call centre, a dedicated onshore credit writing centre, a bundled product offering and numerous banker development programs. In 2011, he moved into NAB’s Business Health division and performed a variety of roles, implementing a change agenda to uplift the specific business units. These roles included CEO of the claims payment subsidiary HICAPs and CEO of the medical practitioner focussed subsidiary Medfin.
Following these roles, Tim successfully led a business bank $80m project, executing a multi-dimensional change program that implemented transformational re-segmentation of customers, created seven new fulfillment centres nationally (600 staff), applied new technology, expanded call centre capabilities and reviewed and changed 4,000 roles.
In 2015, Tim moved on to consult into Australian banks, whilst preparing for the formal launch of Judo Capital (now Judo Bank). As one of the co-founders, Tim was initially appointed as Chief Operating Officer, then transitioning to Chief Product Officer, and played a key role in the establishment and design of the operating business. Key roles throughout the build of the business included Management Board Member, capital raisings, debt raisings, product development, technology implementation, development of key party relationships (legal, finance, consultancy etc), licensing, responsible manager and talent acquisition.
Tim is a member of Finsia, is recognised as a Chartered Banker by Experience, and holds a Graduate Diploma in Management from Latrobe University.
Get in touch with the team
Our inquisitive, innovative team lie at the heart of our collaborative culture. Mixing startup energy and dynamism with extensive industry experience, no challenge is too great.
Always nimble, our team move quickly, adapting to changing markets and competitive tensions. All the while, guided by an experienced, qualified leadership team who’ve established the business to last.
Work with a team that’s leading the way in the global supply chain financing industry.
We’re excited about giving businesses more control. Thankfully the media are too. Here’s where we’ve been featured in the press lately.
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