Leading supply chain finance and technology provider, Octet has today announced an exciting new senior leadership structure, with Brett Isenberg and Michael Rom transitioning into the role of Co-CEO. The move which was effective July 1, recognises the key contributions of both Brett and Michael to the positive trajectory of the Octet supply chain transactional business, particularly over the last 4 years.
Founder of Octet, Clive Isenberg (also the founder of Scot-Pac Business Finance), will continue to be involved at an executive level in the business.
Commenting on the move, Co-CEO, Brett Isenberg said: “both Michael and I are immensely proud and excited to be recognised as leaders of the Octet business, as we move into the future, continuing the businesses unrelenting efforts in achieving our vision of connecting and growing the world’s businesses. Whilst we are well on our way to becoming a major destination for Australian businesses to manage and finance their payables and receivables, there is still much room for improvement within our range of working capital solutions, ensuring that we’re fully listening to business market appetite in the current and forecast economic climate.”
Co-CEO, Michael Rom added: “We’re offering businesses an opportunity to scale, trade globally (and domestically) with confidence, diversity of funding, and create strong cash flow runways in times of both positive growth and global economic uncertainty. With the supply chain continuing to tighten across a diverse range of industries, coupled with rapidly rising interest rates and inflation, our innovative supply chain technology helps to provide peace of mind and transparency for our SME customers and their wider supply chain networks.”
Octet were recently named the 2022 Excellence in Business Lending winner at this year’s Fintech Australia Awards. The Seventh Annual Edition of the prestigious awards celebrated the success of dynamic players in the Australian fintech industry, recognising strong and sustainable growth and innovation.
ENDS.
Media contacts:
Duncan Khoury
Octet Finance Pty Ltd
dkhoury@octet.com
+614 21 700 783
About Octet
Australia’s leading supply chain financier, Octet specialises in providing working capital and payments solutions to Australian business’ and their global and local trading partners.
Established in 2008, Octet’s vision is to connect and grow the world’s businesses via simpler, fairer and faster supply chain finance solutions.
Octet’s market-leading working capital solutions include:
- Trade Finance –access increased purchasing power with a competitive, convenient line of credit – up to 120-day payment terms and 60 days interest-free.
- Debtor Finance – relieve cash flow strain and get up to 85 per cent of your invoices paid immediately.
- Supply Chain Accelerate – unlock liquidity with a revolutionary working capital solution, funding 100 per cent of your supplier invoices upfront, with 90-day payment terms.
- OctetPay –pay smarter across borders with your chosen funding source, whilst using our bank-beating FX rates to get upfront visibility of exactly what you’ll pay in your local currency, while your supplier gets paid in their choice of 15 currencies.
