Octet’s technology-driven finance offering has secured a partnership agreement to provide B2B supply chain finance products to the Bank of Queensland.
In the first phase of this arrangement, Bank of Queensland will transfer its existing debtor finance business effective immediately, with Octet assuming responsibility for all the bank’s debtor finance clients across Australia. As part of this relationship, Bank of Queensland will be providing a funding warehouse to Octet.
Octet, an Australian supply chain finance specialist with more than $2bn in annual transactions, will seek to expand the partnership through integrating its suite of SME supply chain finance solutions within the bank.
The Octet-Bank of Queensland collaboration is the first time Octet has aligned with a traditional lender in the business finance market.
