Octet enters partnership with Corpay Cross-Border

By Delisha Fernandes

Octet, a tech-enabled business lender, has announced a new collaboration with Corpay Cross-Border Solutions.

Through this collaboration, Octet and their business customers will have the opportunity to gain access to and utilise Corpay’s innovative hedging tools that can help clients mitigate their exposure to foreign exchange risk. Additionally, Corpay Cross-Border’s platform will enable them to manage their global payments from a single point of access.

“We believe our partnership will bring immense value to Octet customers who seek enhanced efficiency in payment processes and expert management of FX exposure throughout the entire supply chain,” said David Britten, Managing Director APAC at Corpay Cross-Border. “Our comprehensive cross-border payments and currency risk management solutions will empower businesses in Australia to seamlessly navigate cross-border payments, strategically address currency risk, and help drive their global business expansion aspirations.”

Recognising the challenge of maintaining consistent cash flow for businesses, Octet provides both a strong alternative and complimentary funding solution to traditional banks. Corpay Cross-Border customers will have access to Octet’s innovative trade finance, debtor finance and digital wallet solutions.

Brett Isenberg, Co-CEO Octet, said, “Corpay are a very significant player in the Australian and global business payments landscape, who we’re extremely proud to partner with. This collaboration is exciting for Octet in that it gives us the opportunity to work with Corpay and their expansive Australian client base in finding innovative working capital solutions to meet their evolving cash flow challenges. When you consider the current turbulent economic conditions and subsequent restricted funding appetite from the big banks, the opportunity is amplified.”