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ScotPac and APositive forges alliance across Australia and New Zealand

By Gloria Mathias

April 17, 2024

  • APAC news
  • APositive
  • Australia
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SoftPac, Fintech Funding, Fintech News, Fintech Solutions, SMEs, SME Solutions, Fintech SMEs, Fintech Funding Product, SME Funding, SMBs, Cash Line, Australia, APAC News, APositive, Payroll Managment, Non-bank business lender ScotPac, and payroll funding and back-office solutions provider APositive, have struck a partnership to provide a suite of critical services to businesses in the recruitment and labour-hire sectors across Australia and New Zealand (ANZ).

ScotPac has a flexible range of SME finance solutions for any non-bank business lender in the ANZ region. APositive specialises in tailored payroll solutions for recruitment, labour hire and other contingent labour industries. It has processed more than 120,000 contractor timesheets, and leveraging its custom-built technology platform, it has funded over $3 billion in payroll for its hundreds of clients since 2013.

Features of the new partnership between ScotPac and APositive include:

  • Scotpac will exclusively offer APositive’s payroll solution services to support its strong list of [labour hire] clients.
  • ScotPac’s Business Development Managers will promote APositive’s services throughout its extensive broker and introducers network.
  • Via cross-promotion, recruitment and staffing clients of both businesses will have rapid access to best-in-class technology and expertise to help them finance and manage all their payroll obligations.

Craig Michie, Group Executive, Client Acquisition at ScotPac, said the new partnership would provide cash flow certainty and peace of mind for more recruitment and staffing businesses.

“ScotPac has always enjoyed a great relationship with the recruitment and labour-hire sectors, and we intimately understand the critical roles that cash flow and payroll management play,” Michie said.

“By partnering exclusively with the market-leading payroll funding and back office solutions provider in APositive, we are giving our clients the best chance to grow and succeed, particularly those in the start-up phase when help is needed most. We look forward to leveraging the synergies across our two businesses to provide an unrivalled package of services for existing clients and new entrants in this thriving sector.”

Danny Marlow, CEO of APositive, said, “Establishing and growing a recruitment or labour hire agency is a challenging endeavour, and finance and payroll management are two of the most complex yet vital ingredients. APositive has been helping recruitment and labour-hire businesses in Australia and New Zealand start, scale and succeed for more than 10 years.”

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