Australia and New Zealand’s non-bank business lender ScotPac, and global financial services firm Ebury have announced a new partnership aimed “at making trading on a global scale faster and more accessible for all businesses.”
The collaboration will provide clients of both businesses “with ready access to ScotPac’s working capital solutions, and Ebury’s global expertise in foreign exchange and cross-border payments.”
For businesses of any size or location, the technology-backed platforms “operated by ScotPac and Ebury will make doing business with international customers as simple as dealing with local trade partners.”
ScotPac claims that it is “the largest and longest-standing provider of financial solutions for Australian and New Zealand SMEs, with an unmatched breadth of products that includes flexible trade finance products designed to help businesses grow across borders.”
Its significant recent investment “in technology has supported lending growth of more than 80 per cent in the past two years.”
Ebury operates a global trade platform that “provides financial services – including payments, collections and currency exchange insights and tools – to more than 50,000 clients worldwide.”
It facilitated more than one million cross-border payments “across 140 currencies in the past 12 months.”
The partnership will more closely “align ScotPac’s working capital solutions with Ebury’s currency exchange and international payment services and offer significant advantage for any businesses involved in international trade.”
Key benefits include:
- Insights and capabilities: Easy access to a broader range of expertise and trusted insights for companies navigating the complexities of international trade.
Simplified Transactions: Streamlined transactions that allow businesses to handle both trade finance and currency exchange needs in a more cohesive and efficient manner, reducing the administration time required. - Improved Cash Flow Management: Integrated solutions can help to smooth cash flow impacts by providing options that align with payment times and trade cycles and help to mitigate foreign exchange risks.
ScotPac CEO, Jon Sutton, said the new partnership with Ebury provided “a perfect fit for its clients as SME demand for global trade support was growing rapidly.”
Mr Sutton said:
“We are delighted to partner with Ebury to round out a comprehensive, holistic and tech-enabled solution for our trade finance clients. For SMEs looking to expand globally, reliable and experienced foreign exchange and payment insights is critical.”
Ebury Managing Director for APAC, Rick Roache, said Ebury “was excited to be working with ScotPac and expanding the options for its customers.”
ScotPac is Australia and New Zealand’s largest non-bank SME business lender, “providing funding to small, medium and large businesses from start-ups to enterprises exceeding $1 billion revenues.”
For 35 years ScotPac has “helped thousands of business owners succeed, offering fast and flexible funding. From simple to complex, small to large, start up, growth or turnaround – ScotPac can help with a range of funding from Invoice, Trade, Asset Finance and Business Loans.”