Assessment
ScotPac is used by small and mid-size businesses in Australia and New Zealand that sell on credit to other businesses, such as wholesalers, manufacturers, recruiters, and transport firms, and need cash before their customers pay. It suits invoice finance, trade finance for imports, and equipment funding from one lender. ScotPac does not publish rates, and its main competitors are Earlypay, Butn, and the business lending arms of the big banks.
ScotPac started as Scottish Pacific in 1988, joined the ASX in 2016, and was bought by Affinity Equity Partners in 2018. It supports about 10,000 customers and finances about $18B of invoice turnover a year. Clare Morgan, previously at ANZ, became chief executive in September 2026.
It fits an established business with a sizable ledger of invoices that wants a larger facility and a relationship manager. It is a weaker fit for a business that wants to fund single invoices on demand inside its accounting software, which is what Butn is built for.
Rating by criterion
We score each of the eight criteria out of 100.
Sector criteria
ScotPac offers invoice finance, trade finance, asset finance, and business loans, so one lender can cover several cash-flow needs as a business grows. Invoice finance is its core, and it works best for a business that sells on credit to other businesses.
ScotPac lends directly and through a national network of brokers and introducers.
ScotPac has lent against invoices since 1988 and finances about $18B of invoice turnover a year.
Its public pages say little about accounting connections.
Vendor criteria
Asset finance started in 2018, and buying Business Fuel in 2022 added business loans. The company also lends in New Zealand.
Setup goes through a relationship manager or a broker, with a credit review of the sales ledger.
No rates or fees are published.
Facility terms are not public.
Against its peers
These are the other companies in lending and credit infrastructure, with their ratings.
Fact file
| Owner | Affinity Equity Partners, since December 2018 |
|---|---|
| Customers | About 10,000 |
| Invoice turnover financed | About $18B a year |
| Products | Invoice finance, trade finance, asset finance, business loans |
| Markets | Australia and New Zealand |
Competitive landscape
Australian business lenders and invoice-finance providers a business would compare with ScotPac.
ScotPac: 71
Comparisons
Key leadership
Clare Morgan became chief executive in September 2026, succeeding Jon Sutton, after leading business and private banking at ANZ.
How this review was created
This profile gives our own assessment of ScotPac to companies selecting a Lending & credit infrastructure provider. The Fintech Index receives nothing for featuring a firm, for sponsorship, or for advertising, and ScotPac gave us no payment for the profile.
The rating equals the average of eight criteria, with every criterion running from 0 to 100. Four address buyer needs in this sector, and four address the company together with its commercial terms.
Ratings are our editorial judgment, made from public information: pricing and legal pages, product documentation, compliance disclosures, and filings. Fact-checking took place on October 27, 2026. ScotPac reports its figures in Australian dollars. The amounts shown were converted to US dollars at the Federal Reserve H.10 rate of $0.7037 per Australian dollar on October 23, 2026.