Australia and New Zealand’s leading 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 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 an industry-leading global trade platform that provides financial services – including payments, collections and currency exchange services 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 advantages for any businesses involved in international trade.

Key benefits include:

• Expert 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.

“We are delighted to partner with Ebury to round out a comprehensive, holistic and tech-enabled solution for our trade finance clients,” Mr Sutton said.

“For SMEs looking to expand globally, reliable and experienced foreign exchange and payment insights are critical.”

“When combined with our flexible trade finance products, Ebury’s services will help our clients enter new markets, establish international operations, and conduct business on a global scale. It will also give them back precious time to focus on growing their businesses,” Mr Sutton said.

Ebury Managing Director for APAC, Rick Roache, said Ebury was excited to be working with ScotPac and expanding the options for its customers.

"Both Ebury and ScotPac can boast a rare combination of market-leading products, cutting edge technology and best-in-market service,” Mr Roache said.

"As a customer-solutions focused business, we wanted a partner that could provide an enhanced offering for our customers.

“With its 35 year record of supporting SMEs, and the scale and breadth of its complementary lending products, our partnership with ScotPac will ensure our customers are the real winners,” Mr Roache said.