Clive Isenberg is an Australian businessman and Managing Director of Australian financial technology company Octet Group.
He founded Scottish Pacific Debtor Finance, an Australian trade-finance/invoice-discounting company (7th largest private company 1997–2000), which used factoring within the Australian market. During his time there he built Scottish Pacific to have greater than 50% of the Australian invoice discounting and factoring market share, to approximately $4 billion in annual volume. [1]
In 2000 he sold Scottish Pacific Business Finance to St. George Bank, where he then assumed the position of general manager of its business customer division.
Isenberg was a director of Bank of Scotland subsidiaries in Australia including Capital Finance Ltd, BOS International Ltd, and the holding company of Bank of Western Australia.
Isenberg was also chairman of Factors Chain International (now known as FCI), an international association of more than 400 leading banks and other cash flow financiers excess of 80 countries, actively engaged in more than 80% of the world's cross-border factoring volume. [2]
Isenberg was the founder and past chairman of the Institute for Factors and Discounters of Australia and New Zealand, now known as the Debtor and Invoice Finance Association. The organisation was formed in 1994 to represent the major providers of the debtor finance market. DIFA promoted the importance of the debtor finance industry to small and medium-sized enterprises, trade associations, professional bodies and government [3] [4]
Isenberg served as a non-executive Director of The National Hire Group from 2004-2011, which has a 46% interest in Coates Hire, an Australian general equipment hire company. [5] While there he occupied the roles of Chairman of the Audit Committee, Member of Nomination Committee and Chairman of Remuneration Committee. Clive oversaw the National Hires acquisition of both Allight Holdings Pty Ltd and Sykes Group.
Isenberg later managed the business’ acquisition of the Coates Hire Limited business, making National Hire with Allight, the largest hire company in Australia and 6th largest hire firm in the world. [6] [7] [8] [9]
Isenberg founded the Octet Group in 2008, an Australian financial technology company providing supply chain finance and working capital finance services in Australia and international markets. [10]
Trade credit is the loan extended by one trader to another when the goods and services are bought on credit. Trade credit facilitates the purchase of supplies without immediate payment. Trade credit is commonly used by business organizations as a source of short-term financing. It is granted to those customers who have a reasonable amount of financial standing and goodwill.
Factoring is a financial transaction and a type of debtor finance in which a business sells its accounts receivable to a third party at a discount. A business will sometimes factor its receivable assets to meet its present and immediate cash needs. Forfaiting is a factoring arrangement used in international trade finance by exporters who wish to sell their receivables to a forfaiter. Factoring is commonly referred to as accounts receivable factoring, invoice factoring, and sometimes accounts receivable financing. Accounts receivable financing is a term more accurately used to describe a form of asset based lending against accounts receivable. The Commercial Finance Association is the leading trade association of the asset-based lending and factoring industries.
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National Australia Bank Limited is one of the four largest financial institutions in Australia in terms of market capitalisation, earnings and customers. NAB was ranked the world's 21st-largest bank measured by market capitalisation and 52nd-largest bank in the world as measured by total assets in 2019.
Lazard Inc. is a financial advisory and asset management firm that engages in investment banking, asset management and other financial services, primarily with institutional clients. It is the world's largest independent investment bank, with principal executive offices in New York City, Paris and London.
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Daiwa Securities Group Inc. is a Japanese investment bank that is the second largest securities brokerage after Nomura Securities.
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Debtor finance is a process to fund a business using its accounts receivable ledger as collateral. Generally, companies that have low working capital reserves can get into cash flow problems because invoices are paid on net 30 terms. Debtor finance solutions fund slow-paying invoices, which improves the cash flow of the company and puts it in a better position to pay operating expenses.
Farmers Trading Company Ltd is a New Zealand mid-market department store chain. Headquartered in Flat Bush, Auckland, Farmers operates 59 stores across New Zealand, specialising in family fashion, beauty, homewares, furniture, large appliances and whiteware.
Coles Group Limited is an Australian public company operating several retail chains. Its chief operations are primarily concerned with the sale of food and groceries through its flagship supermarket chain Coles Supermarkets, and the sale of liquor through its Coles Liquor outlets. Since its foundation in Collingwood, Victoria in 1914, Coles has grown to become the second-largest retailer in Australia after its principal rival, Woolworths, in terms of revenue.
SME finance is the funding of small and medium-sized enterprises, and represents a major function of the general business finance market in which capital for different types of firms are supplied, acquired, and costed or priced. Capital is supplied through the business finance market in the form of bank loans and overdrafts; leasing and hire-purchase arrangements; equity/corporate bond issues; venture capital or private equity; asset-based finance such as factoring and invoice discounting, and government funding in the form of grants or loans.
Macquarie Group Limited, more commonly known as Macquarie Bank, is an Australian multinational investment banking and financial services group headquartered in Sydney and listed on the ASX.
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ING Vysya Bank was a privately owned Indian multinational bank based in Bangalore, with retail, wholesale, and private banking platforms formed from the 2002 purchase of an equity stake in Vysya Bank by the Dutch ING Group. This merger marked the first between an Indian bank and a foreign bank. Prior to this transaction, Vysya Bank had a seven-year-old strategic alliance and shareholding arrangement with erstwhile Belgian bank Banque Bruxelles Lambert, which was also acquired by ING Group in 1998.
Kriya is a British business finance lender, specialising in invoice finance, business loans and embedded finance. It is described as a FinTech company.
Supply chain finance is a form of financial transaction initiated by the ordering party in order to help its suppliers to finance their receivables more easily and at a lower interest rate than the rate available commercially. Similarly, under reverse factoring, a third party facilitates an exchange by financing the supplier on the customer's behalf. The term also refers to practices used by banks and other financial institutions to manage capital invested into the supply chain and reduce risk for the parties involved.
Aztec Money is an online global marketplace that provides export trade financing as an alternative to traditional bank loans, lines of credit, and invoice factoring. The platform enables businesses to sell invoices, via a marketplace, to non-bank institutional investors on terms the business chooses. Aztec Money is headquartered in Ireland and operates in Africa, Asia, Europe and the Americas with a localised focus on export focused suppliers.
A business loan is a loan specifically intended for business purposes. As with all loans, it involves the creation of a debt, which will be repaid with added interest. There are a number of different types of business loans, including bank loans, mezzanine financing, asset-based financing, invoice financing, microloans, business cash advances and cash flow loans.
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