Butn

Butn Limited (ASX: BTN) is a publicly traded Australian financial technology company specializing in business-to-business (B2B) transactional funding. The company was co-founded by Rael Ross and Walter Rapoport, who serve as Joint CEOs. Ross, a qualified accountant with a background in private practice and Big 4 firms, previously co-founded Tsikot.com, an online automotive platform in the Philippines. Rapoport brings over 25 years of experience as the founder and CEO of a manufacturing company that supplied major Australian retailers, providing him with firsthand insight into the cash flow challenges faced by small and medium-sized enterprises (SMEs).

Established to address working capital constraints for SMEs, Butn has been financing business transactions since 2015, launching its fintech solution in 2020 to digitize and automate the funding process. The company successfully listed on the Australian Securities Exchange (ASX) on July 6, 2021, after an oversubscribed IPO that raised $20 million. Butn's core business revolves around a platform model, integrating its technology with third-party platforms, such as accounting software provider MYOB, to offer embedded finance solutions. This strategic approach allows for scalable distribution of its funding products directly within the workflows of its partners' end-users. Revenue is primarily generated through a fixed funding fee charged on each transaction it finances.

Butn's product suite is designed to provide instant and accessible capital, encapsulated in their vision, "Your Money, Today." The platform automates customer onboarding, credit and risk assessment, funding, and collections. Key offerings include 'Butn Pay,' where the company pays a client's invoice or bill to provide them with extended payment terms; 'Butn X,' which offers extended payment terms to a business's customers without the business having to manage credit assessment or collections; and 'Butn Terms,' a comprehensive outsourcing solution for a company's accounts receivable. The system is built to approve financing for invoices, purchases, and commissions rapidly, often within minutes, facilitating smoother cash flow for businesses across a variety of industries.

Keywords: transactional funding, B2B finance, embedded finance, SME lending, working capital solutions, invoice financing, supply chain finance, accounts receivable funding, commission advancement, fintech platform, ASX:BTN, Rael Ross, Walter Rapoport, MYOB partnership, cash flow management, digital lending, automated credit assessment, business financing, trade finance, Australian fintech