The secret is out and the interest is building.
Butn, described in the press as the ‘Zip.co for business’, is delighted to announce successfully raising $12.5 million in funding ahead of our planned IPO (set for the second half of this year).
It’s a significant first step — and one that didn’t go unnoticed, gathering media attention in The Adviser, AFR, Brisbane Times, The Age, Sydney Morning Herald, Smart Company and Business News Australia (to name just a few).
“This raise allows us to scale our business so that even more Australian small business owners can free their finances from legacy payment cycles,” explained Butn founder Rael Ross, the winner of the 2020 Australian Young Entrepreneur Award in the Digital Disruptor category.
Here’s a summary of some of the press coverage below:
Like Zip Co for B2B: Butn closes $12.5m pre-IPO raise (businessnewsaustralia.com)
Butn bags $12.5 million for tech offering advance payments to SMEs (smartcompany.com.au)
Lending platform now allows advanced commissions (brokernews.com.au)
Butn is reinventing the way cashflow works in business, delivering clever payment solutions at the click of a Butn. Through our new, unique platform we’re giving SMEs access to a never-before-seen scale of same-day funding.
We’re also partnering with B2B Marketplaces, including Service Platforms, Wholesalers, Distributors, Aggregators, CRM Systems, and FinTech Disruptors.
The goal is simple — to better serve businesses and customers — to drive growth and innovation. The best part is…we’re just getting started.
Keep checking in for the latest news.