Meet The Team

We’re accelerating growth — through innovation and bold ambition.

Informed by over 100 years of combined experience in financial services and technology, the Butn team has the knowledge and experience to power your business further with our clever funding solutions.

The Butn Leadership Team

Co-Founder, Joint CEO and Executive Director

Walter Rapoport

Walter co-founded the Group and was appointed Executive Director and Joint Chief Executive Officer of Butn in September 2020.

Walter co-founded the Group and was appointed Executive Director and Joint Chief Executive Officer of Butn in September 2020.

His career spans economics research and more than 25 years as the founder and CEO of a knitwear manufacturing company supplying Australia’s largest retailers, including a period as a licensee to Pierre Cardin.

Understanding the importance for small to medium sized enterprises (SMEs) to have access to cash flow and capital, he co-founded Butn with Rael Ross.

Walter has a proven ability to lead high performing teams throughout his career in manufacturing, finance, sales and marketing. He has vast experience in identifying, developing, and executing innovative receivables funding solutions and adapting products to digital transformations.

Mr Rapoport serves as Chairman of the Multicultural Chambers of Commerce Group and Chairs the Grampians Regional Advisory Council.

Walter graduated from Monash University with a Bachelor of Economics.

Co-Founder, Joint CEO and Executive Director

Rael Ross

Rael co-founded the Group and was appointed Executive Director and Joint Chief Executive Officer of Butn in September 2020.

Rael co-founded the Group and was appointed Executive Director and Joint Chief Executive Officer of Butn in September 2020.

Understanding the need for technology to enable financing and digital distribution as companies seek access to finance, he co-founded Butn with Walter Rapoport. With over 15 years' experience in financial services, technology and mentoring other start-ups, Rael has driven the establishment of the Butn fintech solution.

Rael has created, developed and executed technology and digital projects through several start-ups. Rael co-founded Tsikot.com, one of the leading online automotive platforms and the largest online automotive forum in the Philippines.

As a qualified accountant, Rael has worked in private practice, the Not-for-Profit sector and for Big 4 firms.

Rael was awarded a full scholarship at Monash University, where he completed a Bachelor of Accounting. In 2020, Rael was awarded Australian Young Entrepreneur across multiple categories.

CFO and Company Secretary

Darryl Lasnitzki

Darryl joined the Group as its Chief Financial Officer and Company Secretary in September 2020.

Darryl joined the Group as its Chief Financial Officer and Company Secretary in September 2020.

He has over 20 years of experience in assurance, financial advisory and senior finance roles across various entrepreneurial, fast growing businesses.

Darryl was previously chief financial officer and company secretary of Nuchev Limited (ASX:NUC), building that business from conceptual start-up to its ASX listing in 2019. Prior to that Darryl held a number of senior roles including group financial controller of Saracen Mineral Holdings Limited (ASX:SAR), as it transitioned from micro explorer to an ASX200 gold producer.

Darryl is a Chartered Accountant, holds a Graduate Diploma in Applied Corporate Governance and a Bachelor of Commerce from Monash University.

He is a member of the Institute of Australian Chartered Accountants and Fellow of the Governance Institute of Australia.

Chief Operating Officer

Mark Newstead

Mark joined the Group as Chief Operating Officer in February 2020. He is a corporate advisory professional with 15 years of experience.

Mark joined the Group as Chief Operating Officer in February 2020.

He is a corporate advisory professional with 15 years of experience. In particular, Mark has extensive experience in financial analysis with a focus on credit and business risk.

Prior to Butn, Mark joined a diversified financial services business as the first employee in an entrepreneurial team that grew the company into a $100m turnover organisation. Mark spent many years in the SME/corporate lending space as head of credit as well as within various operational roles.

Mark graduated from the University of the Witwatersrand, South Africa with a Bachelor of Commerce including Honours in Business Finance.

Chief Technical Officer

Abhinov Gulati

Abhinov joined Butn as Chief Technical Officer in January 2021. Abhinov is a specialist in design, architecture and rapid development of software solutions and mobile technologies.

Abhinov joined Butn as Chief Technical Officer in January 2021.

Abhinov is a specialist in design, architecture and rapid development of software solutions and mobile technologies. He has over 15 years' experience in delivering software solutions, using web and mobile technologies and delivering solutions from the ground up, from discovery to delivery.

Abhinov was previously IT director at Ganemo Group, taking several complex platforms from ideation to market, accelerating their growth and conducting technology audits for growth companies and acquisitions.

Abhinov holds a Bachelor of Software Engineering from University of New South Wales.

Chief Information Officer

Simran Gambhir

Simran joined the Group as Information Officer in January 2021. Simran was the chief technology officer of Flybuys, Stone & Chalk and News Interactive.

Simran joined the Group as Information Officer in January 2021.

Simran was the chief technology officer of Flybuys, Stone & Chalk and News Interactive (a subsidiary of News Corp Ltd). He also brings experience as a technology advisor to major investment banks, venture capital funds and has been an investor in numerous successful startups.

Simran graduated from the University of New South Wales with a Bachelor of Science (Computer Science) and is currently completing a Masters in Cyber Security (Advanced Tradecraft) through the Australian Defence Force Academy.

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