About Butn
Butn is a company based in Sydney (Australia) founded in 2018 by Rael Ross and Walter Rapoport. Butn has raised $12.5 million across 2 funding rounds. Butn offers products and services including Invoice Finance, Outsourced Credit Terms, Instant Purchases, and Customised Solutions. Butn operates in a competitive market with competitors including Stripe, Square, Flutterwave, PayU and Vanco Payment Solutions, among others.
- Total Equity Funding$12.5M (USD)
in 2 rounds
Products & Services of Butn
Butn offers a comprehensive portfolio of products and services, including Invoice Finance, Outsourced Credit Terms, Instant Purchases, and Customised Solutions.
Enables early payment of receivables to improve business cash flow
Handles credit risk and collections for business customers
Provides upfront supplier payments with flexible repayments
Offers tailored funding options for specific business needs
Funding Insights of Butn
Butn has successfully raised a total of $12.5M across 2 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $12.5M
- Total Rounds 2
- First Round $12.5M
(Apr 2021)
All 2 funding rounds of Butn with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2023 | – | Post-IPO | – | – | – |
| Apr 2021 | $12.5M | Series B | – | – | – |
People of Butn
8 people are tracked at Butn (7 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
Rael Ross | Co-Founder | Leadership |
Walter Rapoport | Co-Founder | Leadership |
Dean Berelowitz | Head Of Finance & Company Secretary | Leadership |
Jacinta G. | Head of Customer Experience | Leadership |
William Donovan | Head Of Strategic Marketing And Product Experience | Leadership |
Mohit Kesarwani | Head Of Program Delivery | Leadership |
Mark Newstead | Chief Operating Officer | Leadership |
Jude Adler | Key Account Sales Representative | Team |
Complete people profiles for Butn
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IPO & Listings of Butn
Butn is a publicly listed company on the ASX with ticker symbol BTN in Australia, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date06 Jul 2021
- Listed onASX: BTN
- Listed entityBUTN LIMITED
- Exchange sectorTechnology services
Timeline of Butn
4 dated milestones of Butn across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Butn is founded.
- Funding First funding round of $12.5M.
- IPO Lists on the stock exchange (IPO).
- Funding Latest funding round, Post-IPO,.
Competitors of Butn
Butn operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Stripe, Square, Flutterwave, PayU and Vanco Payment Solutions, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| stripe.com | 2009 | San Francisco, United States | $9.81B | 5,904 | Payment processing and card issuance solutions are provided for businesses. | |
| squareup.com | 2009 | San Francisco, United States | $519.75M | 11,372 | POS solutions are provided for retail businesses. | |
| flutterwave.com | 2016 | San Francisco, United States | $319.41M | – | Provider of payment processing solutions for businesses | |
| payu.com | 2002 | Amsterdam, Netherlands | $35.15M | 1,200 | Online payment processing and credit solutions are provided for businesses. | |
| vancopayments.com | 2007 | Atlanta, United States | $127M | 257 | Payment gateway solutions are provided for faith-based organizations and nonprofits. | |
| aciworldwide.com | 1975 | Omaha, United States | – | 4,732 | Digital payments are processed and managed via specialized solutions. | |
| cybersource.com | 1994 | Foster, United States | – | – | Global e-commerce payment processing and security services are managed. | |
| wirecard.com | 1999 | Aschheim, Germany | – | 4,989 | Payment processing solutions are provided for businesses and merchants. |
Detailed competitors of Butn
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Web traffic of Butn
The website of Butn (butn.co) receives about 3.9K visits a month.
- Monthly visits3.9K
▼ 46.9% vs previous month
Latest news on Butn
Complete news archive for Butn
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Similar companies to Butn
10 companies that operate in the same segment as Butn (Alternative Lending), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
A peer-to-peer marketplace for business loans is operated and developed. | 2010 | London, England, United Kingdom | USD 372.67 M | USD 299.61 M | 726 | |
Diversified loans are provided via an AI-enabled online marketplace. | 2012 | Palo Alto, California, United States | USD 128.65 M | USD 1.04 B | 1,190 | |
Various consumer loans and financial services are offered online. | 2011 | San Francisco, California, United States | USD 3.04 B | USD 4.77 B | 5,000 | |
Purchase financing solutions are offered to businesses via installment payments. | 2019 | Dubai, Dubai, United Arab Emirates | USD 837 M | – | – | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 349.23 M | USD 106.45 M | 1,749 | |
Credit score checking and comparison platform for financial products | 2007 | San Francisco, California, United States | USD 869.77 M | – | – | |
Financial benefits platform for on-demand pay is provided to employees. | 2018 | London, England, United Kingdom | USD 133.02 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – | |
Digital lending and instant credit lines are provided to individuals. | 2016 | Gurugram, Haryana, India | USD 115 M | USD 18.69 M | 81 | |
Personal loans and lines of credit are provided by Mogo. | 2008 | Vancouver, British Columbia, Canada | – | USD 49.45 M | – |
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Frequently Asked Questions about Butn
Butn was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Butn is headquartered in Sydney, Australia. It is registered at Sydney, New South Wales, Australia.
Butn is a funded company, having raised a total of $12.5M across 2 funding rounds to date. The company's 1st funding round was a Series B of $12.5M, raised on Apr 2021.
Founded in 2018 and based in Sydney, Australia, operations in the fintech sector are conducted by the company. A platform is offered to businesses, enabling payment financing, pre-delivery payments, commission and fee handling, as well as sending and receiving payments. Services are tailored to streamline financial transactions for users in various industries.
Butn's top competitors include Stripe, PayU and Flutterwave.
Butn offers Invoice Finance, Outsourced Credit Terms, Instant Purchases, and Customised Solutions.
Yes, Butn is publicly traded on ASX under the ticker symbol BTN.
Butn operates through But N Ben Ltd.