Startup · $12.5m raised
Every investor coverage indicates participated in a round Butn raised.
| Investor | Rounds | Invested |
|---|---|---|
| Wilson Asset Management | Unnamed stage | - |
| Regal Funds Management | Unnamed stage | - |
| MYOB | Unnamed stage | $5,000,000 |
| Canaccord Genuity | Unnamed stage | - |
The transaction that ended Butn's run as a startup, per published coverage. It closes the funding history too, where it is the ladder's last rung.
| Bought by | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| - | IPO | 6 Jul 2021 | ~$80m | SmartCompany (Fri 9 Jul 2021), Australian FinTech (Wed 7 Jul 2021), Startup Daily, SmartCompany (Mon 5 Jul 2021), Australian FinTech (Fri 2 Jul 2021) |
Companies Butn acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Name | Role | Sources |
|---|---|---|
| Helen Louise Lea | Director | Australian FinTech |
| Rael Ross | Joint CEO and Executive Director · Founder | Australian FinTech (Wed 7 Jul 2021), Startup Daily, SmartCompany (Mon 5 Jul 2021), Australian FinTech (Fri 2 Jul 2021), Australian FinTech (Tue 13 Apr 2021), SmartCompany (Mon 22 Feb 2021), Australian FinTech (Sun 21 Feb 2021) |
| Suzanne Ewart | Chairman | Australian FinTech |
| Walter Rapoport | Joint CEO and Executive Director · Founder | Australian FinTech (Wed 7 Jul 2021), Startup Daily, SmartCompany (Mon 5 Jul 2021), Australian FinTech (Fri 2 Jul 2021), SmartCompany (Mon 22 Feb 2021) |
Stories naming Butn. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
ANZ has confirmed talks to buy accounting software firm MYOB from private equity owner KKR, with a reported price above $4.5 billion, though no agreement has been reached and regulators must still approve any deal.
Commonwealth Bank has bought a fifth of Australian payments fintech Paypa Plane to improve SME payments, while the article also notes MYOB's recent acquisitions of Nimbus and Tall Emu and partnerships with Butn and Valiant.
Also Startup Daily
ASX-listed fintech Butn has appointed MYOB executive Helen Lea to its board as MYOB Australia's representative, citing her senior corporate experience across several major Australian and multinational companies.
Weekly roundup reporting Butn's ASX listing, Cicada Innovations' renewed health-sector partnership, and fresh raises by Kāhu, FL0, Lyka, Sourse AI and Evos.
Butn Limited, an Australian B2B transactional funder for SMEs, closed an oversubscribed $20 million IPO and begins ASX trading under code BTN on 6 July 2021, with MYOB raising its stake to 19.9 percent.
Also SmartCompany·Startup Daily·Australian FinTech·SmartCompany
Cut Through Venture's debut quarterly newsletter rounds up Q1 2021 raises across Australian and New Zealand startups, highlighting crowdfunding, fintech dominance, active investors, and two newly launched startups currently seeking backers.
Daily roundup: Canberra pulls ads from Facebook amid the news block, Facebook faces inflated-metric allegations, the ASX All Tech index turns one, Butn raises pre-IPO funding, and VBreathe banks a fresh round.
Business BNPL provider Butn has banked $12.5 million ahead of a planned ASX float and struck a deal letting Easi's delivery riders and merchants tap same-day early payments.
Also SmartCompany·Startup Daily·Cut Through Venture·SmartCompany·Startup Daily·Australian FinTech