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- Butn (BTN) has entered into a partnership with business messaging provider, OZEDI, increasing Butn’s customer base
- Melbourne-based OZEDI is one of Australia’s largest digital delivery providers, administering software to customers from superannuation to payroll and e-Invoicing
- Under the initial two-year deal, OZEDI will distribute the full Butn funding product solution to its customers, including a strong pipeline of new clients being onboarded in CY2022
- The first joint integrations are expected in 1H 2022, with plans to onboard both current and new clients on an ongoing basis
- Butn shares are up 4.63 per cent to trade at 28.3 cents at market close
Butn (BTN) has entered into a partnership with business messaging provider, OZEDI, increasing Butn’s customer base.
Melbourne-based OZEDI is one of Australia’s largest digital delivery providers, administering software to customers and enabling them to safely and securely send critical data from superannuation to payroll and e-Invoicing.
The business currently services more than 150 software platforms, supporting a customer base of over 50,000.
Under the initial two-year agreement, OZEDI will distribute the full Butn funding product solution across its customer base, including a strong pipeline of new clients being onboarded in CY2022.
The first joint integrations are expected in 1H 2022, with plans to onboard both current and new clients on an ongoing basis and Butn expects revenue from this partnership to be material over time.
Butn co-founder and co-CEO, Rael Ross, said the partnership was a great example of the advantage it has in its ability to fully integrate into partner platforms.
“It allows Butn to leverage the high levels of integrity, security and reliability that OZEDI has established with its customers in order to deliver a powerful cashflow solution technology to OZEDI’s clients,” he said.
“By integrating the Butn solution within their payments and invoicing systems, their end users will have quick access to cashflow which is critical at this time of increased growth off the back of COVID-19.”
OZEDI CEO, Christian Walkerden, also commented.
“With the critical nature of cashflow issues being elevated during the pandemic, combined with the need to find elegant digital solutions, the time has well and truly come for cashflow solutions and services to be made available to businesses directly from within their native software,” Mr Walkerden said.
“After making the strategic judgement that this service was increasingly essential, OZEDI spent more than 12 months of due diligence and careful assessment to confirm that Butn represents the cutting edge and are the clear market leader for this technology.”
Butn shares were up 4.63 per cent to trade at 28.3 cents at market close.
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