- Butn (BTN) announces two new partnerships to integrate its funding solutions
- The business-to-business funder has today partnered with real estate software and solutions provider, Agentbox, to integrate ButnNow in its platform
- This will give real estate agents early access to commissions after a one-time online registration based on a fixed fee per transaction model
- This follows yesterday’s deal with Ready Media for Butn to integrate its ButnPay technology to create buy now, pay later solution, Ready-Pay
- Company shares ended the day 4.41 per cent in the green to close at 35.5 cents
Butn (BTN) has partnered with real estate software and solutions provider, Reapit Agentbox.
Under the partnership, Butn has integrated its ButnNow product within Agentbox’s online platform to give real estate agents early access to commissions after a one-time online registration based on a fixed fee per transaction model.
ButnNow allows businesses to claim their commissions instantly which unlocks cashflow and eliminates wait times. Over the next six months, the product will be rolled out to Agentbox users which covers over 2000 offices across Australia.
Butn Co-founder and Co-CEO, Rael Ross, commented on the partnership.
“The Agentbox partnership provides real estate agents with access to their commissions in a simple, seamless and most importantly timely manner. Cash flow solutions like these are critical to the health of small businesses, the growth engine of the Australian economy.”
This partnership follows one signed just yesterday with Ready Media who’s an Australia-based client-centric property media business.
Similar to the Agentbox deal, Butn has integrated one of its products within Ready Media’s platform to create Ready-Pay which is a buy now, pay later solution.
Butn will integrate its ButnPay technology to allow commercial property vendors to fund the cost of their sales marketing campaign, shifting that payment towards the transaction’s settlement.
The Ready-Pay product will be rolled out to Ready Media’s users which comprise over 2000 active agency clients.
Mr Ross was pleased to partner with Ready Media, claiming it’s a “dynamic and forward-thinking” company.
“This partnership further cements Butn’s position as a key player in the real estate funding space, especially off the back of COVID-19 as property auctions and sales begin to pick up.”
Company shares ended the day 4.41 per cent in the green to close at 35.5 cents.