Business Daily Media

Butn expands position in freight sector with Freightlancer partnership


Butn Limited (ASX: BTN; Butn) is pleased to announce a strategic partnership with Australia’s largest freight marketplace Freightlancer, expanding its position in the freight marketplace and management sector.

Freightlancer is a subsidiary of the world’s largest freelancing and crowdsourcing marketplace by number of users and jobs posted, Freelancer (ASX: FLN; OTCQX: FLNCF). Freightlancer simplifies the supply chain for freight owners and transport companies through its global freight marketplace and app, making the transporting of loads simple and transparent.

Under the agreement, Butn will provide Freightlancer with a customised solution (Butn Terms) which combines features across the Butn product range. The automated end-to-end business transaction funding solution provides Freightlancer customers with a range of payment terms, assisting in their cashflow needs.

Rollout is expected in 1H 2022, commencing with the Australian market. The agreement is for an initial term of two years.

Butn expects revenue from this partnership to be material over time, due to the size of the market opportunity and the extensive Freightlancer customer base.

Co-founder and Co-CEO of Butn, Rael Ross said: “This partnership with Freightlancer cements our position as a leading SME cashflow solutions provider in the freight sector. It’s another example of Butn’s competitive advantage, embedding into partner platforms, providing end business users with the cashflow they need in seconds. It allows Butn to leverage Freightlancer’s leading market position to deliver a powerful cashflow solution to their customers at this time of increased demand.”

Freelancer CEO Matt Barrie added: “With the ongoing COVID-19 pandemic elevating supply chain issues and freight deliveries, the demands on freight owners and operators have increased significantly. By integrating Butn’s platform into our leading marketplace and app, we are simplifying the way owners and operators can manage the demands of invoicing, providing them with an easy-to-use solution that offers terms against invoices on job completion.”

 

Business Reports

Cash Flow Uncertainty from Australian Small Business Owners is Impacting their Mental Wellbeing

Released today, American Express’ Working Capital Research1 explores the impact cash flow uncertainty has on the mental health and wellbeing of Australian small business owners2 (SBOs).   The report found that 49% of SB...

4 Tips For Planning a Work Conference

Planning a work conference can be extremely exciting, yet also quite stressful. Some say that it can even be on par with planning a wedding, So, it's important that you have the right elements in place since unfortunately, man...

HSBC Chief Economist: Travel a bright spot amid global challenges

Paul Bloxham reveals key insights from his upcoming keynote talk at Flight Centre Corporate’s #Illuminate2022 conference  Amid the global challenges of high inflation, supply chain disruptions and the conflict in Ukraine...

Unit4 Signs New ISV Partnership with eConnect

Unit4, a leader in enterprise cloud applications for people-centric organisations, today announced that it has signed a new partner deal with eConnect International, a Dutch market leader in multi-channel invoice and ord...

Recovery from a disaster like Hurricane Ian takes years, and nonprofits play many pivotal roles before and after FEMA aid runs out

The rebuilding in places like Matlacha, Fla., won't happen overnight.AP Photo/Gerald HerbertMassive storms like Ian and Fiona mark the beginning of a long and frustrating process for anyone who loses their home and possessions.Rec...

Bandits are losing interest in robbing banks, as some crimes no longer pay

John Dillinger, played by Warren Oates (pictured) in the 1973 film 'Dillinger,' allegedly robbed 24 banks.Bettmann via Getty ImagesBank robbery is a high-profile crime that fascinates many people.Movies have been made about famous...

Web Busters - Break into local search

WebBusters.com.au