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Freightlancer in Butn link for billing services

Billing Solution to Boost Australian Expansion

Matt Barrie

An Australian-owned marketplace and freight management system has partnered with local business-to-business lender Butn as the former seeks to expand locally.

Freightlancer, a subsidiary of publicly traded Freelancer, which runs a global freelancing and crowdsourcing marketplace, is seeking personalized services from publicly listed transactional finance provider for small and medium-sized businesses, Butn.

“With the ongoing Covid-19 pandemic elevating supply chain issues and freight deliveries, the demands on freight owners and operators have increased significantly,” said Freelancer CEO Matt Barrie.

“By integrating Butn’s platform into our leading market and application, we are simplifying the way owners and operators can manage billing requests, providing them with an easy-to-use solution that offers terms against invoices upon completion of the work.”

Under the agreement, Butn is to provide Freightlancer with a custom solution, Butn Terms, which combines features from Butn’s product line.

“The automated end-to-end trade finance solution offers Freightlancer customers a range of payment terms, helping them meet their cash flow needs,” Butn noted.

The rollout is expected before the middle of the year, starting with the Australian market.

“This partnership with Freightlancer solidifies our position as the leading provider of treasury solutions for SMEs in the freight industry,” said Butn co-founder and co-CEO Rael Ross.

“This is another example of Butn’s competitive advantage, integrated into partner platforms, providing end users with the cash flow they need in seconds.

“This allows Butn to leverage Freightlancer’s market-leading position to provide a powerful treasury solution to its customers during this time of increased demand.”

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