Butn is a company that helps its customers to secure the cash flow in their business. It enables faster transactions and offers Buy now pay later (BNPL) products. The company aims for customers who are merchants. Recently, the brand signed a deal with the company Easi after its IPO launch. Easi is a successful food delivery service for Asian food.
What is Butn?
Butn is a company that offers its customers an easy way to solve the cash flow. That platform allows businesses to manage their payments. The brand helps merchants manage the cash flow in their business. It works directly in the merchant’s payment system. Its partnership with Easi is useful for restaurants and delivery drivers. So, merchants and delivery drivers can request money by using Butn. Besides, they can receive the money on the same day, even within minutes.
How will the partnership with Easi affect the food delivery drivers and riders?
Butn aims to help the cash flow for businesses and delivery drivers. The company merges with the merchant’s payment system. It makes money transfers faster and safer. Now, Butn offers only B2B (business to business) BNPL options. Besides, the Australian delivery company Easi will start offering BNPL products through Butn in March. Their partnership will also attract delivery drivers to work for Easi. As a result, they can have quick access to their profits.
Is Butn going to partner with other delivery companies?
The co-founder of the brand said that the company might seek partnerships with other delivery companies. However, the brand wanted to see how its connection with Easi would turn out. The company is the first to offer its customers prompt access to their money. There is a reason for the success of Butn. It is a result of the Coronavirus pandemic. Even more, the demand for food delivery and online shopping has soared. The managing director of Easi claimed more people registered to become drivers for the company. That was due to the unemployment increase as a result of COVID-19.