Meet the Team

Informed by over 100 years of combined experience in financial services and technology, the Butn team has the knowledge and experience to power your business further with our clever funding solutions.

Co-Founder, Joint CEO and Exec. Director

Rael Ross profile picture

Rael Ross

Rael co-founded the Group and was appointed Executive Director and Joint Chief Executive Officer of Butn in September 2020.

Understanding the need for technology to enable financing and digital distribution as companies seek access to finance, he co-founded Butn with Walter Rapoport. With over 15 years' experience in financial services, technology and mentoring other start-ups, Rael has driven the establishment of the Butn fintech solution.

Rael has created, developed and executed technology and digital projects through several start-ups. Rael co-founded, one of the leading online automotive platforms and the largest online automotive forum in the Philippines.

As a qualified accountant, Rael has worked in private practice, the Not-for-Profit sector and for Big 4 firms.Rael was awarded a full scholarship at Monash University, where he completed a Bachelor of Accounting. In 2020, Rael was awarded Australian Young Entrepreneur across multiple categories.

Co-Founder, Joint CEO and Exec. Director

Water Rapaport  profile picture

Walter Rapoport

Walter co-founded the Group and was appointed Executive Director and Joint Chief Executive Officer of Butn in September 2020.

His career spans economics research and more than 25 years as the founder and CEO of a knitwear manufacturing company supplying Australia’s largest retailers, including a period as a licensee to Pierre Cardin.

Understanding the importance for small to medium sized enterprises (SMEs) to have access to cash flow and capital, he co-founded Butn with Rael Ross.

Walter has a proven ability to lead high performing teams throughout his career in manufacturing, finance, sales and marketing.

He has vast experience in identifying, developing, and executing innovative receivables funding solutions and adapting products to digital transformations.

Mr Rapoport serves as Chairman of the Multicultural Chambers of Commerce Group and Chairs the Grampians Regional Advisory Council.

Walter graduated from Monash University with a Bachelor of Economics.

Chief Operating Officer

Feb 2020

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Mark Newstead

Mark joined the Group as Chief Operating Officer in February 2020. He is a corporate advisory professional with 15 years of experience.

In particular, Mark has extensive experience in financial analysis with a focus on credit and business risk.

Prior to Butn, Mark joined a diversified financial services business as the first employee in an entrepreneurial team that grew the company into a $100m turnover organisation. Mark spent many years in the SME/corporate lending space as head of credit as well as within various operational roles.

Mark graduated from the University of the Witwatersrand, South Africa with a Bachelor of Commerce including Honours in Business Finance.

Head of Engineering

April 2023

Nicholas Maait

Nick joined us in April 2023 as our Head of Engineering. He brings over 15 years of experience in software engineering.

His background in building systems for the retail, physical security, online gaming and financial services industries brings the diversity required to succeed in the world of FinTech today.

Nick has a track record of building high-performing engineering teams and delivering world-class software products. His passion for innovation and commitment to excellence are evident in every project he leads.

Nick's leadership and technical expertise have spearheaded transforming local engineering operations into global initiatives that have expanded across four continents. His vision and dedication drive our team to new heights, ensuring we continue delivering cutting-edge solutions for our partners and customers.