Butn Ltd. provides financing solutions that integrate with existing marketplaces and third party platforms to offer financing for business to business transactions. The company is headquartered in Melbourne, Victoria. The firm provides transactional funding to small and medium enterprises. This includes factoring, supply chain finance and commission advancement across a range of industries. In addition, it has developed a financial technology solution to extend its funding approach and leverage reach through third party platforms. The Company’s funding solutions include Butn Pay, Butn Terms, Butn Now, Butn X and Butn Plus. Butn Pay enables organizations to pay instantly for goods and services, and choose the repayment terms. Butn Terms enables organizations to outsource all their accounts receivable, including onboarding through to payments and collections. Butn Now enables businesses to claim their commissions instantly. Its subsidiaries include Butn IP Pty Ltd, Australian Factoring Company Pty Ltd, Action Funding Pty Ltd, Faultless Recovery Services Pty Ltd, AFC 2018-1 Trust, AFC 2019-1 Trust and NZ Factoring Company Ltd.
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Here are the latest articles on Butn (ASX: BTN)
Hit the Butn: B2B lender sees platform growth with rise in new SME registrations
April 11, 2024
There are over two million small and medium-sized businesses peppered across Australia, making up over 97% of all businesses in the country. However, many struggle to survive primarily because of cash flow issues. That’s where B2B funder Butn (ASX: BTN) comes in, helping SMEs manage their finances. In Q3 FY24, ending March 2024, the Company
Butn reports significant growth in platform lending and record user registrations
April 27, 2023
Australian finance service company Butn (ASX: BTN) has reported a strong performance for Q3 FY23, with record originations and revenue. The quarter’s loan originations totalled $109.0 million, up 77% on the previous corresponding period, with March representing another record month with $41.1 million in originations. Butn’s quarterly platform originations also increased significantly, up 158% on
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