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The latest announcement is out from Butn Limited ( (AU:BTN) ).
Butn Limited has secured a $10 million corporate credit facility with Mighty Partners to enhance its operational growth and strategic initiatives. This non-dilutive funding will support Butn’s expansion in the receivables and trade finance sector, strengthening its capacity to deliver value to customers and shareholders. The partnership with Mighty Partners, a growth credit lender, is expected to provide strategic support and growth capital, positioning Butn for its next development phase.
More about Butn Limited
Butn Limited is an Australian Business-to-Business (B2B) funder that innovates the way small and medium-sized enterprises (SMEs) fund and grow their businesses. The company specializes in transactional funding, helping SMEs overcome working capital constraints by financing individual transactions through leveraging the end debtor’s credit. Butn has provided over $2.5 billion in funding to Australian businesses.
Average Trading Volume: 229,663
Technical Sentiment Signal: Buy
Current Market Cap: A$38.41M
See more insights into BTN stock on TipRanks’ Stock Analysis page.