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Butn Limited (ASX:BTN)

ALERT: Price-sensitive ASX Announcement for BTN
Current share price for BTN : $0.008 -0.021 (-72.41%)+
Announcement
Release
28 Apr 2026 8:22AM
Price at Release
$0.029
Full Release
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Summary
Butn Limited has announced the execution of a Memorandum of Understanding (MOU) with a leading Top 40 Global Bank to develop and deploy a buyer-led supply chain finance programme in Australia. This strategic partnership allows the Global Bank to provide funding for approved invoices while Butn provides its proprietary technology platform for invoice processing, validation, payments, and servicing. The collaboration is expected to significantly increase Butn's originations and revenue, leveraging the bank's balance sheet and corporate client base. This MOU positions Butn as a significant technology and operating partner for global financial institutions, with plans to roll out similar programmes globally.
Key Points
  • Butn Limited executed an MOU with a Top 40 Global Bank.
  • The MOU focuses on a buyer-led supply chain finance programme in Australia.
  • Butn will provide its proprietary technology platform for the programme.
  • The Global Bank will offer funding and credit underwriting for invoices.
  • The partnership is capital-light for Butn and uses the bank's balance sheet.
  • The MOU is a strategic milestone demonstrating Butn's growing relevance.
  • The programme is targeted to launch in Q3 of the 2026 calendar year.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.