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Mighty Partners Backs Butn with $10 Million Corporate Credit Facility
Gracie Smith
June 16, 2025

Mighty Partners is pleased to announce it has signed an indicative, non-binding term sheet to provide a corporate credit facility of up to $10 million to ASX-listed fintech Butn Limited (ASX: BTN). The facility will support Butn’s continued growth and sits alongside a $10 million equity placement announced to the market today.

View ASX announcement.

Butn is an Australian Business-to-Business (‘B2B’) funder innovating the way SMEs fund and grow their businesses. Butn focuses on transactional funding – funding SME businesses through their working capital constraints by financing individual transactions, leveraging the end debtor’s credit. With a vision of “Your money, today” Butn delivers cashflow funding solutions at the click of a Butn having funded over $2.5 billion to Australian businesses.

The Mighty facility is structured as a two year corporate credit facility up to $10 million with the potential to upsize subject to mutual agreement.

As part of the facility structure, Mighty will be granted equity options with a notional value of $1 million, exercisable at a 20% premium to the offer price of the equity raise for a 12-month period.

This partnership reflects Mighty’s focus on providing non-dilutive capital to high-growth ASX-listed and private software and technology-enabled companies across Australia and New Zealand.

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