Butn, an Australian fintech can now fund “near-instantaneous” supply chain and invoice financing transactions using customer data following its data integration partnership with Salesforce.
Business finance platform Butn enables third-party platforms to offer a range of financial products including receivables finance, supply chain finance and business loans from within their existing ecosystem.
The group’s new range of products, including ButnX, ButnPay, ButnNow and ButnPlus, integrate with Salesforce to provide financing for businesses in less than five minutes, rather than the days or weeks seen with traditional business lending.
According to co-founder Rael Ross, “The company has already attracted a pool of 100,000 potential end users from around Australia, as well as almost a dozen B2B aggregators and digital marketplaces.”
