Australia's Butn rises on higher transaction volumes, debt funding

Butn

08/06/2022 02:45

** Shares of B2B payments platform Butn Ltd  BTN.AX  rise as
much as 15% to A$0.1725, their highest since May 16 
    ** Co says originations on its payments platform in May were
A$28 mln ($20.24 mln), 44% higher than a year ago  urn:newsml:reuters.com:*:nASX2lFYs4 
    ** Originations in April were A$26 mln, a 45% increase from
the year-ago period
    ** Butn also gets A$12.5 mln in additional debt funding from
noteholders  urn:newsml:reuters.com:*:nASX2zKtYz 
    ** Shares record best intraday percentage jump since March
18
    ** BTN had lost more than half of its value this year, as of
last close 

($1 = 1.3833 Australian dollars)

 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))