Australian B2B payments platform Butn rises most in 2 wks on rev growth
28/01/2022 04:58
** Shares of B2B payments platform Butn Ltd BTN.AX climb
as much as 3.9% to A$0.265, set for their best session since
Jan. 13
** Says quarterly revenue rose 21% to A$1.4 million
($983,640.00) urn:newsml:reuters.com:*:nASX9RQ7ZS
** December originations grew 44% to A$25 mln
** Co-founder, co-CEO, Rael Ross attributes performance to
recent partnerships with OZEDI, a digital delivery provider, and
Freightlancer, a freight marketplace provider, among others
** Stock on track for first session of gains since Jan. 19
** BTN has shed 25% of its value this year as of last close
($1 = 1.4233 Australian dollars)
(Reporting by Harshita Swaminathan in Bengaluru)
((Harshita.Swaminathan@thomsonreuters.com))