Lend welcomes Butn to panel

Lend welcomes Butn to panel

Business lending platform Lend has welcomed cash flow financier Butn to its panel of lender partners.

The loan-matching platform has announced that the payments and cash flow finance fintech Butn will now be available to brokers using the Lend platform.

The partnership will give brokers access to the fintech’s supply chain financing (ButnPay), advanced invoice payments (ButnX) and commission advances (ButnNow) products, which integrate with Salesforce and cloud-based platforms.

The ButnX and ButnPay products are exclusively available to mortgage brokers, with ButnNow available to mortgage brokers and real estate agents.

Speaking of the new addition to the panel, Bill Baker, CEO of Lend, commented: “We’re delighted to have Butn onboard and expect their offering will resonate with brokers and their business clients alike.

“We expect Butn’s funding solutions to have widespread appeal due to the speed of funding, independently of the amount required. This alleviates the universal challenge of uneven working capital, which often adversely affects operations,” he continued.

Donelle Brooks, head of third party at Lend, concurred, adding: “The addition of Butn to Lend’s platform is timely based on many businesses still finding it extremely challenging to access funding, which is compounded if funds are required quickly.

“We’re highly supportive of solutions that remove cash flow gaps and place business owners back in the ‘driver’s seat’. Consequently, we expect Butn’s offering to enable businesses to be more proactive and opportunistic with their cash flow management.”

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Source: Lend welcomes Butn to panel – The Adviser