Bigtincan (ASX:BTH) has entered in to an agreement to borrow $15m to fund AI technology development

Henslow is pleased to have acted as Joint Lead Manager to Bigtincan’s $15m loan facility. The company entered into an agreement to borrow the funds from Regal Funds Management, one of Bigtincan’s largest institutional shareholders. Funds raised will be used to accelerate generative AI technology development.

Bigtincan is a software company that has developed an AI-powered sales enablement automation platform aimed at achieving improved success of sales and customer satisfaction. The mobile platform solution features the industry’s premier user experience that empowers sales representatives to more effectively engage with customers and prospects and encourages team-wide adoption.

This is the fifth capital raising Henslow has conducted for Bigtincan and we look forward to continuing to support them as they continue to become a global leader in AI-powered sales software solutions.

We look forward to seeing the progress of Bigtincan’s generative AI technology suite, GenieAI.