Stenn is a non-bank trade finance provider specializing in cross-border trade. Its programs provide cash flow benefits to both parties in a cross-border trade transaction, with suppliers being paid when goods are shipped, while buyers are able to pay at a later date. The company finances companies of all sizes across a wide range of industry sectors including global companies in retail, wholesale, manufacturing, and industrial technology. The company was founded in 2015 and is based in London, U.K.
Latest Stenn News
Sep 5, 2023
Stenn Technologies, the leading digital fintech enabling growth for businesses engaged in international trade, e-commerce and digital services, has partnered with OOCL Logistics, the world-class logistics and supply chain services provider, to power the ‘OOCL Logistics Trade Finance’ program on a fully integrated basis. The innovative logistics and supply chain solutions company is exceptionally well-positioned to serve global markets with an extensive, growing network of more than 150 offices in over 50 countries/regions. Utilizing Stenn’s award-winning risk assessment and financing technology, OOCL Logistics will offer buyers and suppliers access to highly scalable invoice-backed capital and payment services, conveniently accessible through its PODIUM® platform. For suppliers, the partnership offers myriad benefits including allowing them to have invoices paid sooner on a non-recourse basis. Due to Stenn’s unique embedded technology providing direct access to finance, they can get funding within 72 hours of shipment. Meanwhile, buyers are able to access better payment terms from their suppliers, whilst simultaneously helping them to preserve much needed capital, or even add new suppliers. This latest partnership for Stenn is another crucial step in fulfilling the company’s mission to bridge financial gaps by providing funding accessibility across complex global supply chains. Commenting on the partnership, Peter De Souza, VP of Partnerships at Stenn, said: “Today’s partnership announcement with industry leader, OOCL Logistics, comes as a much-needed solution to the most critical issue facing 65 million underserved SMEs globally, their lack of access to affordable working capital. The integration of Stenn’s risk assessment and financing technology into the PODIUM® platform, means together with OOCL Logistics we are bringing virtually seamless access to affordable finance so suppliers and buyers may realize their international trade ambitions and supercharge their growth. Stenn is proud to play its part in closing the US$5 trillion trade finance gap with OOCL Logistics.” Commenting on the partnership, Ken So, Assistant General Manager, Commercial & Business Development at OOCL Logistics, Project Leader of the Trade Finance program said: “Having thoroughly searched the market, we are pleased to be teaming up with Stenn Technologies as our exclusive partner for trade finance. From their leading technology platform to pain-free solution implementation and high-quality training and support, Stenn truly stood out from other eFaaS providers. We look forward to helping our clients improve the resilience of their global supply chains through our OOCL Logistics Trade Finance program, and our innovative partnership with Stenn.” People In This Post Fintech Fintech Fintech Insurtech News
Stenn Frequently Asked Questions (FAQ)
When was Stenn founded?
Stenn was founded in 2015.
Where is Stenn's headquarters?
Stenn's headquarters is located at The Bower, 207-211 Old Street, London.
What is Stenn's latest funding round?
Stenn's latest funding round is Line of Credit - III.
How much did Stenn raise?
Stenn raised a total of $1.15B.
Who are the investors of Stenn?
Investors of Stenn include Crayhill Capital Management, Centerbridge Partners, Coface, Barclays Bank and Natixis.
Who are Stenn's competitors?
Competitors of Stenn include MODIFI and 5 more.
Compare Stenn to Competitors
Africa Global Trade Finance (AGTF) operates as a financial institution. The company offers services such as pre-shipment finance, post-shipment finance, import finance with supplier payments, stock finance, and more. It serves small and medium-sized enterprises, commodity importers, exporters, and more. It was founded in 2016 and is based in London, England.
Tradewind provides customized working capital solutions for small and medium-sized enterprises. It offers non-recourse international export factoring and supply chain financing. The company was founded in 2000 and is based in Monchengladbach, Germany.
Drip Capital operates as a financial technology company. It builds an online solution to offer timely and founder-friendly small business loans and focuses on post-shipment finance, export bill discounting, and more. It was founded in 2015 and is based in Palo Alto, California.
MODIFI operates as a global financial technology company. It offers digital solutions that help small and medium-sized businesses (SMBs) to manage their trade finance and international trades. The company was founded in 2018 and is based in Amsterdam, Netherlands.
Interlinkages is a B2B cross border trade finance platform that matches trade flows of Corporates with global trade finance capacities of Financial Institutions.
TradeAssets is a Dubai-based, digital Trade Finance marketplace for banks.