3 years ago

Fintech Platform Stenn Secures $50 Million Series A to Expand SME Financing Globally

  • London-based fintech platform Stenn has raised $50 million in a Series A funding round led by US firm Centerbridge

  • The company, which provides invoice financing to SMEs globally, will use the funds to support marketing, product development, and team expansion

  • Stenn's platform connects SMEs with institutional capital from partners like Barclays and HSBC, having facilitated over $6 billion in financing across 70 countries

  • The latest investment values Stenn at $900 million.

      • ProblemFinancial Services

      "Small and medium-sized enterprises (SMEs) engaged in international trade face a significant challenge in accessing the necessary financing to support their growth."

      Solution

      "Stenn provides a financing platform that connects SMEs with large financial institutions, offering invoice financing solutions. By leveraging data analysis and algorithms, Stenn mitigates credit, fraud, and compliance risks, making it easier and faster for SMEs to access funding and for financial institutions to invest in them."

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