Stenn is a market leader in supporting international trade via invoice financing online.
Stenn provides fast, innovative financing to fill in the funding gaps that arise in international supply chains, solving the working capital needs of suppliers, intermediaries, and buyers of goods.
Stenn was founded in 2015 by Greg Karpovsky and Andrey Polevoy. The company is headquartered in London, UK, with offices in the US, Europe and Asia.
Stenn provides financing solutions for the entire supply chain, from purchase order to accounts receivable, freeing up working capital for buyers and suppliers engaged in cross-border trade.
Stenn applies big data analytics, taking a few datapoints about a business and matching them up against an algorithm that takes some 1,000 other factors into account to determine its eligibility for a loan of up to $10 million.
Stenn has financed some $6 billion in loans from 74 countries, with $1 billion of that loaned out in 2022 alone. The loans platforms and neobanks catering to domestic SMBs include Kabbage (now a part of Amex), Finally, Brex, Rho, Juni, NorthOne, Lili, Mercury, Nearside, Anna, Tide, Viva Wallet, Open, Novo, MarketInvoice and many others.
Stenn is backed by Centerbridge, Natixis, Crayhill Capital Management LP, AIG, and others. The company raised $50M in a new round on Apr 12, 2022. This brings Stenn's total funding to $855M to date. The latest round valued the company at a $900M post-money.