April 20, 2018 – Stenn International, a global trade finance group has recently closed $10 million in new factoring and supply chain finance facilities with clients in varying industries and countries.
Stenn’s trade finance programs allow for working capital for buyers and suppliers while also mitigating credit risk for suppliers. New clients include:
Supply Chain Finance
– A Singaporean-based commodities trader focusing on palm oil trade – A US-based game and sporting goods brand – An e-commerce distributor of consumer electronics
Accounts Receivable Finance
– Indian-based supplier of mechanical pump components
Bryan Maloney, Director of Business Development stated, “Stenn’s trade finance programs are benefiting buyers and suppliers around the world by unlocking working capital in supply chains. I am excited to onboard four excellent clients this month in multiple jurisdictions and across various industries.”
About Stenn International Ltd.
Stenn International Ltd. is a UK-based, non-bank trade finance provider specialized in cross-border trade. Stenn’s trade finance solutions are comprehensive and can be combined to cover the entire supply chain from purchase order to delivery of goods. Innovative practices allow Stenn to finance in sectors and geographic regions currently unserved in global trade. The company operates globally with offices in Los Angeles, Dallas, New York, London, Hamburg, Stuttgart, Singapore, Hong Kong, Shanghai, Guangzhou and Chongqing. Learn more at www.stenn.com or follow us on LinkedIn, Twitter and Facebook.
Media Contact for Stenn International Ltd.