When your business needs cash...

When exporting goods to buyers overseas, suppliers typically wait 30 - 120 days for payment. Such ‘deferred payment’ is normal in international trade but it ties up capital and can have a crippling effect on cash flow and business growth.

Invoice financing (also known as ‘invoice factoring’) provides the exporter with immediate payment of that debt – by transferring money to the supplier as soon as the goods are shipped and collecting money later from the buyer. In this way, the supplier gets the cash without delay and is protected against non-payment.

Read more about invoice financing here.

Stenn’s invoice financing platform provides fast payment of invoices and frees up working capital that could be tied up for between 30 - 120 days in international trades. It means that suppliers can get their invoices paid as soon as the goods are shipped, yet their buyers will not have to pay for them until later, giving buyers time to receive the goods and make use of them. In competitive international export markets, allowing buyers to pay later gives sellers a competitive advantage. Invoice financing means that sellers can offer such terms without tying up their capital and can deal with new foreign buyers without risking non-payment of invoices.

The cost of such financing is usually 0.65% - 3.8% of the invoice value (which equates to an Annualized Percentage Rate (APR) of 7.9% - 11.4%) and Stenn takes the risk of the buyer defaulting.

Stenn’s platform provides what is known as ‘non-recourse financing’, which means that suppliers have no risk of non-payment. This is particularly comforting when trading internationally with new buyers.
Read more about invoice financing here.

Find out more in this video from Stenn’s founder.

• A supplier must be an export company, a legal entity in existence for at least 12 months.
• It must sell consumer or professional goods, such as: apparel, automotive parts, electronics, finished goods, food products and ingredients, machinery, equipment, metals, packaging, etc. We can also finance professional services such as software development and consultancy.
• Stenn cannot finance invoices connected with oil, gas or coal; conflict minerals; sanctioned goods; weapons and firearms; precious metals.
• We can finance invoices payable up to 120 days (sometimes up to 180 days as an exception).
• Your buyer will be an importer in a country free of sanctions and cannot be one of your affiliated companies.
• Your buyer cannot be in arrears, insolvent or involved in court proceedings in the last two years.

Stenn’s online invoice financing is much faster than a bank (assessment is quick and funds are paid within 48 hours of only two documents being signed) and is better than a loan (it has no influence on credit history, needs no collateral, and requires no lengthy applications and interviews).

It also offers a much higher limit than bank credit typically would - up to $10 million (USD) per buyer - and covers you against the risk of your buyer failing to pay your invoice.

It can also give smaller companies tremendous leverage. For example, a company with assets of only $50 000 (USD) could finance a shipment of goods worth $500 000 (USD) if the buyer fits the criteria.

Finally, Stenn specializes in financing cross-border trade. Very often banks do not finance international deals because they don’t work in jurisdictions other than their home countries.

Read more about invoice financing here.

• Stenn is based in London and backed by financial giants like HSBC, Barclays, Natixis, Goldman Sachs, and many others.
• We have financed over $10 Billion (USD) of invoices since our formation in 2015.
• Stenn has launched a variety of programs to help small and medium-size companies (SMEs) drive international trade in the developing world.
• We are regularly mentioned in the financial press.
• Stenn is run by a seasoned team of experts from the finance, FinTech, credit, and risk mitigation sectors. Meet our team here