News & updates

Press Releases

Stenn Closes $10 Million in New Trade Finance Facilities

 

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.”

Media contact: Sue Hinton | sue.hinton@stenn.com