London, 2 October, 2019 – Stenn, an international provider of cross-border trade finance, today announces the appointment of Steve Box, a globally-recognised visionary in the world of trade finance, as Strategic Advisor to the Board.
Mr. Box is the Founder and Managing Director of Kata Executive Consulting Limited and has over 35 years of experience building and running businesses in invoice, trade, and receivables finance.
In this role, Mr. Box will work strategically and collaboratively with the Stenn executive team to accelerate the firm’s trajectory toward becoming the industry-leading provider of cross-border trade finance.
Mr. Box’s guidance will extend to product strategy, business origination and new market development, technology deployment, operations and credit management.
Prior to joining Stenn, Mr. Box held executive positions at HSBC including Global Head of Receivables Finance and Head of Trade, Receivables and Equipment Finance for Europe. He also served as CEO of Bibby Financial Services for Europe, Asia and North America, and Head of Falcon Group Europe.
Greg Karpovsky, Founder and Executive Chairman of Stenn, said: ‘Steve is one of the world’s go-to experts when it comes to cross-border trade finance, so we are thrilled to be working with him to take our growth to the next level.
Steve’s track record of developing exceptional global organisations and generating accelerated, profitable growth will be invaluable to our business as we seek to make our ambitious vision for Stenn a business reality.’
Steve Box said: ‘I am excited to work with the committed and passionate team at Stenn. Creating a fast, scalable cross-border trade finance solution is not easy, and in a short time the Stenn team has already put their forward-thinking company on a great path for success.’
Founded in 2015, Stenn is already a leading provider of alternative finance and aims to address the $1.5 trillion (USD) ‘trade finance gap’ that the International Chamber of Commerce says demonstrates the potential that exists to make trade more inclusive. Stenn provides fast and secure financing to global Importers and Exporters who are underserved by the traditional banking industry, helping to unlock capital in the supply chain.
Stenn is headquartered in London and is present in over 70 countries across the globe. In June, Stenn secured a further $200 million (USD) receivables finance securitisation with Natixis, taking the total funding raised since inception towards $1 billion (USD).
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