FAQ

How do I refer companies to Stenn?
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We will provide you with a customized link that’s easy to share with your contacts. When one of your contacts requests Stenn financing, you will get the credit. Track the progress of your referrals on the Stenn Circle site.

What kind of financing does Stenn provide?
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Stenn’s Accounts Receivable (A/R) Finance Program is a liquidity and risk mitigation tool to fill a common funding gap in international trade: Suppliers want to be paid at shipment of goods, while their buyers want to pay when the invoice is due, 30, 60, 90 or even 120 days later.

Stenn purchases invoices (accounts receivable) from suppliers, in most cases paying 100% of the invoice amount, less any fees, at the time of shipment of goods. The buyer pays at the invoice due date, remitting payment directly to Stenn.

Can I refer a supplier or a buyer company?
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Yes. Since our financing offers benefits for both buyers and suppliers, our services may be initiated by either the buyer or supplier. Suppliers use Stenn to help develop new business and increase revenue by offering open account terms, which is the preferred payment method for buyers as it maximizes cash flow.

Why should I work with Stenn over other finance providers?
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Here are just a few of the ways that Stenn stands out:

  • In most cases, we advance 100% of the invoice amount less fees.
  • Stenn serves many countries that other providers are unable or unwilling to serve.
  • We have a global footprint of specialists located where trade happens – they understand the local market conditions and practices.
  • Stenn is backed by blue-chip investors that are committed to our mission of providing the working capital to fuel global trade.
What is the limit of financing?
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For fast financing, the system allows 10 million USD per one buyer.
What new documents do I need to sign?
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A contract with Stenn Financing Platform and a notice with the buyer.
How soon will the money reach my account?
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As soon as all documents are signed and invoices approved, the transfer of funds takes up to 48 hours.
What is Stenn?
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Stenn is the largest and fastest-growing online platform for financing small and medium sized businesses engaged in international trade. Stenn is based in London, provides financing services in 74 countries and is backed by financial giants like HSBC, Barclays, Natixis and many others. On http://Stenn.com you can apply for financing and trade credit protection from 10k to 10 million dollars, within 48 hours, and you only need to sign two documents.
About Stenn
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Stenn International is a UK-based, non-bank trade finance provider that delivers innovative solutions to unlock working capital for buyers and suppliers in global supply chains. We specialise in financing sectors and geographic regions that other providers can’t or won’t serve, with a goal of fuelling international trade for all. Read more here.
Who is a Stenn Certified Representative?
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A Stenn Certified Representative (SCR) is an active and proficient person, connecting export/import companies in his country to the Stenn financial platform and helping them to finance their turnover. It can be a full-time or part-time job.
What does a Stenn Certified Representative do?
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SCR invites clients to Stenn Financial Platform, offering financial support to their business via invoice financing online. To invite a client, SCR uses the Stenn App interface – convenient and easy-to-use. Here you will find more information about what is involved in invoice financing, and here you can view the Stenn App, which will be your main tool.
Is specialist knowledge or experience required?
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No previous experience or financial knowledge required – but you will need to go through our short introductory PDF with basic instructions and FAQs.
Who will be my clients?
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A Stenn Certified Representative can invite various types of clients to the Stenn Platform. Usually, it is exporting or importing companies with a turnover of 3M USD per year or more, preferably from this list of countries. Stenn can help grow their turnover, protect sellers from non-payment, and give buyers an opportunity to access better terms and conditions.
How much can a Stenn Representative earn?
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As soon as the client gets financed and the deal is closed, SCR will receive a 5% commission from Stenn on every invoice you help us to finance. Once you have connected Stenn and your client – for one year you will receive payments for financed invoices. For example, if you connect 6 clients to the Stenn Platform, and every one of them permanently uses Stenn financing for the amount of 500.000 USD, your yearly commission would be 15.000 USD
What is invoice financing and how does it help businesses around the world?
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Small and medium-sized companies, exporting goods overseas, typically wait for payment for 60-120 days (a normal rule in international trade, called ‘deferred payment’). Stenn offers immediate coverage of that debt – by transferring the money to the exporter now and collecting money from the buyer at a certain time. So, the exporter gets the cash as soon as the good is shipped and is protected from a possible non-payment. The cost of that financing is usually 1.2% - 2.7% of the invoice value. This is not a big price for unfreezing the turnover money and receiving non-payment protection and insurance. It is faster than a bank (48 hours) and better than a credit (no influence on banking credit history).
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