Stenn named as one of Europe’s fastest growing companies for third year in a row
London, UK - 1 March - Stenn, the leading digital fintech enabling growth for businesses engaged in international trade, e-commerce and digital services, has today been ranked by the Financial Times as one of Europe’s 1000 fastest growing companies. Recognised for the third consecutive year as a business that continues to flourish and expand, Stenn has jumped 200 places on last year’s position, ranking 390th overall.
With each year that passes, Stenn goes from strength-to-strength as global clients within sectors like SaaS, eCommerce and apparel gain access to fast working capital through invoice and revenue-based financing. Demand for Stenn’s services is accelerating at a time where businesses find that lengthy supplier payment terms do not facilitate their growth runway.
Responding to soaring demand for working capital has seen Stenn open a new Sales & Marketing Hub in the USA and prepare to launch others, while it has also onboarded 136 new employees in the last twelve months. Now with over 800 customers and growing, Stenn has seen revenues jump 42% in 2023, with an 80% increase in profit-before-tax.
Commenting on Stenn’s recognition, Greg Karpovsky, founder and CEO said: “The world’s scale-ups should not have their growth potential delayed by a lack of access to working capital or unfair trade financing conditions. For too long SMEs have been brushed to the side by traditional banks in favour of delivering growth capital to the largest enterprise businesses.
“Our scaling journey is evidence that global SME leaders have had enough. We can deliver the specialist financing solutions, alongside simple, fast and effective technology integrations, that get businesses moving on their growth runway. Last year was a record year, but 2024 is lining up to blow this out of the water. We can’t wait to see how many more places we climb on next year’s Financial Times list.”
For more information about how Stenn can support your trade financing and accelerate your business expansion, click here.
