Our story

“The trade finance gap is estimated to be over $1.5 trillion. Our mission is to provide much-needed liquidity in global supply chains.”

Greg Karpovsky, Chairman

Serving a real need, and helping companies grow as a result

Greg Karpovsky, Chairman

In my years as an entrepreneur in receivables finance, I saw first-hand that the lack of access to international trade funding was holding companies back.

Today the need is just as great for solutions to bridge the trade finance gap, which the International Chamber of Commerce estimates to be over 1.5 trillion USD. This is due to three main trends in recent years.

The increase in cross-border trade.

Supply chains are more and more interconnected, reflecting the world at large. Global trade volume grew from 6 trillion USD in 2000 to 15.8 trillion USD in 2016, and according to the Boston Consulting Group, it is expected to grow to 18.7 trillion USD by 2020.

The World Trade Organization and others suggest that as much as 80% of annual global merchandise trade is enabled through some form of trade financing.

Traditional banks not meeting needs.

Yet, in some regions of the world, particularly emerging markets, local banks do not have the capacity to serve all the companies seeking funding. They often focus on large customers, leaving SME suppliers without access to bank financing.

Regulatory and compliance realities are further constraining bank willingness to fund cross- border deals. Capital requirements such as Basel III and vetting regulations such as Know Your Customer have caused banks to take a second look at trade finance.

Open account terms are more common.

Finally, the buyer / supplier balance of power has tipped in the buyer’s favor. It is normal for

buyers from large multinational groups, largely in the West, to expect to trade on open account with delayed payment terms of 90-120 days.

Smaller suppliers often do not have the clout to make the same demands of their own vendors, with cash flow issues arising as a result of this imbalance.

By injecting funding into the supply chain, Stenn is serving a real need, for real companies. We have made sure that we’ve done our work – investing in our operation and risk management, putting the right people in place to serve our clients, bringing on investors who believe in our mission – so that our clients can trade with confidence, knowing they have a strong partner in Stenn.

Executive Team
Stenn was founded by an experienced team of executives with a proven track record of building multi-billion dollar accounts receivable portfolios in emerging markets.

Greg Karpovsky

Andrey Polevoy

Dr. Kerstin
C. Braun

Colin
Lynch

Celine Hartmanshenn

Greg Karpovsky

Founder and Executive Chairman

Greg Karpovsky is a leading trade finance executive with a long and extensive history as a pioneer and innovator in trade finance.  Greg was the Founder and CEO of Eurokommerz, which became the largest privately-owned factoring company in Europe by 2008, with assets of USD 2 billion and annual profit of $200 mln.

Andrey Polevoy

Founder

Andrey Polevoy is a Stenn Founder and Board Member, with areas of expertise that include investments, risk management advisory, project management, supply chain management and international trading. His extensive experience also extends to debt and equity restructuring, M&A and legal expertise.

Dr. Kerstin C. Braun

President, Stenn Group

Kerstin Braun has 18 years of experience in leading sales organizations for multinational companies focused on financial risk products. Kerstin brings proven success in top and bottom line growth, expansion of distribution channels and building sustainable partnerships, improved operational performance, product innovation, and organizational effectiveness.

Colin Lynch

Chief Financial Officer

Colin Lynch has over 30 years of experience in financial control at banking and financing institutions in the UK and internationally. At Stenn, he is tasked with developing the necessary infrastructure to support the rapidly growing business. This includes historical reporting, management of current risks and liquidity, forecasting and strategy.

Celine Hartmanshenn

Global Head of Credit

Celine Hartmanshenn has over 25 years of experience in managing global teams and portfolios, setting strategies and risk appetite for products, countries and industry sectors. Most recently, she served as Chief Credit Officer at AIG, leading their global credit function for the Trade Credit division, responsible for the strategy, measurement and management of aggregated risks to ensure portfolio quality.

Our global presence
London New York Miami Dallas Los Angeles Hamburg Berlin Singapore Hong Kong Shanghai Guangzhou Hangzhou Mumbai Chennai Amsterdam Düsseldorf Qingdao Suzhou

Headquarters London

Offices

USA: New York, Miami, Dallas, Los Angeles

Europe: London, Hamburg, Stuttgart

Asia: Singapore, Hong Kong, Shanghai, Guangzhou, Chongqing, New Delhi, Mumbai

Why Stenn?

Work with an experienced, dedicated global team:

  • Specialists in cross-border finance
  • Local presence to understand your specific needs
  • Trusted by customers of all sizes around the globe
  • Respected member of the world’s largest trade finance associations
  • Registered with the FCA (the UK’s financial regulators)
  • Backed by blue-chip investors
Partner with us

Stenn partners with traditional lenders, domestic factors, and other business professionals to provide our specialized international expertise to their clients.

Partners can take advantage of our track record in structuring complex trade finance transactions, and earn incentives for connecting Stenn with potential clients.

To learn more about our Partner Program, please email us at partners@Stenn.com. We will contact you to discuss your business and how we can work together.

Supporting Organisations