UK based provider of trade finance solutions secured additional funding from Barclays Bank, Coface SA, and Crayhill Capital Management LP.
"We're seeing supply chains at risk of breaking down due to the coronavirus pandemic. Companies had to deplete liquidity reserves to get through lockdown and are now in need of working capital to reignite their business. This funding comes at a crucial time for the firms we support and the participation of such high-quality investors in this programme expansion affirms our strategic vision to inject liquidity into global supply chains. Together with our recently-announced Stenn Direct Funding programme, we are exceptionally well-positioned to help our clients boost their international trade flows and accelerate the global recovery," said Greg Karpovsky, founder of Stenn.