Stenn
Stenn is a London-based FinTech company providing invoice and revenue-based financing solutions across 74 countries, with a total funding of $12 billion USD to date.
Company Overview
Stenn operates globally in 74 countries and has funded companies to a total of $12 billion USD. The company specializes in providing various financing solutions specifically catered to businesses involved in trade, e-commerce, and SaaS. With headquarters in London, Stenn has been recognized as one of the fastest-growing FinTech companies in Europe.
Financing Solutions
Stenn offers a range of financing options, including international and domestic invoice financing, revenue-based financing, and non-recourse financing. The services are designed to scale with SaaS revenue and are tailored for companies with subscription sales models that have $20k+ monthly sales and have been trading for more than 12 months. The company also provides financing to support e-commerce growth and ensures suppliers receive payment even if the buyer defaults.
Technological Innovations
Stenn has developed a digital marketplace that aids businesses engaged in international trade, e-commerce, and digital services. Their online tool allows users to manage funding applications, monitor transactions, and sign documents. The company continues to expand its technological footprint with the establishment of a new technology and innovation hub in Barcelona.
Market Presence and Growth
Stenn has onboarded 136 new employees in the last twelve months and now serves over 800 customers. The company experienced a 42% increase in revenues and an 80% increase in profit before tax in 2023. With plans to invest in additional locations in 2024, Stenn aims to support its strategic growth and continue its trajectory as a leading FinTech firm.
Industry Recognition
Stenn's achievements have been recognized through various accolades, including being named one of Europe’s fastest-growing companies for three consecutive years. The company also won in the Global Trade Review Awards for a notable deal with Gap Inc. Backed by financial giants such as HSBC and Citi, Stenn is well-regarded in the finance industry.