Stenn Technologies Expands Trade Finance Solutions to Gujarat SMEs

Stenn, a global leader in digital trade finance, supports small and large businesses by providing liquidity to global supply chains, enhancing cash flow, and increasing supplier flexibility. As one of Europe’s fastest-growing FinTechs, Stenn has financed $19 billion worth of invoices since 2016, covering 74 countries. Stenn has backing of over a dozen global financial institutions including prominent names like HSBC, Barclays, Natixis. The company is now gearing to grow its business in India and has identified Gujarat as a key growth region and will be tapping into the small businesses operating from the state with global growth ambitions and 

Small businesses around the world face significant challenges in accessing working capital financing, creating an under-served market. Traditional banks often prioritize lending to top-tier companies, leaving many SMEs unable to meet stringent criteria for bank products. Financing options are frequently restricted due to collateral requirements and time taking process for additional limits. According to the International Chamber of Commerce (ICC), the global trade finance gap is projected to reach $5 trillion by 2025, underscoring the urgent need for innovative financial solutions to bridge this gap and support the growth and sustainability of SMEs globally.

Stenn is making a difference for these SME’s by connecting international SMEs to the global financial system, serving small and medium-sized businesses engaged in international trade. Through Stenn, SMEs can access financing and trade credit protection ranging from small to large invoices within 48 hours of goods being shipped. Now, Gujarat based SMEs can also access these solutions through Stenn’s operations in India. 

We understand that cash flow is the lifeblood of small and medium-sized enterprises," said Annie Yadav, Director- Sales, India  for Stenn Technologies. "Our goal at Stenn is to remove the financial barriers that hinder growth and innovation within the SME sector. By offering facilities that are  without recourse and do not require any collateral, we are committed to support growth to businesses that form the backbone of our economy."

"SMEs are vital to economic growth, job creation, and community development. Gujarat is one of such biggest manufacturing hubs for various industries and we strive to aid business here to overcome liquidity constraints and thrive in the global market. 

Gujarat can now access the capital and risk coverage they need to drive their international trade activities, ensuring sustainable growth and success."

"In Gujarat, we are establishing strong partnerships with SMEs across major sectors such as chemicals, textile, manufacturing, and pharmaceuticals. We believe that struggling with cash flow shouldn't hold SMEs business back. Stenn can help in fueling SMEs growth by enabling them to get fast access to funds for materials, cover urgent expenses, and protecting them from late customer payments. All without waiting on deferred payments or diluting their ownership.”, Annie Yadav added. 

Stenn's innovative trade finance solutions are available to a diverse range of sectors, including apparel, accessories, footwear, consumer electronics, agro, chemical, engineering goods and ceramic tiles, furniture, fast-moving consumer goods (FMCG), automotive parts, non-perishable food and ingredients, hardware, electrical products, machinery, and high-tech industries. Other industries may also be eligible, subject to assessment, ensuring that a wide array of businesses can benefit from Stenn's comprehensive financing options.