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Stenn Launches International Trade Financing for Professional Services
August 5, 2020
Source: Stenn
Digital trade finance provider Stenn, a pioneer in offering innovative international financing solutions for diverse sectors, today announced the launch of its new Professional Services Finance Program. The program delivers international invoice financing for service providers across the globe.
Stenn recently concluded its first six-digit funding program in the Professional Services sector for a software service provider based in India that delivers services to a Swiss-based globally integrated index provider. This company is a leading player in the index world and part of a large corporate group in Europe that is integrated and operating around the globe.
Under the program, service providers receive payment at the time of invoicing and rendering services, while their global clients benefit from open account payment terms that allow for payment at a later date.
“The Professional Services Finance Program enables service providers to optimize working capital and strengthen their relationships with global clients,” said Victor Yankovsky, Managing Director Business Development at Stenn. “I would like to congratulate Shruti Singh, Business Development Director, and Anthony Rajan, Business Development Manager, on their efforts in bringing Stenn’s first services finance program to fruition.”
About Stenn
Stenn International Ltd. is a UK-based data and financial technology company providing flexible financing to companies engaged in cross-border trade. Stenn’s trade finance solutions may be secured and managed online, speeding up access to liquidity for export suppliers while allowing import buyers to purchase on open account terms. These innovative practices allow Stenn to finance in sectors and geographic regions currently underserved in global trade. Stenn operates globally with offices in the UK, Europe, Asia and the Americas. Learn more at stenn.com.
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