Fast release of working capital
Stenn’s financing platform provides fast payment of invoices and frees up working capital that could be tied up for 30 - 120 days in international trades. With invoice financing, suppliers can get their invoices paid as soon as the goods are shipped, yet their buyers will not have to pay for them until later, giving buyers time to receive the goods and make use of them. In competitive international export markets, allowing buyers to pay later gives sellers a competitive advantage. Invoice financing means sellers can offer such terms without tying up their capital and deal with new foreign buyers without risking non-payment of invoices.
Competitive fees
The financing cost for invoices typically ranges from 0.99% to 5.13% of the invoice value. This amount is calculated based on an Annualised Percentage Rate (APR) of 7.9% to a maximum of 11.4%, along with a 3-Month Term SOFR rate (with a reference SOFR rate of 4%).
No risk of buyer default
Stenn's platform offers non-recourse financing, which means that suppliers are guaranteed payment even if the buyer defaults. This feature is especially helpful when dealing with new international buyers.
Read more about invoice financing here.
Find out more in this video from Stenn’s founder.