Stenn
Stenn was a London-based digital trade finance platform providing invoice financing and revenue-based financing to international SMBs in cross-border trade, distributing via self-serve web, partner white-label, and API channels across 70+ countries before entering administration in December 2024.
- Company typePrivate
- Founded2015
- HeadquartersLondon, United Kingdom
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Stenn does
Stenn was a London-headquartered digital trade finance platform founded in 2015 that provided working capital solutions to international small and medium-sized enterprises. Its two core products were Invoice Financing, which advanced funds against pending invoices and collected payment directly from the buyer in exchange for a percentage fee on invoice value, and Revenue-Based Financing, a non-dilutive capital product collateralized on future recurring revenue for SaaS and eCommerce businesses. The platform targeted trade-related SMBs engaged in cross-border commerce, including suppliers (exporters), buyers (importers), and online merchants, with stated reach across 70+ countries and over $10 billion in cumulative capital deployed since 2016.
The underlying technology was an API-first platform comprising a REST API with OAuth2 authentication, a sandbox environment for testing, webhook-driven event notifications (invoice, buyer limit, and financing session events), a DUNS-integrated buyer credit assessment engine with automated status transitions, and partner-facing tools including a white-label Hosted Invoice Financing form, a JavaScript drop-in widget, and embeddable Native API endpoints. Distribution combined a self-serve web application portal, a three-tier partner program (Hosted Solution, Pilot Program, Native API), and direct channel partnerships such as the OOCL Logistics agreement announced in April 2022. The capital base was anchored by approximately $1.3 billion in committed facilities from over 11 global financial institutions, including Natixis, Barclays, and Crayhill Capital Management, with a $50 million equity round led by Centerbridge Partners in April 2022 at a $900 million post-money valuation.
Revenue was generated through transaction-based fees on invoice financing originations and recurring payments tied to business growth under the revenue-based financing product, with pricing quoted per engagement rather than via published tiers. In December 2024 the principal UK operating entities, Stenn Assets UK Limited and Stenn International Limited, entered administration following a High Court order, with Joint Administrators from Interpath appointed to stabilize and wind down operations. Administrators have alleged that hundreds of millions in receivables were fabricated across a facility exceeding $900 million, and in July 2025 the UK Financial Reporting Council opened an investigation into audits conducted by Azets and Deloitte.
Stenn firmographics
Firmographics- Name
- Stenn
- Legal name
- Stenn International Ltd and Stenn Assets USA Inc
- Website
- https://stenn.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Closed
- Headcount range
- 101–250 employees
- Short description
- Stenn was a London-based digital trade finance platform providing invoice financing and revenue-based financing to international SMBs in cross-border trade, distributing via self-serve web, partner white-label, and API channels across 70+ countries before entering administration in December 2024.
- Ownership category
- akta.pro rank
Stenn industry classification
Industry- Product category
- Trade Finance
- NAICS
- Securities and Commodity Contracts Intermediation and Brokerage (5231), Commodity Contracts Intermediation (52316)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE)
- akta.pro secondary industry
- E-Invoicing & Invoice Presentment (B2B/B2G) (FSAMAJAF)
Keywords
Where Stenn is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices3 records
Markets served
Stenn business model
Business model- GTM type
- B2B
- Offering type
- Services
Revenue model
- Invoice Financing Fees: Platform charges a small percentage fee on the total invoice amount when funds are advanced. Supplier submits invoice, Stenn pays supplier upfront, then collects directly from the buyer.
- Revenue-Based Financing: Non-dilutive capital provided based on future recurring revenue. Payment is tied to business growth with flexible repayment terms.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Quote-based pricing for invoice financing and revenue-based financing |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels5 records
Stenn product offering
Product offeringCore offering
Stenn operates a digital trade finance platform that provides invoice financing and revenue-based financing to international SMEs. Suppliers upload pending invoices to receive immediate funding, with Stenn collecting payment from buyers. The company also offers white-label partner solutions via REST API integration, enabling banks, fintechs, and platforms to embed invoice financing into their own offerings.
Product overview
Stenn operates as a digital trade finance platform offering two primary financing products: Invoice Financing and Revenue-Based Financing. Invoice Financing allows businesses to upload pending invoices and receive immediate funding, with Stenn collecting directly from buyers. Revenue-Based Financing provides non-dilutive capital based on future recurring revenue with flexible repayment terms. The platform targets SMEs engaged in international trade, offering solutions for Suppliers (exporters), Buyers (importers), eCommerce businesses, and SaaS subscription businesses. Stenn also provides a partner platform with white-label integration options including Hosted Invoice Financing, an embedded widget, and Native API access for partners to offer financing under their own brand. The company has deployed over $10 billion in capital to customers in over 70 countries since 2016.
Differentiator
Problem solved
Functional benefit
Brands
- Stenn Invoice Financing: Invoice financing product allowing businesses to fund their invoices by sending pending invoices to Stenn, which then funds the amount and collects directly from the buyer.
- Stenn Revenue-Based Financing
- Stenn API
Products and services
- Invoice Financing
Quantifiable outcome
- Rapid approval times for invoice financing applications
- +2 more outcomes
Companies that use Stenn
Customer profileNamed customers5 records
Segments4 records
Stenn technology and API
TechnologyAPI detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature5 records
Stenn partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- OOCL LogisticscoreOOCL Logistics offers trade finance programs to their clients through partnership with Stenn. Their Trade Finance program helps clients improve resilience of global supply chains. The partnership leverages Stenn's technology platform for financing implementation and support.
Scale indicators13 records
Recent moves6 records
Expansion highlights5 records
Stenn competitors and assessment
Company assessmentDirect peers
- BlueVine: BlueVine provides invoice factoring and lines of credit to small businesses, directly comparable to Stenn's invoice financing product for SMBs. Both target working capital gaps with rapid digital onboarding.
- Fundbox: Fundbox offers invoice financing and credit solutions to SMBs via a digital platform with API integrations for partners. Closely matches Stenn's self-serve invoice financing model and embedded finance approach.
- Taulia: Taulia offers working capital solutions including supply chain finance and invoice financing, embedded in ERP and procurement platforms. Comparable to Stenn's embedded/partner-led distribution model.
- PrimeRevenue: PrimeRevenue provides supply chain finance and trade finance solutions, including invoice financing for international transactions. Directly comparable to Stenn's cross-border invoice financing for SME suppliers and buyers.
- Behalf: Behalf provides invoice financing and short-term working capital to SMBs via partner platforms. Comparable B2B2C distribution model with white-label and embedded integration options, similar to Stenn's partner platform.
- Greensill Capital: Greensill was a major supply chain finance and invoice financing platform that also collapsed following fraud/credit concerns. Highly comparable given similar business model and tragic trajectory, though at larger scale.
- Resolve (formerly TradeShift): Resolve provides B2B trade credit and invoice financing, enabling buyers to extend payment terms while paying suppliers early. Comparable fintech-led approach to trade finance with similar supplier/buyer dynamics.
Broad incumbents
- HSBC Trade and Receivables Finance: HSBC offers traditional trade finance, receivables discounting, and supply chain finance globally. Represents the incumbent bank-based trade finance market that Stenn was disrupting with its digital-first SMB focus.
- Citi Treasury and Trade Solutions: Citi provides trade finance, receivables financing, and supply chain finance solutions to corporates globally. Represents the incumbent bank alternative for cross-border trade finance that Stenn targeted for SMBs.
Emerging players
- Previse: Previse uses AI to enable instant payment of supplier invoices by buyers in supply chains. Adjacent fintech approach to cross-border trade finance with similar buyer/seller dynamic, though more analytics-focused.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Stenn social profiles
Digital presenceStenn compliance and trust
Trust signalCompliance4 records
Stenn financial estimates
Financial estimateRevenue estimate
Valuation estimate
Stenn leadership team
Management profileNumber of profiles
Stenn subsidiaries and ownership
Company hierarchySubsidiaries4 records
Stenn funding detail
Funding detailFunding overview
Funding rounds6 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Stenn M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Stenn
What does Stenn do?
Stenn operates a digital trade finance platform that provides invoice financing and revenue-based financing to international SMEs. Suppliers upload pending invoices to receive immediate funding, with Stenn collecting payment from buyers. The company also offers white-label partner solutions via REST API integration, enabling banks, fintechs, and platforms to embed invoice financing into their own offerings.
Is Stenn a public or private company?
Stenn is a private company. It is classified as venture growth investor backed and is currently closed.
When was Stenn founded?
Stenn was founded in 2015. It employs 101 to 250 people.
Where is Stenn based?
Stenn is headquartered in London, United Kingdom, in the Europe region.
How does Stenn make money?
Two revenue lines are on record. Invoice Financing Fees are the primary driver. The others are revenue-Based Financing.
Who are Stenn's main competitors?
Direct peers on record are BlueVine, Fundbox, Taulia, PrimeRevenue, Behalf, Greensill Capital and Resolve (formerly TradeShift). Broad incumbents are HSBC Trade and Receivables Finance and Citi Treasury and Trade Solutions. Previse is listed as an emerging player.
Does Stenn have an API?
Yes. Stenn offers a REST API for invoice financing operations. The API supports JSON-encoded responses and form-encoded request bodies, with predictable resource-oriented URLs. It includes endpoints for creating companies, buyer limits, invoices, and financing sessions. The API supports both live mode and sandbox environment for testing. Authentication is via OAuth2 Bearer token. Webhooks are available for real-time notifications on invoice events (invoice.new, invoice.additional_info_required, invoice.declined, invoice.requesting_signatures, invoice.approved, invoice.financed, invoice.repaid, invoice.overdue), buyer limit events (buyer_limit.under_review, buyer_limit.additional_info_required, buyer_limit.approved, buyer_limit.declined, buyer_limit.expired, buyer_limit.cancelled), and financing session events (invoice.financing.session.completed, invoice.financing.session.canceled, invoice.financing.session.expired). Developer documentation is at api-docs.stenn.com/docs/getting-started-with-your-api.
What industry is Stenn in?
Stenn's product category is Trade Finance. Its primary akta.pro industry code is FSAGABAE, Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure, with a secondary code of FSAMAJAF, E-Invoicing & Invoice Presentment (B2B/B2G). Its NAICS code is 5231 and its SIC code is 6211.