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Stenn debuts new $300mn fund for SE Asian suppliers
26
Sep '16
Courtesy: Stenn International
Courtesy: Stenn International
UK trade financer Stenn International has unveiled a $300 million financing platform to expand its capacity to help suppliers across the world, access buyers of their products in developed countries. Stenn's lends finance to those primarily engaged in the production of apparel, shoes, toys, childcare products, etc to be sold to leading retailers.

The new platform will acquire up to 120-day trade receivables from SME’s, particularly in China and Southeast Asia, who produce and export goods to the US, Europe Union and other countries.

According to Stenn, access to flexible short-term funding is essential for these suppliers, who need working capital to finance orders bound for global markets until payment is received from their buyers.

Stenn's financing solutions offer payment for goods immediately after shipment, eliminating the delay and uncertainly of payment collections from buyers, so that these clients can focus on building their business.

Capital for the new platform is being provided by Stenn and Crayhill Capital Management LP, an established alternative asset management firm based in New York. (AR)

Fibre2Fashion News Desk - India

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