Stenn Expands In India

Stenn, a global leader in financing small and medium-sized enterprises (SMEs), has announced an ambitious expansion in India to address the growing financial needs of Indian SMEs engaged in international trade. Having financed over $20 billion in global invoices, with $147 million coming from Indian suppliers in recent years, Stenn is set to boost its role in India’s export sector. The company aims to support the country's SMEs as they scale operations to meet rising global demand.

To further its mission, Stenn has partnered with the Federation of Indian Export Organisations (FIEO), an apex export promotion body established by India's Ministry of Commerce. Together, they seek to provide tailored financial solutions aimed at improving liquidity and export competitiveness for Indian businesses. The collaboration was formalized through a Memorandum of Understanding (MoU) exchanged between Stenn’s Chief Commercial Officer, Noel Hillman, and FIEO’s Director General, Dr. Ajay Sahai, during a ceremony attended by senior officials from both organizations.

This partnership is seen as critical to addressing the financial challenges faced by SMEs, especially in the context of India's ambitious goal of reaching $2 trillion in exports by 2030. Currently, only 15% of SMEs' credit needs are met through formal channels. The partnership is expected to improve access to financing, helping exporters navigate complex global trade scenarios and leverage emerging market opportunities.

Stenn's financial tools offer Indian SMEs flexible and scalable solutions, enabling them to take on larger orders and diversify their global market presence. The company also launched BETA Hub, a digital platform that will offer Indian exporters access to cutting-edge financial tools and facilitate connections with international trade partners.

Both Stenn and FIEO are committed to empowering Indian SMEs to grow into global trade leaders, positioning India as a key player on the international stage.

(Ashish Sinha)