In today’s top Europe, Middle East and Africa news, global tech firm Bosch acquired British automated driving company Five AI, while Stenn, a digital financing platform for SMBs, completed a $50 million equity funding round. Plus, London payment technology provider Form3 and Goldman Sachs Transaction...
In today’s FinTech news, Finastra and Microsoft join forces to offer lending options to small- to medium-sized businesses (SMBs), while Zevoy uses its funding round to expand in Europe. Plus, Voyager’s Maya Bank and PayMaya will help underserved and unbanked Filipinos. Finastra, Microsoft Form BaaS...
Stenn, a digital financing platform for small- to medium-sized businesses (SMBs), completed a $50 million equity funding round with Centerbridge that gives Stenn a $900 million valuation, according to a press release on Tuesday (April 12). Stenn offers a proprietary technology stack that provides global...
Trade finance remains an essential tool for cross-border B2B trade, and with an estimated $1.5 trillion gap in available trade finance, non-bank players have flooded the market to address the demand — and introduce efficiencies to an area of finance that has historically been bogged...
November 21, 2022
U.K.-based FinTech Stenn, which specializes in invoice financing, is focusing its energies on to small and medium-sized businesses (SMBs) and emerging markets, where access to trade financing has often been limited. Trade finance is especially critical for export businesses, which often wait months for payment due to the slow nature of international trade. “We realized […]
April 12, 2022
Stenn, a digital financing platform for small- to medium-sized businesses (SMBs), completed a $50 million equity funding round with Centerbridge that gives Stenn a $900 million valuation, according to a...
