Stenn closes US$200 million securitization with Natixis

Deal extends Stenn's international trade finance programme towards a multi-billion target

Stenn, a provider of cross-border trade finance, closed a US$200 million receivables securitization programme with Natixis to expand its capital markets programme. This programme significantly augments previous capital programmes launched by Stenn.

Founded in 2015, Stenn is already a leading provider of alternative finance, aiming to address the US$1.5 trillion “trade finance gap” that the International Chamber of Commerce says demonstrates the potential that exists to make trade more inclusive. Stenn provides fast and secure financing to global importers and exporters who are underserved by the traditional banking industry, helping to unlock capital in the supply chain.

Headquartered in London, Stenn is already present in over 70 countries across the globe, aiming to expand to 120. The funding opens up additional global growth opportunities for the business, enabling it to provide a greater number of suppliers and buyers with access to working capital at an even faster and more agile rate than the traditional banking sector.

Greg Karpovsky, founder of Stenn, comments, “I am very excited and proud of the Stenn team along with Natixis and Crayhill who collaboratively built this unique securitization platform. This allows Stenn and our investors to continue to grow to a multi-billion-dollar programme and welcome more investors as we meet the ongoing needs of international trade finance.

“In today’s climate, with ongoing discussions of trade wars and an uncertain geopolitical landscape, it’s important that businesses can confidently plan ahead. Access to trade capital is a massive contributor towards being able to do this.”

In addition to the participation from Natixis, the receivables securitization programme is structured to provide capacity for additional private capital investors. Natixis served as programme arranger and placement agent, and overall programme is tailored for the needs of capital markets investors.

Crayhill Capital Management LP played an active role in structuring the programme and continues to serve as a core capital partner of Stenn. 


17 Jul 2019


Capital Markets

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