About Stenn
Stenn is a company based in London (United Kingdom) founded in 2003 by Greg Karpovsky. Stenn has raised $50 million across 6 funding rounds from investors including Barclays, Natixis and Coface. The company has 38 employees as of December 31, 2020. Stenn offers products and services including Invoice Financing and Revenue-Based Financing. Stenn operates in a competitive market with competitors including Demica and TuningBill, among others.
- Headquarter London, United Kingdom
- Employees 38 as on 31 Dec, 2020
- Founders Greg Karpovsky
- Stage Soonicorn
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Stenn International Ltd
- Date of Incorporation 13 Mar, 2015
- Jurisdiction LONDON, ENGLAND
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Annual Revenue
$54.34 M (USD)92as on Dec 31, 2022
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Net Profit
-$10.02 M (USD)-66as on Dec 31, 2022
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EBITDA
-$16.24 M (USD)-77as on Dec 31, 2022
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Total Equity Funding
$50 M (USD)
in 6 rounds
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Latest Funding Round
$200 M (USD), Debt – Conventional
Feb 17, 2023
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Investors
Barclays
& 4 more
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Employee Count
38
as on Dec 31, 2020
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Products & Services of Stenn
Stenn offers a comprehensive portfolio of products and services, including Invoice Financing and Revenue-Based Financing.
Funding for invoices to improve business cashflow quickly.
Non-dilutive capital for businesses to access funds fast.
People of Stenn
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Funding Insights of Stenn
Stenn has successfully raised a total of $50M across 6 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $200 million completed in February 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Debt – Conventional — $200.0M
- First Round First Round
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2023 | Amount | Debt – Conventional - Stenn | Valuation |
investors |
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| Apr, 2022 | Amount | Private Equity Round - Stenn | Valuation | Centerbridge Partners |
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| Jun, 2020 | Amount | Debt – Conventional - Stenn | Valuation |
investors |
Investors in Stenn
Stenn has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Barclays, Natixis and Coface.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Centerbridge Partners is engaged in alternative investment management.
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Founded Year | Domain | Location | |
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Asset-based private credit manager providing tailored financing solutions across various sectors
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Founded Year | Domain | Location | |
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Diversified financial services are provided across global markets.
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Founded Year | Domain | Location |
Investments & Acquisitions by Stenn
Financial Statements - Stenn
Stenn Comparisons
Competitors of Stenn
Stenn operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Demica and TuningBill, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based supply chain financing software is provided by Demica.
|
|
| domain | founded_year | HQ Location |
Digital bank for cross-border traders
|
Frequently Asked Questions about Stenn
Stenn was founded in 2003 and raised its 1st funding round 15 years after it was founded.
Stenn is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Greg Karpovsky is the current CEO of Stenn. They have also founded this company.
Stenn is a funded company, having raised a total of $50M across 6 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $300M, raised on Jul 25, 2018.
As of Dec 31, 2020, the latest employee count at Stenn is 38.
Annual revenue of Stenn is $54.34M as on Dec 31, 2022.
Stenn was founded in 2003 in London, United Kingdom, and operates within the fintech sector. An online platform is utilized to enable invoice financing, where funds are advanced to suppliers upon shipment and extended payment terms are granted to buyers. Invoices are uploaded and accounts registered through the platform, with transfers directed to users bank accounts.
Stenn's top competitors include Demica and TuningBill.
Stenn offers Invoice Financing and Revenue-Based Financing.
Stenn has 5 investors. Key investors include Barclays, Natixis, Coface, Crayhill, and Centerbridge Partners.
The valuation of Stenn is $900M as of Apr 2022.