Stenn Provides Export Invoice Finance Facility to Specialty Packaging Manufacturer in India

Stenn International completed an invoice finance facility for a worldwide manufacturer and exporter of speciality packaging materials based in India.

The firm’s graphic-grade films, foils and laminates are used in gift wrap, holographic paper and packaging for branded goods.

The facility from Stenn supports sales to a German non-food retailer with more than 2,000 stores in eight countries.

The company’s stores carry everyday products, including gifts, stationery, decorations, party goods and home décor. The exporter turned to Stenn’s cross-border trade financing to augment its existing bank facility, which was insufficient to support its export volumes. This tight cash flow situation had been exacerbated in recent months by the COVID-19 pandemic.

Stenn’s non-recourse invoice financing solution offered the necessary financial support to meet the exporter’s working capital shortfall. In addition to rapid funding, Stenn’s service included a guarantee from buyer non-payment, credit risk assessment and professional collection services.

COVID-19 related lockdowns have disrupted trade across the globe, leading Stenn to create a $500 million fund to support the recovery of cross-border trade.