Stenn concluded a seven-figure trade receivables finance program for a U.S. importer of hands-free hand sanitizing stations from a manufacturer based in Europe. The importer sells the devices for use in hotels, office buildings, retail locations and other public spaces to accommodate safe personal interaction in the recovery from the COVID-19 pandemic.
“Businesses are in a crunch to prepare for post-COVID operations, and it is gratifying to provide financing to support the distribution of critically-needed goods,” Peter Clement, business development director, strategic accounts, for Stenn, said. “We would like to extend a very special thanks to Avatar Financial Consultants, our introducer on this transaction.”
“Stenn has put together a unique product that the import/export industry has been missing that will help distributors provide a more just-in-time experience for their customers. I have done business with Peter Clement for 15 years and he is knowledgeable about global trade and one of the easiest people with whom you will ever work,” Glen Russo, managing member of Avatar Financial Consultants, said.
Stenn is a UK-based data and financial technology company providing financing to companies engaged in cross-border trade.
