Stenn, a worldwide non-bank trade finance provider has raised US$50m (€46m) new capital, reaching a valuation of US$900m (€832m).
The majority of the capital comes from a single US investor, Centerbridge, a private equity business based in the United States. Stenn's platform, which provides SMEs with accessible finance as they utilise the digital economy to build their firm, is valued at US$900m by the US investor.
