Stenn's significant growth results in another key milestone for the company as we shoot past $8 billion (USD) in total invoices financed for SMEs around the globe.
The $8 billion milestone - $3bn of which was provided in the first six months of 2022 alone - is part of our target to meet increasing demand for online digital trade finance.
We're seeing more and more SMEs that are seeking a fast and simple digital solution to their financing needs and Stenn is proud to play its part in accelerating global trade as it helps businesses to expand their export opportunities.
To meet this increasing demand while improving and expanding Stenn's proposition, we are growing our team. We recently welcomed Bilal Bajwa as our Chief Product Officer as we continue to recruit across the business.
SMEs around the globe face an enormous financing gap of $3.6 trillion (USD), a figure which is set to grow to $6.1 trillion (USD) over the next three years. The challenge of bridging that gap is one that Stenn is meeting head on.