Following the continued disruption to global supply chains due to the Covid-19 pandemic, international trade finance provider Stenn, has announced the launch of a $500 million fund to support the restart of global trade.
Stenn is a UK-based data and financial technology company providing flexible financing to companies engaged in cross-border trade.
Developed to ensure the liquidity of international trade, this $500m program is for importers in the US, EU and beyond and is designed to help their suppliers. Importers can return to pre-Covid-19 payment terms while suppliers are paid at shipment, meaning liquidity is no longer locked in inventory or transport and suppliers get their money fast.
For further information and to apply for funding visit: www.c19-trade-recovery-program.com