ST. PETERSBURG, Fla – 29 April 2020 – UK-based international trade finance provider Stenn and United Capital Funding (UCF), a leading provider of working capital finance in the USA, today announced a strategic cooperation agreement designed to increase client acquisition at both firms. UCF will enlarge its client value proposition by offering Stenn’s innovative solutions for international receivables. As an exclusive cross-border financier, Stenn will be able to refer domestic opportunities in the USA to UCF.
“Our complementary product offerings, with Stenn offering cross-border accounts receivable financing and UCF providing domestic USA working capital finance, are a natural fit,” said Erik Timmermans, Global Director Partnerships, Financial Institutions at Stenn. “During this period of extraordinary financial strain on businesses, we share a commitment to providing desperately-needed working capital to get trade back on track.”
“We are honored to be partnering with a recognized global leader like Stenn,” said Mark S. Mandula, CMO at United. “Our ability to better serve our B2B and B2G SME will be enhanced greatly with this new partnership and is just another way to combat the current COVID-19 impacts on SMEs.”
Stenn International Ltd. is a UK-based, non-bank trade finance provider specialising in cross-border trade. Stenn’s trade finance solutions are comprehensive and can be combined to cover the entire supply chain from purchase order to delivery of goods. Innovative practices allow Stenn to finance in sectors and geographic regions currently underserved in global trade.
Stenn operates globally with offices in Buenos Aires, Los Angeles, New York, Miami, London, Amsterdam, Brussels, Dusseldorf, Berlin, Mumbai, Singapore, Hong Kong, Guangzhou, Hangzhou, Qingdao and Shanghai. Learn more at stenn.com or follow us on Twitter, LinkedIn and Facebook.
Media Contact for Stenn
Ryan Sketchley / Rachel Harrison – Frank Public Relations
+44 (0)20 7693 6999
About United Capital Funding Group, LLC
United Capital Funding Group, LLC. (UCF) is one of the nation’s leading providers of working capital finance, having successfully provided collateral from most Fortune 500 companies. For more than 20 years, UCF has offered professional B2B and B2G funding through equitably priced and structured Accounts Receivable financing, credit insurance coverage and efficient Accounts Receivable management.
UCF has headquarters in Tampa Bay Florida and also has offices in Chicago, Nashville and Columbus, Ohio. UCF is a Wholly Owned Subsidiary of Gulf Coast Bank & Trust Company, an FDIC-insured commercial bank. For more information, please visit our website at www.ucfunding.com.
Media Contact for United Capital Funding Group, LLC