Stenn, the leading working capital digital platform, has partnered with Payyd, an expert in dynamic payments technology, to help power growth for Indian exporters.
The collaboration delivers seamless access to Stenn's innovative invoice financing, providing Payyd’s customers with on-demand capital through converting outstanding invoices into cashflow.
Through the Payyd dashboard, an embedded simple 2 step flow, customers can now select to finance their exports with Stenn and take control of their cashflow whilst trading across borders.
“The traditional financing process for the world’s exporters simply isn’t fit for purpose - it’s lengthy, complicated, and overly technical,” said Pete de Souza, VP of Partnerships at Stenn. “India is at the heart of global trade and businesses need to be able to scale their operations quickly to meet customer demand, but they can’t achieve that if they’re hindered by late or slow payments. In partnership with Payyd, we’re offering an alternative route to liquidity, and delivering financial flexibility and security, whilst ultimately giving the customer choice.”
Payyd’s users operating in India will now be able to onboard via Payyd’s platform and access single invoice financing as and when they need. The non-recourse, single fee model offered by Stenn provides the flexibility for exporters to access additional capital when it matters most.
Nagarajan Rao, Founder & CEO of Payyd commented, “We are excited to be partnering with Stenn. At Payyd, our mission is to enable underserved Indian exporters access to competitive and market leading services. We have built world-class payment capabilities for our exporter base and now with the addition of Stenn as our dedicated financing partner, exporters across India and beyond can avail a trusted facility, when many have no option at all. We continue to put our customers at the heart of our business and enable solutions to drive financial inclusion”.
Invoice financing allows businesses to unlock working capital tied up in their accounts receivable by selling their outstanding invoices to another business for a small fee. Merchants can then quickly access a significant portion of the invoice value in cash, providing them with immediate liquidity to cover operational expenses, invest in growth opportunities, and maintain smooth business operations without waiting for long payment cycles.