OOCL Partners with Stenn for Logistics Trade Financing Program

Stenn Technologies announced September 5 that it had agreed to an exclusive, multi-year partnership with OOCL Logistics that will see Stenn support the OOCL Logistics Trade Finance program.

Through this partnership, OOCL Logistics customers will be able to apply for financing through PODIUM, OOCL’s module-based international supply chain management I.T. platform, allowing suppliers to receive money less than 72 hours after shipping out a product, the companies said.

“Today’s partnership announcement with industry leader, OOCL Logistics, comes as a much-needed solution to the most critical issue facing 65 million under-served SMEs [small and medium-sized enterprises] globally: their lack of access to affordable working capital,” said Peter De Souza, the vice president of partnerships at Stenn. “The integration of Stenn’s risk assessment and financing technology into the PODIUM platform, means together with OOCL Logistics we are bringing virtually seamless access to affordable finance so suppliers and buyers may realize their international trade ambitions and supercharge their growth.”

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• Source: https://www.supplychainbrain.com/articles/38045-oocl-announces-exclusive-partnership-with-stenn