Stenn Launches Beta Hub: An Online Platform for Emerging Indian Exporters
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Stenn, the largest and fastest-growing FinTech platform for financing SMEs in international trade, has launched Bharat Exporters Trade Association Hub (BETA), a new-age community for Indian Exporters. BETA is a digital platform built for ambitious Indian export enterprises to network, interact, exchange ideas, get industry news, and grow their worldwide reach.
As one of Europe’s fastest-growing FinTechs, Stenn has financed $19 billion worth of invoices since 2016, covering 74 countries. Stenn has backing of over a dozen global financial institutions including prominent names like HSBC, Barclays, Natixis. With BETA, Stenn will deliver crucial export and trade-related information including the latest industry news, recent policy changes, and market development and enable businesses to make strategic and informed decisions on emerging trade opportunities.
“Beta Hub is Stenn’s pioneering initiative for Indian MSME and SME businesses engaged in International Trade. This community supports emerging businesses in making effective decisions to tackle the challenge of Global Trade” said Sumit Bhateja, Marketing Head-India at Stenn.
He also added, “India is at the forefront of global trade and businesses need to scale rapidly to meet growing customer demands. This platform provides an ecosystem where Indian MSMEs and SMEs involved in international trade can seamlessly connect with numerous exporters and businesses. It also offers solutions for navigating challenges related to working capital, efficient payment mechanisms, and comprehensive risk management, helping them stay competitive on the global stage.”
According to the Ministry of Commerce and Industry, total merchandise and services exports for FY 2024-25 saw a robust growth of 6.88 percent, reaching $64.56 billion in April 2024, compared to $60.40 billion in April 2023. The Government of India has implemented several measures to enhance exports and trade performance, including the New Foreign Trade Policy 2023-28, the Districts as Export Hubs program, Pradhan Mantri Gati Shakti programs, and Make in India, all aimed at supporting India’s global trade standing and driving economic growth through increased exports.
