A look at the collapse of Stenn, an invoice financing startup that got major banks to unwittingly fund millions in suspect payments and was last valued at $900M (Bloomberg)

by #AI [2.0] April 24, 2025 · Automatic / Editor's Picks [News]

Bloomberg:
A look at the collapse of Stenn, an invoice financing startup that got major banks to unwittingly fund millions in suspect payments and was last valued at $900M — Big banks like Citigroup and Natixis thought they were backing a $1 billion fintech darling.