British company Stenn is opening its first technology and innovation center in Barcelona, creating 25 jobs

Business Investments · Tech & Digital Transformation

04 Mar 2024

According to the company, its commitment to Barcelona and Catalonia has been driven by the ability to access and attract talent worldwide and the development of technological infrastructures in the area.

The British company Stenn, which specializes in online financing for companies involved in international business, e-commerce, and digital services, has opened its first technology and innovation center outside the United Kingdom in Barcelona as part of its international expansion strategy. The office will start its activity by creating 25 new jobs, a staff that the company expects to increase in the coming months.

“We are setting up in Catalonia because of its ability to attract talent from all over the world, the quality of its business infrastructure and the mentality of its people and administrators”

Bilal Bajwa, Stenn's Head of Product and Technology

To establish itself in the Catalan capital, Stenn has had the support of the Government through ACCIÓ-Catalonia Trade & Investment - the agency for business competitiveness of the Department of Business and Labour - through the Catalonia Trade and Investment Office in London, as well as the central office in Barcelona.

Stenn's Head of Product and Technology, Bilal Bajwa, assures that "we are establishing ourselves in Catalonia because it is an ideal territory in terms of its ability to attract talent from all over the world, the high quality of its infrastructure for doing business and the mentality of its inhabitants and administrations". For Bajwa, "the Barcelona hub shows the company's commitment to developing cutting-edge technology to offer our customers a better product and service".

The Barcelona branch will focus on developing the software and technology Stenn uses in its business model. To this end, the company has hired staff specializing in engineering, design, and digital security.

Founded in London in 2015, Stenn has developed a digital platform that facilitates online financing for companies worldwide, mostly SMEs. Since its creation, the company estimates that it has already managed to finance clients worth 18,000 million euros, including Catalonia, Spain, and Latin America.

The presence of British companies in Catalonia

According to the Directory of Foreign Subsidiaries established in Catalonia in 2023 (.PDF document), the United Kingdom is the third country with the highest presence of companies in the technology sector (13% of the total) in our territory. Of these, the majority (55.6%) operate in the ICT and electronics sectors.

According to the ACCIÓ-Catalonia Trade & Investment report, in terms of the total number of international subsidiaries established in Catalonia, British subsidiaries are the fourth most present, with a total of 936.

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Oriol Vidal Bayés

Oriol Vidal Bayés

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