Tuesday, June 25, 2024

Satago Partners With mmob to Simplify and Speed Up Its Embedded Finance Proposition

Today, Satago, a leading fintech that provides Working Capital solutions, and mmob, the universal API adaptor, announced the launch of a new partnership. This collaboration enables lenders and corporates to embed Satago’s flexible Invoice Finance and Cash Flow solutions, using mmob’s hyper-efficient integration capabilities.

Designed to take the pain out of digitisation for lenders and corporates, the partnership between mmob and Satago comes as Juniper Research forecasts a staggering 148% growth in the embedded finance market, reaching a revenue of $228 billion by 2028.

Through this partnership, lenders and corporates will now have the ability to integrate Satago’s 3-in-1 Working Capital solution for small and medium enterprises (SMEs) into their digital platforms through a single snippet of code. This approach reduces the initial integration time required to embed Satago to mere hours, minimising the burden on development teams. The integration features automatic, periodic updates thanks to its cloud-based infrastructure, making this a solution that scales and optimises with the business leveraging it.

Once embedded, any invoice-issuing SME can then easily access Satago’s Flexible Invoice Financing, Risk Insights and Credit Control solutions through lenders’ and corporates’ digital channels.

Sinead McHale, CEO of Satago, commented on the news, “We’re delighted to partner with mmob – combining our industry-leading Invoice Finance and Cash Flow Management solutions with their seamless integration technology. This partnership allows us to drive the reach of our platform, allowing lenders and corporates to embed Satago’s transformative Working Capital solutions into their platforms in as little as two hours of integration time.

“This ultimately benefits end-users the most, enabling us to place the increased visibility, control, flexibility and intelligence that Satago provides into the hands of more global partners – and their thousands of small business customers – with ease.”

mmob Founder & CEO, Irfan Khan, also commented, “mmob and Satago have shared values of offering the right financial products to the people who need them most, in the right place at the right time. SMEs have long been neglected and are a great example of the end users who will benefit from embedded finance.

“Satago’s invoice financing and cash flow management solution is a vital tool, and we are delighted to be able to help them integrate into SME-facing platforms at speed. Mmob’s universal API adaptor removes the barriers of time and cost for companies who want to add a new solution for their customers, so now it’s easier than ever to work with Satago.

“I am excited about the potential of this partnership as both of our companies scale and these tools support as many businesses as possible.”

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