Satago

Satago operates as a financial technology firm providing a comprehensive, all-in-one cash flow management platform tailored for small and medium-sized enterprises (SMEs), as well as the accountants and brokers who serve them. Founded in 2012 by Steven Renwick, the company was established to address the persistent issue of late payments that hinder SME operations. The current CEO is Sinead McHale, who has been instrumental in forging key partnerships.

The company's history is marked by steady product evolution and strategic alliances. After its initial launch, Satago introduced a selective invoice finance solution in 2015. A significant milestone occurred in 2020 with the launch of full invoice financing and a landmark partnership with accounting software provider Sage, embedding its services directly into the Sage platform. This was followed by another major partnership with a tier-1 UK bank in 2021 and the launch of the UK's first embedded invoice finance solution in 2023. The company's growth has been supported by multiple funding rounds, including investments from ESF Capital, Lloyds Banking Group, BDMI, and E-Merge.

Satago's business model is centered on its integrated platform that combines three core services: Risk Insights, Credit Control, and Invoice Finance. It targets SMEs directly and also partners with accountants and financial institutions to offer its solutions as a white-label or co-branded service. Revenue is generated through subscription fees for its software and fees associated with its invoice financing services. The platform integrates with major accounting software like Sage and Xero, which streamlines the process for users.

The product suite offers distinct benefits to manage the entire cash flow cycle. The Risk Insights tool provides real-time credit checks, risk assessments, and monitoring of customers' credit status to help businesses avoid bad debt. The Credit Control feature automates the process of chasing payments through customisable, automated email reminders and scheduling, saving businesses significant administrative time. Finally, the Invoice Finance service offers businesses the flexibility to access working capital by advancing funds against unpaid invoices. Satago uniquely offers both selective (single) and full invoice financing, allowing clients to choose between financing specific invoices or their entire debtor book, a key differentiator from traditional factoring.

Keywords: invoice finance, cash flow management, SME finance, credit control, risk insights, accounts receivable automation, fintech, debtor management, embedded finance, Sage integration, Xero integration, working capital solutions, late payment solutions, B2B payments, financial software, credit risk analysis, invoice chasing, selective invoice finance, receivables financing, business finance