Satago, which offers innovative working capital solutions including Invoice Finance and Cash Flow management, has partnered with Mmob, which specialises in simplifying the integration process for digital financial services.
The partnership between Satago and mmob is strategically set to simplify and expedite the integration of financial services into digital platforms. By leveraging mmob’s efficient API technology, this collaboration aims to embed Satago’s comprehensive Working Capital solutions seamlessly into lenders’ and corporates’ systems. This is timely as the embedded finance market is projected to grow significantly, promising substantial revenue increases by 2028.
Satago offers a 3-in-1 Working Capital solution tailored for SMEs that integrates easily into existing digital frameworks. Their solutions include Flexible Invoice Financing, Risk Insights, and Credit Control services, all designed to improve the financial agility of small and medium enterprises.
Mmob provides an essential service as a universal API adaptor, which allows for the quick and efficient integration of various financial services into business platforms without extensive development time. Their technology supports automatic updates and cloud-based scalability, which are crucial for maintaining an adaptive digital ecosystem.
Through this partnership, the integration process required to embed Satago’s solutions is reduced to mere hours, thanks to mmob’s streamlined API technology. This not only lessens the load on development teams but also extends Satago’s financial services to a broader audience swiftly and efficiently. The cloud-based updates ensure that the integrated solutions evolve with the client’s platform, maintaining optimal performance and relevance.
This collaboration is set against the backdrop of a forecasted 148% growth in the embedded finance market, with potential revenues reaching $228bn by 2028 as per Juniper Research. This growth highlights the increasing demand for integrated financial solutions that Satago and mmob are well-positioned to meet.
Satago CEO Sinead McHale said, “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.”
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