- Embedded finance innovator mmob has announced a partnership with UK-based fintech Satago.
- This partnership will allow lenders and businesses to more easily integrate Satago’s cash flow and invoice finance solutions for SMEs.
- mmob won Best of Show for its Finovate debut at FinovateEurope 2022.
Embedded Finance Expert mmob We have entered into a partnership with British fintech company Satago. This partnership will allow lenders and businesses to more easily integrate and embed Satago’s invoice finance and cash flow solutions, including its 3-in-1 Working Capital solution. This is thanks to mmob’s highly efficient “single piece of code” integration, which reduces the time needed to embed Satago’s technology to “just a few hours.”
Once the solution is embedded, SMEs can access Satago’s invoice financing, risk insights and credit management services through digital channels. Automatic, periodic updates ensure your technology scales and optimizes as your business grows and expands.
“Satago’s invoice financing and cash flow management solution is an essential tool and we are excited to be able to quickly integrate it into our SME-targeted platform,” said Irfan Khan, mmob founder and CEO. “Mmob’s universal API adapter removes time and cost barriers for companies looking to add new solutions for their customers, so working with Satago is now easier than ever.”
Satago leverages real-time data, open banking, and API technologies to help lenders and other businesses streamline operations, increase revenue, and improve customer experiences. The 3-in-1 Working Capital solution combines invoice finance, risk insights and credit management to help lenders provide faster funding, control credit risk and get repaid faster. The company announced the joining in February. ‘Nayawon’‘s technology marketplace. Founded in 2012, Satago was acquired by Oxygen Finance in 2017.
Based in London and founded in 2020, mmob won Best of show for its Finovate debut at FinovateEurope 2022. At the conference, the company Intelligent Partnership InfrastructureThis allows third-party providers to leverage no-code tools to build and deploy digital customer experiences. The solution includes an analytics module that allows businesses to analyze both user behavior and revenue to further innovate and improve the user experience.
According to Crunchbase, mmob has raised $6.2 million (€5.8 million) in funding. The company’s financial backers include high-net-worth individuals, bank executives and angel investors.
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