mmob, an embedded finance innovator, has recently announced a partnership with U.K.-based fintech company Satago. This collaboration aims to simplify the integration of Satago’s cash flow and invoice financing solutions for small and medium-sized enterprises (SMEs) for lenders and corporations.
The partnership between mmob and Satago will allow for a quicker and more seamless integration process, thanks to mmob’s efficient “single snippet of code” integration. This technology reduces the time required to embed Satago’s solutions to just hours, making it easier for SMEs to access Invoice Financing, Risk Insights, and Credit Control offerings through their digital channels.
Irfan Khan, the Founder and CEO of mmob, expressed his excitement about the partnership, stating, “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.”
Satago leverages real-time data, Open Banking, and API technology to streamline operations, increase revenues, and enhance the customer experience. The company’s 3-in-1 Working Capital solution combines invoice financing, risk insights, and credit control to provide faster financing, control credit risk, and improve repayment timelines.
mmob, headquartered in London and founded in 2020, recently won Best of Show in its debut at FinovateEurope 2022. The company showcased its Intelligent Partnerships Infrastructure at the event, enabling third-party providers to utilize no-code tools for building and deploying digital customer experiences.
With .2 million (€5.8 million) in funding, mmob has garnered support from high net worth individuals, banking executives, and angel investors. This partnership between mmob and Satago signals a significant step towards simplifying and accelerating embedded finance solutions for SMEs in the U.K. and beyond.
