Satago and mmob Partner on Embedded Finance for Lenders, Corporates

Satago and mmob have partnered to make it easier for lenders and corporates to add embedded finance capabilities.

This partnership will enable these businesses to use the integration capabilities of mmob, a universal application programming interface (API) adaptor, to embed Satago’s Invoice Finance and Cash Flow solutions, the companies said in a Friday (April 12) press release.

“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,” Sinéad McHale, CEO at Satago, said in the release.

With this solution embedded into a lender’s or corporate’s digital channels, any invoice-issuing small and medium-sized business (SMB) can access Satago’s invoice financing, risk insights and credit control solutions through those channels, according to the release.

Due to its cloud-based infrastructure, the integration updates automatically and can scale and optimize with the lenders or corporates that use it, the release said.

“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 [SMB]-facing platforms at speed,” Irfan Khan, founder and CEO at mmob, said in the release. “Mmob’s universal API adaptor remove 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.”

In another recent development in this space, Nuvei said Thursday (April 11) that it launched a service that enables merchants to access its invoice financing solutions directly within their enterprise resource planning (ERP) systems.

With this service, businesses can access cash within 24 hours by converting outstanding invoices into immediate working capital and enhance cash flow with one-click financing integrated into their enterprise resource planning (ERP) system.

In March, Intuit QuickBooks added a line of credit offering to the small business lending options available through its platform. The QuickBooks Line of Credit enables small businesses to access funding from $1,000 to $50,000 and tap into the funding when and how they need it. The loans are issued by WebBank.

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