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Embedded Finance for Lenders and Corporates: A Partnership Between Satago and mmob



Embedded Finance for Lenders and Corporates A Partnership Between Satago and mmob

Satago and mmob have teamed together to facilitate the addition of embedded finance capabilities for corporates and lenders.

According to a press release issued by the companies on Friday, April 12, this partnership will allow these businesses to embed Satago’s Cash Flow and Invoice Finance solutions using the integration capabilities of mmob, a universal application programming interface (API) adaptor.

“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.

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

The integration can scale and optimize with the lenders or corporates that use it because of its cloud-based infrastructure, which also allows for automatic updates, according to the release.

“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.”

Nuvei announced on Thursday, April 11, that it has introduced a service that allows merchants to access its invoice financing solutions directly from within their enterprise resource planning (ERP) systems. This is just one recent development in this space.

With the help of this service, companies can improve cash flow with one-click financing that is integrated into their enterprise resource planning (ERP) system and access cash within 24 hours by turning unpaid invoices into immediate working capital.

Intuit QuickBooks added a line of credit to the list of small business lending options accessible via its platform in March. Small businesses can obtain funding ranging from $1,000 to $50,000 through the QuickBooks Line of Credit, which they can utilize as needed. WebBank is the lender for the loans.

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