Satago is clever credit control software, with integrated credit risk data, that gets businesses paid faster.
We believe businesses have the right to get paid on time. With Satago we are building a platform and an ecosystem that will make the stress created by late payment one less thing to worry about. Modern business is already hard enough, even without the extraordinary efforts spent on holding customers to the promises they made in the payment terms.
The system integrates with users' accounting software and automatically imports data about the invoices they have submitted to their business customers. Satago then takes over the chasing of users' debtors through customised, escalating email reminders, as well as sending late-payment demand letters. In effect we act as an out-sourced credit management CRM.
Trufin, a niche technology-enabled bank run by a former hedge fund boss, has just floated on the London Stock Exchange this morning to raise £70m. The fintech-focused business has three divisions including DFC, a short-term lender focusing on financing supply chains, Oxygen Finance, which helps p…