The newly-signed financing arrangement comprises an initial £3 million credit line from ESF and an equity investment of £1.6 million, with further potential for additional equity and debt funding. The deal signals the launch of Satago’s unique financing solution, which marries dynamic single invoice financing with a free, online, universally-accessible credit control platform for SMEs. Satago invoice finance had previously been in a pilot phase since January 2016.

https://www.finextra.com/pressarticle/64813/satago-scores-46m-in-funding-from-esf-capital