London based cashflow management solution for SMEs raised a £1.6m venture round, coupled with a £3m credit line, both from investor ESF Capital.
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Satago raises £1.6m venture round
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.
