Satago’s mission is to help small businesses get paid on time. We are the only finance company that tries to improve your financial health so you use as little finance as necessary from us and more money stays in your pocket.
Our selective single invoice finance (aka “spot-factoring”) is provided through our credit control platform. We provide the benefits of factoring but you stay in control of the credit control and only pay for the finance that you use. Satago Invoice Finance is a confidential service and if you don’t finance any invoices then there is no charge.
We will finance UK domestic invoices in most industries (excluding construction). Our typical finance clients have a turnover of up to £6M, although we have clients using our credit control software that are much larger.
We can finance invoices as small as £500 and as large as £500,000. Many of our clients use us to finance multiple smaller invoices, so that we become a dynamic line of credit, secured against your invoices, as an alternative to an overdraft.
For a company with no existing charges, same-day funding from initial application is possible. Once a client is on-boarded to Satago Invoice Finance, we usually process finance requests the same day. Finance requests are made through the Satago platform and usually require no interaction with Satago staff since your invoices are pre-approved for finance.
“At Valued we have been working with our clients to improve cash flow and Satago Invoice Finance has been a tool we have implemented at many clients with amazing success The whole sign up, implementation and results driven process has been made so simple by the team at Satago and we would have no hesitation at all in recommending the product as part of the cash flow improvement system.” –Stephen Paul, Valued Accountancy“Automated debt collection is so good you won't need the finance. We signed up with Satago to take advantage of the invoice financing. However, the automated reminders they send out have proved so effective we've not needed to even use the financing yet. I'd add that this part of the service is free. I almost feel bad!” – Calvin Evans, Webantic
What is the most memorable sample or gift you have received from a client?
When we are at exhibitions, we like to give away products from our own clients. The most popular one is bottles of “Original Beetroot Ketchup”, made by a company called The Foraging Fox. We think this is much more interesting than giving away Satago-branded pens!
What company name have you encountered that is the most creative/off-the-wall?
We often get asked what our own company name means. “Satago” is a Latin word, meaning “to pay or satisfy a creditor”, which is quite appropriate for us!