Irish-led London fintech gets €6m funding boost from Lloyds

Satago, a cash management platform, helps SMEs to understand their borrowing capacity

Sinead McHale, chief executive of Satago: ‘This partnership allows us to leverage each other's strengths’

Satago, an Irish-led fintech based in London, has secured a £5 million (€6 million) investment from Lloyds Bank in exchange for a 20 per cent stake in the business.

Satago is a cash management platform for SMEs that provides credit control, risk management, and invoice finance services. The deal with Lloyds involves Satago providing a single solution for Lloyds’ customers across these services.

Invoice financing is a way for businesses to borrow money against the ...