Satago, the fintech firm providing working capital solutions, and mmob, the universal API adaptor, have announced a new partnership aimed at simplifying and speeding up embedded finance propositions.

The alliance will enable lenders and corporates to streamline Satago's flexible invoice financing and cashflow solutions using mmob's integration capabilities. The partnership comes at a time when Juniper Research predicts a 148% growth in the embedded finance market, pushing it to a revenue of USD $228 billion by 2028.

Lenders and corporates can now integrate Satago's 3-in-1 working capital solution for small and medium enterprises (SMEs) into their digital platforms using a single snippet of code. The integration, via mmob's technology, cuts the initial integration time down to just a few hours, substantially reducing the burden on development teams. A key feature of the integration is its automatic periodic updates, made possible through cloud-based infrastructure, resulting in a solution that scales and optimises in tandem with the businesses utilising it.

Once embedded, any SME issuing invoices can access Satago's flexible invoice financing, risk insights, and credit control solutions through digital channels offered by lenders and corporations.

Sinead McHale, CEO of Satago, said: "We're delighted to partner with mmob, combining our industry-leading Invoice Finance and Cash Flow Management solutions with their seamless integration technology. This partnership allows us to drive the reach of our platform, allowing lenders and corporates to embed Satago's transformative working capital solutions into their platforms in as little as two hours of integration time."

McHale continued: "This ultimately benefits end-users the most, enabling us to place the increased visibility, control, flexibility and intelligence that Satago provides into the hands of more global partners, and their thousands of small business customers with ease."

Irfan Khan, Founder and CEO of mmob, added: "mmob and Satago have shared values of offering the right financial products to the people who need them most, in the right place at the right time. SMEs have long been neglected and are a great example of the end users who will benefit from embedded finance."

Khan continued: "Satago's invoice financing and cash flow management solution is a vital tool, and we are delighted to be able to help them integrate into SME-facing platforms at speed. Mmob's universal API adaptor removes the barriers of time and cost for companies who want to add a new solution for their customers, so now it’s easier than ever to work with Satago." Khan expressed his excitement about the partnership's potential as both companies scale, and the tools support many businesses.

The collaboration between Satago and mmob marks a significant advancement in embedded finance, offering tangible benefits to lenders, corporates, and SMEs. By leveraging mmob's integration capabilities, Satago's working capital solutions become more accessible and easier to implement, streamlining processes and reducing development time for all parties involved.

This partnership reflects a commitment to providing practical, efficient solutions that address real-world financial challenges without resorting to exaggerated claims or hyperbole. As they work together to expand their reach and impact, Satago and mmob are poised to make a meaningful difference in the world of finance, empowering businesses to thrive in an ever-evolving marketplace.