In light of the disappearing of the overdraft, Satago’s Steven Renwick asks ‘what next for SME finance?’ in Finance Digest

Steven Renwick, CEO, SatagoWith the long-relied upon overdraft disappearing from the high street, many small- and medium-sized enterprises (SMEs) are struggling to finance working capital and effectively manage their cash flow – especially when the challenge of  late payments prevails. In light of these pressures, Steven Renwick, CEO, Satago, shares his expertise with Finance Digest on the ways SMEs can circumvent the late payment issue via alternative financing, which is being increasingly offered by a host of market entrants from the fintech space.

Notably, Renwick highlights how flexible funding solutions, such as invoice finance, are enabling companies to release cash tied up in unpaid invoices, which can restore confidence in cash flow strategies and ensure that SME growth is not frustrated by late payments.

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