Tag: SMEs

Satago’s Steven Renwick talks “on-demand business finance” in Tech City News

The financial services industry, long overdue a radical transformation, has been slow to embrace disruptive innovation. But a new breed of fintechs has emerged that is transforming the SME funding landscape. In Tech City News, Steven Renwick, CEO of Satago, explains how, by leveraging cloud technology, real-time data and analytics tools, these new fintechs are …

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Satago cited in Real Business article as an alternative to venture capital funding

With reports that venture capital funding for European technology start-ups fell by a third in Q3 2016, and that crowdfunding in the UK has decreased by approximately 20%, what are the alternatives for businesses seeking funding? In a Real Business article entitled “Venture capital funding in a cold climate”, invoice finance is highlighted as a …

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Satago’s Steven Renwick considers the advantages of invoice finance over lump sums for SMEs in Business Advice

Often for SMEs, receiving a lump sum or an equity investment can generate dilemmas resulting in overtrading or unwanted external influences. In Business Advice, Steven Renwick, CEO of Satago, considers an attractive alternative – selective invoice finance. Such a facility enables businesses to borrow funds as and when needed – on demand. Renwick writes that “Instead …

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Satago considers how invoice finance can help SMEs seeking investment in AccountingWEB

    For most businesses – especially SMEs – capital needs are often satisfied by a lump-sum debt injection or an equity investment. Both can result in funding way beyond what most SMEs need at any given moment, resulting in unnecessary challenges and complications.   Writing for AccountingWEB, Satago’s Steven Renwick and Julie Warren consider …

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ICC Banking Commission’s 2016 Global Survey reported in Moneyweb

Following the release of ICC Banking Commission’s 2016 Global Survey on Trade Finance, Moneyweb – the tier-one South African publication – has reported on the latest Survey’s findings. The Survey found that SMEs bear the brunt of the global shortage of trade finance, facing 58% of rejections for trade finance proposals. In addition, the rate …

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CWEIC’s Lord Marland in the Birmingham Post: With Commonwealth trade, Birmingham’s businesses have the edge

Chairman of the Commonwealth Enterprise and Investment Council (CWEIC) Lord Marland has written an opinion piece in the Birmingham Post where he argued that Birmingham’s businesses have an advantage when it comes to exploring Commonwealth markets after the Brexit vote. To add to the Commonwealth Factor that UK companies already stand to benefit from with Commonwealth trade, Birmingham’s distinctive …

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

With 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 …

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Steven Renwick, Satago, discusses the rise of selective invoice financing as an alternative to the overdraft in The Paypers

Despite comprising 99% of all UK businesses, small and medium-sized enterprises (SMEs) have become increasingly underserved by the banking sector in the post-crisis environment, with the withdrawal of overdrafts from the high street. Fortunately, a host of alternative lenders have stepped forward, many of which are leveraging developments in technology to offer new, valuable solutions …

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BNY Mellon’s Daniela Eder says inter-bank collaboration will help SMEs thrive in TFR

Accounting for 68% of the country’s exports, Germany’s 3.7m SMEs (or Mittelstand) are the backbone of the world’s fourth largest economy and have long been viewed as a blueprint for sterling business strategy and practice. But as the export landscape evolves at an astonishing rate – driven by advances in technology and globalisation – the …

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Steven Renwick discusses how Satago is leveraging technology to enhance credit control processes in PYMNTS

Late payments are a huge issue for many SMEs, with the problem so severe that it has become a key reason for insolvency in the sector. Through its all-in-one cash flow solution, which marries invoice finance and digitally-driven credit control capabilities, Satago aims to address this. In an in interview with PYMNTS, Satago CEO and …

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