Things speed up for Mancheser fintech Payful following accelerator selection
Manchester fintech company Payful has secured its place on Enterprise City’s ‘Exchange Support Scheme’.
Lloyds to licence invoice financing technology from Satago
Lloyds Banking Group is to run a six month trial of an invoice financing platform from Satago Financial Solutions, with a five-year commercial contract for the product on the line. As part of the pilot, Lloyds Bank will be extending financing to its customer base utilising Satago’s digital cashflow management and invoice financing platform. Satago will be paid a recurring fee for each customer of the Bank that utilises the technology. Sinead McHale, CEO of Satago, says: “Lloyds’ brand and reach, combined with our technology and speed of execution, is a great example of how established banks and innovative Fintech companies can work together to deliver better outcomes for SMEs.” […]