Satago Partners with DF Capital to Expand Invoice Discounting Services

January 16, 2025 07:01 PM AEDT | By Team Kalkine Media

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Satago Partners with DF Capital to Expand Invoice Discounting Services — Image source: Shutterstock

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Highlights

New Partnership: Satago has entered a partnership with DF Capital to offer invoice discounting to DF Capital’s customers.

Extended Services: The partnership allows DF Capital to provide working capital solutions to both Satago’s and its partners' clients.

Operational Support: Satago will leverage its lending technology and operational capabilities to administer the additional lending for DF Capital.

Future Updates: Shareholders will receive further updates on the partnership's progress during TruFin’s Full Year results presentation in March.

TruFin (LSE:TRU) is excited to share that Satago has entered into a formal partnership with DF Capital, a specialist bank offering working capital solutions to dealers and manufacturers across the UK. This collaboration will provide DF Capital's customers with expanded access to invoice discounting, serving as an alternative or supplement to their existing inventory finance solutions.

As part of the agreement, DF Capital will have the opportunity to offer working capital to both Satago's direct customers and those of its platform partners. Satago will support DF Capital and its clients by providing access to its proprietary lending technology and operational expertise, managing this additional lending on DF Capital’s behalf.

This partnership further strengthens Satago’s reputation as a trusted provider for third-party lenders seeking reliable, critical financial solutions. TruFin will offer more detailed updates on the progress of this and other partnerships during the Full Year results presentation in March.

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