Satago - About the company
Satago is an acquired company based in London (United Kingdom), founded in 2012 by Steven Renwick. It operates as a Provider of a risk management platform for businesses. Satago has raised $7.73M in funding. The company has 2420 active competitors, including 454 funded and 349 that have exited. Its top competitors include companies like ComplyAdvantage, Riskified and Simplex.
Company Details
Provider of a risk management platform for businesses. It provides users with a platform that helps businesses manage credit risks, enhance debtor management, and access invoice finance. It offers a platform that enables businesses to get paid and payment on delayed invoices.
- Website
- www.satago.com/
Key Metrics
Founded Year
2012
Location
London, United Kingdom
Stage
Acquired
Total Funding
$7.73M in 3 rounds
Latest Funding Round
Ranked
219th among 2420 active competitors
Annual Revenue
£1M - £10M as on Dec 31, 2024
Employee Count
25 as on May 31, 2026
Similar Companies
Exit Details
Acquired by Oxygen Finance (Feb 16, 2017)
Legal entities associated with Satago
Satago is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
SATAGO SPV1 LIMITED CIN: 12201564 , United Kingdom, Active | Sep 10, 2019 | - | - | |
SATAGO FINANCIAL SOLUTIONS LIMITED CIN: 9998904 , United Kingdom, Active | Feb 09, 2016 | $0 - $1M (As on Dec 31, 2024) | 39 (As on Dec 31, 2023) |
Satago's acquisition details
Satago got acquired by Oxygen Finance on Feb 16, 2017.
Click here to take a look at Satago's acquisition in detail
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Satago's funding and investors
Satago has raised a total funding of $7.73M over 3 rounds. Its first funding round was on Jul 21, 2012. Its latest funding round was a Series A round on Jun 08, 2016 for $*****. 1 investor participated in its latest round. Satago has 6 institutional investors and 4 angel investors.
Here is the list of recent funding rounds of Satago:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jun 08, 2016 | 7146196 | Series A | 3028010 | 7612137 | 3119637 | 7001622 |
May 15, 2014 | 2836179 | Seed | 6328319 | 1624276 | 6932433 | |
Jul 21, 2012 | 7686965 | Seed | 5315629 | 6860467 | 6094298 | 4628519 |
View details of Satago's funding rounds and investors
Satago's founders and board of directors
Founder? Claim ProfileThe founders of Satago is Steven Renwick.
Here are the details of Satago's key team members:
- Steven Renwick: CEO & Founder of Satago and founder of 1 other company. Contact Info: 1 email address
- Sinead McHale: CEO of Satago. They are also an angel investor in 1 startup.Contact Info: 1 email address
View details of Satago's Founder profiles and Board Members
Satago's employee count trend
Satago has 25 employees as of May 26. Here is Satago's employee count trend over the years:
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Satago's Competitors and alternates
Top competitors of Satago include ComplyAdvantage, Riskified and Simplex. Here is the list of Top 10 competitors of Satago, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | ComplyAdvantage 2014, London (United Kingdom), Series C | Cloud-based AML solutions | $167M | 75/100 | |
2nd | Riskified 2013, New York City (United States), Public | AI-based payment fraud prevention solutions for e-commerce solution | $232M | 74/100 | |
3rd | AI-based crypto payments and fraud prevention solutions for businesses | $19M | 73/100 | ||
4th | Platform offering E- Commerce analytics solutions | $28.2M | 73/100 | ||
5th | Entrust 1969, Dallas (United States), Acquired | Provider of identity-centric security solutions, including issuance and data protection | - | 71/100 | |
6th | Enigma 2011, New York City (United States), Series C | Provider of business data and intelligence for risk and growth management | $130M | 71/100 | |
7th | Signifyd 2011, Palo Alto (United States), Series E | Provider of fraud prevention and payment validation for online retailers | $394M | 70/100 | |
8th | Sift 1997, San Francisco (United States), Series D | Provider of an AI-powered platform for fraud detection and prevention | $162M | 70/100 | |
9th | Cloud based KYC and AML management software | $181M | 70/100 | ||
10th | NICE Actimize 1999, Hoboken (United States), Acquired | Provider of AI-driven anti-money laundering and fraud detection solutions | $24M | 70/100 | |
219th | Satago 2012, London (United Kingdom), Acquired | Provider of a risk management platform for businesses | $7.73M | 48/100 |
Looking for more details on Satago's competitors? Click here to see the top ones
Satago's Investments and acquisitions
Satago has made no investments or acquisitions yet.
News related to Satago
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Trufin Shares Drop A Third As Lloyds Terminates Contract With SatagoShareprices•Jul 16, 2024•TruFin, Satago
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Satago & mmob partnership to revolutionise embedded finance solutionsTechDay•Apr 17, 2024•Satago, mmob
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Sage Partners With Lloyds Bank To Help Smbs Access Instant FinancingFinancial IT•Jun 09, 2022•Lloyds Bank, Sage, Satago, ADP
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Satago partners with Lloyds Bank to reinvent invoice financing for UK SMEsBusiness Money•Mar 10, 2022•Satago, Lloyds Bank
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Lloyds Bank invests £5 million in working capital platform SatagoFinextra•Mar 09, 2022•Lloyds Bank, Satago
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TruFin Announces Invoice Platform Commercial Pilot With Satago & LloydsMorningstar•Dec 11, 2020•Lloyds Banking Group, Satago
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