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 2385 active competitors, including 458 funded and 346 that have exited. Its top competitors include companies like ComplyAdvantage, Riskified and Quantexa.
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
Investors
Ranked
182nd among 2385 active competitors
Annual Revenue
£1.48M as on Dec 31, 2024
Employee Count
39 as on Dec 31, 2023
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 | $17.7K (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 | 2057002 | Series A | 4143402 | 5358520 | 6862912 | 9448891 |
May 15, 2014 | 9856749 | Seed | 1144174 | 2204346 | 1797931 | |
Jul 21, 2012 | 1327872 | Seed | 6375896 | 3424551 | 3090207 | 7516477 |
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 39 employees as of Dec 23. The total employee count is 3.0% more than what it was in Dec 22. 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 Quantexa. 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 | 77/100 | |
2nd | Riskified 2013, New York City (United States), Public | AI-based payment fraud prevention solutions for e-commerce solution | $232M | 73/100 | |
3rd | Quantexa 2016, London (United Kingdom), Series F | AI powered data and decision intelligence solutions | $546M | 72/100 | |
4th | Platform offering E- Commerce analytics solutions | $28.2M | 72/100 | ||
5th | Enigma 2011, New York City (United States), Series C | Provider of business data and intelligence for risk and growth management | $130M | 72/100 | |
6th | Entrust 1969, Dallas (United States), Acquired | Provider of identity-centric security solutions, including issuance and data protection | - | 71/100 | |
7th | Sift 1997, San Francisco (United States), Series D | Provider of an AI-powered platform for fraud detection and prevention | $162M | 71/100 | |
8th | Signifyd 2011, Palo Alto (United States), Series E | Provider of fraud prevention and payment validation for online retailers | $394M | 70/100 | |
9th | NICE Actimize 1999, Hoboken (United States), Acquired | Provider of AI-driven anti-money laundering and fraud detection solutions | $24M | 70/100 | |
10th | Cloud based KYC and AML management software | $181M | 70/100 | ||
182nd | Satago 2012, London (United Kingdom), Acquired | Provider of a risk management platform for businesses | $7.73M | 50/100 |
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.
Reports related to Satago
Here is the latest report on Satago's sector:
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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