TruFin PLC Statement re Satago (4711N)

TIDMTRU TIDMTRU

RNS Number : 4711N

TruFin PLC

23 January 2023

23 January 2023

TruFin plc

("TruFin" or the "Company")

Satago Financial Solutions Limited ("Satago") deepens partnership with Sage Group plc ("Sage")

TruFin is pleased to announce that, further to the Company's statement on 20 October 2022, Satago is extending its agreement with Sage, the leader in accounting, financial, HR and payroll technology for small and mid-sized businesses (SMBs).

The extended agreement adds Satago services to certain Sage 50 subscription packages in Ireland. This builds on the previously announced agreement to deliver this offering in the UK. Under the agreements, Sage 50 customers will gain access to Satago's core platform solutions, credit control and risk insights to better manage their debtor book.

Embedded finance service in UK

TruFin is also delighted to announce that Satago has signed a statement of work to embed Satago's invoice finance service into Sage 50. Satago will launch its embedded finance solution with Sage during Q1 2023.

Initially available in the UK, this new solution will make it easier for SMBs to overcome common cashflow challenges. The development underscores Satago's ongoing partnership with Sage, providing innovative solutions for Sage 50 customers.

For further information, please contact:

 
 TruFin plc 
   James van den Bergh, Chief Executive Officer     0203 743 1340 
   Kam Bansil, Investor Relations                    07779 229508 
 Liberum Capital Limited (Nominated Adviser and 
  Corporate broker) 
  Chris Clarke 
  Edward Thomas                                    0203 100 2000 
 

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January 23, 2023 02:00 ET (07:00 GMT)