Sonovate

Sonovate is a FinTech lender that provides embedded finance and technology services to contract and freelance businesses.

Sonovate provides tech-driven finance for the global contingent workforce.

Sonovate was founded in 2012 by Richard Prime and Damon Chapple. The company is headquartered in Cardiff and London.

 

Sonovate has created an end-to-end work pay solution to power the new working world. One that let’s businesses unlock the power of the contract, freelance and gig economy with none of the hard work or complications that come with old-school finance.

 

Sonovate provides services that facilitate transactions in the gig economy. To date, more than 30,000 freelancers, gig workers and contractors have been paid by over 3,000 businesses via Sonovate. 

 

Sonovate has funded over £2bn in 40+ countries, working with thousands of businesses from startups to enterprises.

 

Sonovate is backed by Global Founders Capital, M&G Investments, Dawn Capital, Rocket Internet and others. The company raised $90.7M in a new round in Sep 2021. This brings Sonovate's total funding to $242.8M to date.

 

 

  • Year founded: 2012
  • Funding Info: $242.8M over 4 Rounds (Latest Funding Type: Venture- Series Unknown)
  • Yearly Revenue: NA
  • Employee Size: 51-200
  • Business Valuation: NA
  • City/Town: London
  • State: London
  • Country: United Kingdom
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