Sonovate is a finance and back-office tech provider for recruitment agencies and consultancies.
Sonovate helps recruitment businesses and consultancies of all sizes get money in quickly to pay their contractors on time.
Sonovate was founded in 2012 by Richard Prime & Damon Chapple and iis based in London, London, with an additional office in Cardiff, UK.
Sonovate serves agencies which is start-up recruitment, looking to place contractors, self-funding the contractors, and using invoice finance products.
Sonovate's unrivalled platform gives you access to everything you need to fund contractors - contracts, invoices, timesheets.
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's investors include Global Founders Capital, M&G Investments, Dawn Capital, Rocket Internet and others. The company raised £110M in its latest Ventue Round financing on Sep 9, 2019. This brings Sonovate's total funding to $152.1M to-date.