Sonovate - News, Articles & Research

Company announcement/wholesale

Sonovate increases securitisation to £240 million

Sonovate, the leading provider of finance and payment solutions for the contingent workforce, has announced a significant increase in its securitisation to £240 million from the £165 million announced last year.

11 October 2023

Research

The Future of Fintech in the UK 2023

13 April 2023 686 downloads

News/startups

Exclusive: Fintech for influencers XPO goes into administration

XPO, a startup that raised about $1 million to help creators and influencers get their invoices quickly paid, has gone into administration.

06 September 2022

Company announcement/wholesale

Sonovate taps Demica for trade reporting

Sonovate, the leading provider of embedded finance and payment solutions for the contingent workforce, today announced a new partnership with Demica, the market-leading trade finance fintech, to enhance its reporting processes so it can continue to support thousands of business customers globally.

04 August 2022

Company announcement/payments

Sonovate: Freelancers having to wait three times longer to get paid than full time staff

Contract work may be on the rise following the Covid pandemic, but freelancers are still having to wait three times longer to get paid than full time staff as firms struggle with both cashflow and payroll issues, research shows.

26 July 2022

News/markets

Sonovate lands £165million deal with BNP Paribas and M&G Investments

UK fintech Sonovate has unveiled a substantial securitisation deal with BNP Paribas and M&G Investments, adding £165 million to its funding.

06 July 2022

Company announcement/wholesale

Sonovate makes move into embedded finance

Sonovate, the fintech lender that provides finance and technology services to businesses that engage contractors and freelancers, has launched brand-new cloud-native, API-first features to support its expanding number of enterprise* customers and enhance its embedded finance offering.

27 April 2022

Company announcement/payments

Sonovate, applies for Banking Competition Remedies (BCR) £100m fund

Sonovate, the UK’s leading alternative invoice finance and back-office technology provider, is among several fintechs to have submitted bids for the BCR’s Pool E fund.

14 July 2020

Company announcement/payments

Former Asos CTO Bob Strudwick joins Sonovate

Former ASOS CTO, Bob Strudwick, has joined fintech innovator Sonovate, the UK’s leading technology and cashflow provider to companies using contingent workers, as its new Chief Technology Officer.

21 November 2019

Company announcement

Sonovate raises £110 million in debt and equity financing

Sonovate, the UK’s leading finance and back-office tech provider to recruitment agencies and consultancies, has secured £110million debt and equity finance, led by M&G Investments, MXB Holdings Inc, Dawn Capital and Rocket Internet SE.

09 September 2019