Tag: Sonovate

Sonovate expands securitisation to £240m with Lloyds Bank onboard

Sonovate, a prominent figure in the provision of finance and payment solutions for the contingent workforce, recently disclosed a momentous escalation in its securitisation.

Sonovate leverages Xero certification to enhance FinTech solutions

Sonovate, a financial technology service provider catering specifically to recruitment businesses, consultancies, and online freelancer platforms, has recently marked a significant milestone by securing a certification from Xero, a renowned player in the realm of cloud accounting software.

Freelancers are waiting 3x longer to get paid than contracted staff...

Freelancers wait three times longer to get paid than full time staff, as firms struggle with both cash flow and payroll issues, according to research from Sonovate.

Payment solution for on-demand workers Sonovate closes £165m securitisation deal

Sonovate, a developer of embedded finance and payment solutions for the contingent workforce, has bagged £165m in a securitisation deal.

Orka Technology Group secures £29m to scale team

Orka Technology Group has topped up its coffers with a £29m funding round to fuel the growth of its earned wage access product Orka Pay.

Gig economy FinTech Sonovate taps RegTech company TruNarrative to help strengthen...

Cardiff-based FinTech company Sonovate is on a mission to strengthen its customer onboarding processes. To succeed, it recently turned to TruNarrative, the RegTech company.

Invoice financing solution Sonovate bags £110m in funding

Sonovate, which provides invoice finance to the recruitment industry, has scored £110m in funding.

Sonovate takes on £14m for contract recruitment financing

Sonovate has raised a new round of funding totaling £14m for its recruiter-financing business. The Series B round was led by Global Founders Capital.

Sonovate gets £20m for recruitment financing service

UK-based recruitment contract finance provider Sonovate has raised a total of £20m in debt and equity.

120,000+ FinTech leaders get exclusive industry stories delivered every week

Download the free AIFinTech100 report

FREE

Download the AIFinTech100 report for 2024 with details on each solution