Sonovate Revenue and Competitors

London, UK

Location

N/A

Total Funding

Fintech

Industry

Estimated Revenue & Valuation

  • Sonovate's estimated annual revenue is currently $24.2M per year.(i)
  • Sonovate's estimated revenue per employee is $139,750

Employee Data

  • Sonovate has 173 Employees.(i)
  • Sonovate grew their employee count by -9% last year.

Sonovate's People

NameTitleEmail/Phone
1
Product Owner (Connectivity and Marketplaces)Reveal Email/Phone
2
CEO and FounderReveal Email/Phone
3
Head Data & AnalyticsReveal Email/Phone
4
Head IT - App Support & Security Reveal Email/Phone
5
Head OperationsReveal Email/Phone
6
Head GrowthReveal Email/Phone
7
Head UnderwritingReveal Email/Phone
8
Head ProductReveal Email/Phone
9
Finance DirectorReveal Email/Phone
10
Operational Project ManagerReveal Email/Phone
Competitor NameRevenueNumber of EmployeesEmployee GrowthTotal FundingValuation
#1
$8.5M0N/A$1.5MN/A
#2
$22.5M1578%N/AN/A
#3
$59.2M36414%N/AN/A
#4
$3.4M34-3%$26MN/A
#5
$1937.3M104214%$1.7BN/A
#6
$195.2M1050863%$746.4MN/A
#7
$279.8M150520%$123.5MN/A
#8
$13.5M104-19%N/AN/A
#9
$165.6M89177%$529.3MN/A
#10
$21.5M0N/A$687MN/A
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What Is Sonovate?

Sonovate powers the new working world. What started as a business to make finance and back-office better for recruitment agencies is now changing how businesses of all shapes and sizes access finance and support to manage their freelance workforce. We?ve 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. Backed by ambitious investors and developed by a team in London and Cardiff, we?ve funded in excess of £700m to a host of businesses, from recruitment startups to large-scale organisations who?ve grown tired of the traditional approach to finance from the banking world. What we provide Simple, fast invoice finance wrapped in bespoke technology. Who we provide it to - Recruitment agencies - Business consultancies - Gig economy job platforms - Individuals (freelancers and contractors) Why people choose Sonovate - We pay you an industry leading 100% of your invoice profit, minus our one fee. - We do all the client chasing and offer support from start to finish for a small percentage of the invoice value. That's it. No fuss, no headaches, just reliable and swift payment. - Finance is on-demand, for whenever you need it. - Our unrivalled platform gives you access to everything you need to fund contractors - contracts, invoices, timesheets. What?s more... - No setup fees, transfer fees, service fees, credit check fees or re-factoring charges - No long contracts - No personal guarantees - No hidden charges or additional fees - No limits to how much business you do with your clients - No reserves, no concentration limits, no all turnover agreement And, as standard, our team take care of all the back office admin for you: - Credit control - Invoicing - Payments - Contracts - Compliance - Timesheets Get in touch today and book your personal demo.

keywords:N/A

N/A

Total Funding

173

Number of Employees

$24.2M

Revenue (est)

-9%

Employee Growth %

N/A

Valuation

N/A

Accelerator

Sonovate News

2019-10-09 - Sonovate Raises £110m in Debt and Equity Funding

Sonovate, a London, and Cardiff, UK-based provider of finance and back-office solutions, raised £110m in debt and equity funding. The round was led by M&G Investments, MXB Holdings Inc, Dawn Capital and Rocket Internet SE. The company intends to use the funds to advance its core product offeri ...

2019-09-09 - UK fintech Sonovate raises £110m

Sonovate, the UK-based 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. This latest round of investment follows a Series B funding secu ...

2016-10-11 - Sonovate Raises £14M Series B Funding

Sonovate, a London, UK-based recruitment finance provider, raised a £14m Series B funding. The round was led by Rocket Internet’s investment arm Global Founders Capital and supported by Dawn Capital. Comprising £9m in equity and £5m in debt funding, it follows the £20m funding round announced ...

Company NameRevenueNumber of EmployeesEmployee GrowthTotal Funding
#1
$34.3M17310%N/A
#2
$47.6M173-2%N/A
#3
$41.9M1738%N/A
#4
$51.4M173-2%N/A
#5
$35M173-1%N/A