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Sonovate

Sonovate

A financial services and technology company. It was founded in 2012 and is located in London, United Kingdom.

OverviewStructured DataIssuesContributors

Contents

sonovate.com
Is a
Organization
Organization
Company
Company

Company attributes

Industry
Financial technology
Financial technology
Technology
Technology
Financial services
Financial services
B2B
B2B
Software as a service (SaaS)
Software as a service (SaaS)
Software
Software
‌
Electronic invoicing
Finance
Finance
...
Location
United Kingdom
United Kingdom
London
London
B2X
B2B
B2B
CEO
‌
Richard Prime
‌
Damon Chapple
Founder
‌
Richard Prime
‌
Damon Chapple
AngelList URL
angel.co/sonovate
Pitchbook URL
pitchbook.com/profiles...152713-99
Date Incorporated
January 20, 2011
Number of Employees (Ranges)
51 – 200
Email Address
hello@sonovate.com
Number of Employees
1540
Place of Incorporation
United Kingdom
United Kingdom
Investors
DN Capital
DN Capital
Global Founders Capital
Global Founders Capital
Avala Capital
Avala Capital
Rocket Internet
Rocket Internet
M&G Investments
M&G Investments
‌
MXB Holdings
Dawn Capital
Dawn Capital
Founded Date
2011
Total Funding Amount (USD)
24,170,000
Latest Funding Round Date
October 2019
Competitors
‌
Fundkite
Randstad Holding
Randstad Holding
Lucas Group
Lucas Group
Rapyd
Rapyd
‌
Paystack
Uplift (digital marketing company)
Uplift (digital marketing company)
Worksuite
Worksuite
Oyster
Oyster
...
Latest Funding Type
Series B
Series B
Wellfound ID
sonovate

Other attributes

Blog
sonovate.com/blog/
Company Operating Status
Active
Latest Funding Round Amount (USD)
17,300,000

Sonovate is a London-based technology company that has created a platform that can be utilized for invoicing clients and managing finances associated with transactions in businesses. It can be used by recruitment companies, business consultancies, and individual freelancers. It provides upfront funding for unpaid invoices and utilizes the technology on the platform to aid in getting the invoices paid.

Product

The company's platform focuses on invoice financing. The dashboard gives visuals to manage invoice contracts using graphs created by the client's data. Information that is shown on the dashboard includes overdue timesheets, pending placements, weekly earnings, and more. The timesheet feature is automated and shows dates, hours worked, and any breaks that were taken. The invoice feature keeps track of all invoices funded, issued, and paid so that the client can see all of their invoices in one place. It is also possible to view information about companies with which the client has created contracts and see information such as the number of invoices issued and paid and the company's address.

Timeline

No Timeline data yet.

Funding Rounds

Products

Acquisitions

SBIR/STTR Awards

Patents

Further Resources

Title
Author
Link
Type
Date

How Sonovate Works

https://youtu.be/x4yjwM4q2CI

June 14, 2018

UK fintech Sonovate raises £110m

Alara Basul

https://www.uktech.news/guest-posts/funding/vc-funding/uk-fintech-sonovate-raises-110m-20190909

Web

September 9, 2019

References

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