Sonovate

Sonovate

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

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

September 9, 2019

Sonovate raises funds in venture round

The company raises £110M through four investors.

2012

Sonovate was founded by Damon Chapple and Richard Prime.

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
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People

Name
Role
LinkedIn

Damon Chapple

Co-Founder and CEO

Richard Prime

Co-Founder and CEO

Further reading

Title
Author
Link
Type
Date

UK fintech Sonovate raises £110m

Alara Basul

Web

September 9, 2019

Documentaries, videos and podcasts

Title
Date
Link

How Sonovate Works

June 14, 2018

Companies

Company
CEO
Location
Products/Services

References

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