High Growth Innovator

Business Lending, Open Banking, SaaS


Sonovate provides tech-driven business finance for thousands of recruitment agencies, freelance marketplaces, consultancies and other businesses that engage contractors and freelancers, helping ensure people get paid in full and on time. Sonovate has now provided a total of £1.9bn of on-demand funding, enabling more than 3,000 businesses in 40 countries to grow and ensuring 25,000 independent workers get paid.

Sonovate was founded in 2013 by Richard Prime and Damon Chapple. Led by its philosophy of smarter pay for the new working world, Sonovate gives businesses and individuals the security and flexibility they need to thrive. Working globally with businesses of all sizes, from start-ups to large corporates, Sonovate is the go-to platform for modern businesses that want to scale while having certainty and security over the payment of their contingent workforce.