About Sonovate
Sonovate is a Financial Services company based in London (United Kingdom) founded in 2012. Online platform for invoice financing. Sonovate has raised $163.08 million across 10 funding rounds from investors including BNP Paribas, PNC and Shawbrook Bank. Sonovate was last valued at $82 million in October 2016. Its website sonovate.com draws about 52 thousand monthly visits. Sonovate offers products and services including Invoice Funding, Funding and Back Office, Instant Credit, and Timesheets. Its focus areas include FinTech, Alternative Lending, Online Lenders and Business Loans. Its legal entity is SONOVATE LIMITED. Its competitors include Finverity, Optimum Finance and Storfund; 3 of its 3 listed competitors have raised funding.
Company details
Sonovate was established in 2012 in London, United Kingdom, within the fintech sector focused on invoice financing. Services are extended to recruitment agencies through an online system that handles credit checks for clients and processes payments for contract employees once timesheets are submitted. Operations encompass contract management via a dashboard, timesheet verification for errors, and invoice oversight, supporting efficient payroll for temporary staff.
- Headquarters London, United Kingdom
- Stage Minicorn
- SectorsFinancial Services
- Website category Jobs and Career · Jobs and Employment
- Email••••••••
- Phone•••• ••••
- Website sonovate.com
- Social LinkedIn X Facebook YouTube
- Legal Name Sonovate Limited
- Date of Incorporation 20 Jan, 2011
- Jurisdiction CARDIFF, WALES
- Total Equity Funding$163.08M (USD)
in 10 rounds
- Latest Funding Round$281.33M (USD), Debt – Conventional
Mar 2026
- InvestorsBNP Paribas
& 11 more
Products & Services of Sonovate
Sonovate offers a comprehensive portfolio of products and services, including Invoice Funding, Funding and Back Office, Instant Credit, and Timesheets.
Flexible SaaS solution for advancing cash on invoices to support business growth
Tools to run and manage contractors at scale for recruitment firms
Secure credit provision for clients in seconds to facilitate transactions
Industry-leading system for tracking and managing candidate timesheets
Apps and channels of Sonovate
its YouTube channel Sonovate has 95 subscribers and 30 videos.
Videos from Sonovate
The most watched videos on Sonovate's YouTube channel, Sonovate (95 subscribers). Click a video to play it here.
More on Sonovate.
Funding Insights of Sonovate
Sonovate has successfully raised a total of $163.08M across 10 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $281.33 million completed in March 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $163.08M
- Total Rounds 10
- Last Round Debt – Conventional — $281.33M
- First Round $16M
(Oct 2014)
- Investors Count 12
All 10 funding rounds of Sonovate with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2026 | $281.33M | Debt – Conventional | – | – | |
| Jul 2022 | $198.24M | Debt – Conventional | – | – | |
| Sep 2019 | Debt – Conventional | – | – | ||
| May 2019 | $135.11M | Series C | – | M&G, Rocket Internet | |
| Oct 2016 | $6.2M | Debt – Conventional | – | – | – |
| Oct 2016 | $14.8M | Series B | $82M | Global Founders Capital, Rocket Internet | |
| Jan 2016 | $21.47M | Debt – Conventional | – | – | |
| Nov 2015 | $7.16M | Series A | – | Dawn Capital | |
| Mar 2015 | $6.01M | Series A | – | – | – |
| Oct 2014 | $16M | Debt – Conventional | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Oct 2016 | $82M | •••••••• |
Last known valuation $82M (Oct 2016). 12 investors in total: 11 institutional and 1 angel.
Investors in Sonovate
Sonovate has secured backing from 12 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include BNP Paribas, PNC and Shawbrook Bank.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Diversified asset management firm and private fund focused on debt and equity investments in climate startups, real estate, and multiple sectors | 1931 | mandg.com | London, United Kingdom | |
Global investments in internet and technology startups are facilitated. | 2006 | rocket-internet.com | Berlin, Germany | |
Dawn Capital is focused on investing in European software startups. | 2007 | dawncapital.com | London, United Kingdom | |
| mxbholdings.tcc.mode | ||||
Venture capital firm focused on early-stage startups | globalfounderscapital.com | Berlin, Germany | ||
Venture capital firm focused on software, fintech, marketplaces, and consumer internet | dncapital.com | London, United Kingdom | ||
Banking & financial service provider | 1848 | group.bnpparibas | Paris, France | |
Life, health, and financial insurance services are provided globally. | 1875 | prudential.com | Newark, United States | |
Parsifal Enterprises is engaged in providing free poetry literature. | parsifalenterprises.com | |||
Commercial banking services are provided in the United Kingdom. | 2011 | shawbrook.co.uk | Brentwood, United Kingdom |
Investor details for Sonovate
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Verified entity values are shown only after access is granted.
People of Sonovate
3 people are tracked at Sonovate (3 in leadership).
| Name | Role | Group |
|---|---|---|
Fleur Prime | Leadership | |
Damon Chapple | Co-founder & Co-CEO | Leadership |
Richard Prime | Co-founder & Co-CEO | Leadership |
Complete people profiles for Sonovate
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Timeline of Sonovate
4 dated milestones of Sonovate across 14 years, from founding to its latest funding, stage changes and deals.
- Founded Sonovate is founded.
- Funding First funding round of $16.0M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Debt – Conventional, of $281.3M.
Competitors of Sonovate
Sonovate has 3 listed competitors in our database, 3 of them funded. They include Finverity, Optimum Finance and Storfund.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| finverity.com | 2017 | London, United Kingdom | $7M | 8 | P2P marketplace for supply chain financing | |
| optimumfinance.co.uk | 2016 | Bristol, United Kingdom | $434,000 | 36 | Working capital loans are extended to small and medium-sized enterprises. | |
| storfund.com | 2018 | London, United Kingdom | $413.24M | Currency exchange services are facilitated by Storfund in London. |
Detailed competitors of Sonovate
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Sonovate
The website of Sonovate (sonovate.com) receives about 51.7K visits a month and ranks #705,631 among all websites worldwide, #11,312 in Jobs and Employment.
- Monthly visits51.7K
▲ 16.5% vs previous month
- Unique visitors11.6K
per month
- Global rank#705,631
among all websites
- Category rank#11,312
Jobs and Career · Jobs and Employment
- Bounce rate40%
- Pages per visit2.7
- Average visit1 min 55 sec
- DevicesDesktop 62% · Mobile 38%
Websites whose visitors overlap most with Sonovate. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
consortia.co.uk | consortia.co.uk | 100% | – | ||
| salesagents.uk | 99% | 40.5K | #592,319 | View details | |
| rec.uk.com | 94% | 26.2K | #973,525 | View details | |
| cherryprofessional.co.uk | 88% | 680.7K | #4,159,037 | View details | |
| brightpurple.co.uk | 88% | #2,820,183 | View details | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 14 similar websites and full traffic analytics for Sonovate
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 14 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Alternative Lending
2 companies that operate in the same segment as Sonovate (Alternative Lending) in United Kingdom, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
A peer-to-peer marketplace for business loans is operated and developed. | 2010 | London, England, United Kingdom | USD 372.67 M | USD 299.61 M | 860 | |
Financial benefits platform for on-demand pay is provided to employees. | 2018 | London, England, United Kingdom | USD 133.02 M |
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Related news about Sonovate
Complete news archive for Sonovate
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Frequently Asked Questions about Sonovate
Sonovate was founded in 2012 and raised its 1st funding round 2 years after it was founded.
Sonovate is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Sonovate is a funded company, having raised a total of $163.08M across 10 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $16M, raised on Oct 2014.
Sonovate was established in 2012 in London, United Kingdom, within the fintech sector focused on invoice financing. Services are extended to recruitment agencies through an online system that handles credit checks for clients and processes payments for contract employees once timesheets are submitted. Operations encompass contract management via a dashboard, timesheet verification for errors, and invoice oversight, supporting efficient payroll for temporary staff.
Sonovate's top competitors include Optimum Finance, Finverity and Storfund.
Sonovate offers Invoice Funding, Funding and Back Office, Instant Credit, and Timesheets.
Sonovate has 12 investors. Key investors include BNP Paribas, PNC, Shawbrook Bank, Prudential, and Rocket Internet.
The valuation of Sonovate is $82M as of Oct 2016.
Sonovate operates through Sonovate Limited.