About Sonovate
Sonovate is a company based in London (United Kingdom) founded in 2012. Sonovate has raised $163.08 million across 10 funding rounds from investors including BNP Paribas, PNC and Shawbrook Bank. Sonovate offers products and services including Invoice Funding, Funding and Back Office, Instant Credit, and Timesheets. Sonovate operates in a competitive market with competitors including Tradeshift, Finverity, Optimum Finance, Shengye Capital and Storfund, among others.
- Headquarter London, United Kingdom
- Stage Minicorn
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Sonovate Limited
- Date of Incorporation 20 Jan, 2011
- Jurisdiction CARDIFF, WALES
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$163.08 M (USD)
in 10 rounds
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Latest Funding Round
$281.33 M (USD), Debt – Conventional
Mar 09, 2026
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Investors
BNP Paribas
& 11 more
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Employee Count
Not available
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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
People of Sonovate
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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.
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.
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Diversified asset management firm and private fund focused on debt and equity investments in climate startups, real estate, and multiple sectors
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Global investments in internet and technology startups are facilitated.
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Dawn Capital is focused on investing in European software startups.
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Investor details for Sonovate
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Investments & Acquisitions by Sonovate
Investment portfolio details for Sonovate
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Financial Statements - Sonovate
Detailed financials for Sonovate
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Sonovate Comparisons
Peer comparison for Sonovate
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Competitors of Sonovate
Sonovate operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Tradeshift, Finverity, Optimum Finance, Shengye Capital and Storfund, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cloud-based source-to-pay management solutions are provided for businesses.
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P2P marketplace for supply chain financing
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Working capital loans are extended to small and medium-sized enterprises.
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Supply chain financing is facilitated through an online marketplace platform.
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Currency exchange services are facilitated by Storfund in London.
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Detailed competitors of Sonovate
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Latest news on 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.
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 Tradeshift, Optimum Finance and Finverity.
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.