Welsh FinTech Sonovate has provided £1bn funding

December 12, 2019 | FinTech

Written by FinTech Alliance

Welsh FinTech Sonovate has provided £1bn funding

Sonovate, a FinTech for contract workers, has provided over £1bn to businesses.

In Brief:

  • Sonovate aims to disrupt the invoice finance space by helping companies access cashflow.

  • It has provided funding for contract workers in 39 different countries.

  • Sonovate works with 2,700 companies.

What does this mean?

The solution aims to provide freelance workers more control over their finances and help companies access talent. Sonovate will continue trying to transform the contingent worker market following this milestone which clearly demonstrates need.

Read more here.

 

More in FinTech

Revolut integrates Clear Books
FinTech
May 26, 2020

Revolut integrates Clear Books

Revolut has made a deal with Clear Books to enhance its Business accounts. In Brief: Cl...

Monzo CEO steps down; becomes president
FinTech
May 22, 2020

Monzo CEO steps down; becomes president

Monzo co-founder and UK CEO Tom Blomfield has stepped down from his role. In Brief: He w...

‘Contis Cares’ launches to serve vulnerable people
FinTech
May 22, 2020

‘Contis Cares’ launches to serve vulnerable people

FinTech Alliance company Contis has launched a “carer banking” programme amid Covid-19.....

FinTech
May 14, 2020

Whitecap Consulting’s Regional FinTech Ecosystem Analysis

Whitecap has been analysing the UK’s regional FinTech ecosystems since 2018 and has now conduc...

FinTech
May 14, 2020

The Global Fintech Index 2020

Building a Global Fintech Index Fintech exists to solve global problems. Of access – such a...

FinTech
May 14, 2020

Rise FinTech Reports: The latest FinTech insights from across the world

The latest reports from Rise. These reports are a snapshot of our global Rise network and bring y...

How FinTechs are predicting the future with smart analytics

How FinTechs are predicting the future with smart analytics

When: May 28th, 2020
Where: Webinar, London , UK
Price: FREE
Fintech Fridays at Rise LDN

Fintech Fridays at Rise LDN

When: May 29th, 2020
Where: Webinar, London , UK
Price: FREE
Embedded Finance: Media

Embedded Finance: Media

When: Jun 04th, 2020
Where: Online
Price: FREE