Sonovate was set up in 2013 as an all-in-one package for recruiters. Since then, they have expanded their business and have funded £2 billion in invoices in over 40 countries. Their focus has been on providing technology to deliver a strong solution to funding. They provide funding through invoice finance as well as back-office solutions to support their clients.
Sonovate Invoice Finance Options
- Up to 100% advance on invoice values
- Funding within 24 hours
- Fast and flexible finance
- Streamlined platform
- No setup fee
- Single flat fee
- Quick set up and dedicated onboarding
- Rolling contracts
- Select the invoices for funding
- Will grow with your business
- Integrates with your accounting system
- Automate financial reporting
- Bad debt protection
- Offers specialist funding solutions to recruitment, consultancies, labour marketplaces, umbrella companies, Managed Service Providers (MSP), Recruitment Processing Outsourcing (RPO)
Sonovate Invoice Finance Eligibility
Sonovate doesn’t state what their eligibility criteria is.
Sonovate Invoice Finance Rates
Sonovate doesn’t disclose its invoice finance rates.
Sonovate Invoice Finance Calculator
Sonovate doesn’t have an invoice finance calculator.
Sonovate Invoice Finance Reviews
Sonovate doesn’t feature on most of the leading customer review sites except for Trustpilot where they are rated highly with 77% of reviewers scoring them as excellent. Comments included easy to use platform, helpful and responsive staff, professional, and great customer service.
Trustpilot – 4.8/5 (based on 165 reviews)
Google Reviews – no reviews
Reviews.co.uk – no reviews
Review Centre – no reviews
Smart Money People – no reviews
How To Apply For Sonovate Invoice Finance?
If you want to apply for invoice finance from Sonovate you can complete their online form to get a callback or you can call them on 0208 049 3034.
Pros
- Offers invoice finance with wider system offerings
- Provides up to 100% of invoice values which is higher than most
- Highly rated in customer reviews
Cons
- No eligibility criteria or rates
- Caters for specialist industries only
Website: Sonovate Invoice Finance