Who we are
Sonovate is the global financing platform for the Future of Work.
It offers finance and technology services to recruitment businesses, consultancies and labour market places that engage contractors and freelancers across the world. Its platform delivers invoice financing solutions to free up cashflow and simplify financial processes. It also helps take the hassle out of managing contractors’ appointments, assignments and payments. Sonovate enables its customers to get back to growing their businesses, confident that funding is in place to meet payment deadlines.
Since it began funding organisations in 2014, Sonovate has lent over £2.5 billion to more than 3,500 businesses in 40 countries to ensure over 30,000 people are paid in full and on time for the services they provide.
Find out more on the Sonovate website.
What we offer
REC members who come into contact with Sonovate via the REC website or an REC driven activity will be eligible to £20k of free funding in British Pound Sterling and use of a Sonovate invoice finance facility.
- The eligible firm will not be charged fees via a nil service charge cost on the first 20k of funding provided (so technically up to 20k of placements funded for free).
- The firm would have 90 days to fund a placement(s) from the date of the offer acceptance.
- This offer applies to firms who are new to Sonovate (i.e. are not or who have not funded in the past 12 months). It excludes permanent placements.
- After fee free period standard rates will apply as per the formal facilities agreed