Over two million contractor’s work throughout the UK on a daily basis. Recruitment agencies provide a valuable link between the skilled professional and the end client. However, the odds are stacked against the recruitment agencies. Finding funds to pay a contractor before receiving payment from the end client places massive strain on cash flow. Not to mention the amount of paperwork and phone calls to make sure payments are made and invoices are paid.
Two recruiters frustrated with this situation decided to leave their jobs and start Sonovate. With the sole purpose of not just solving the problem for recruitment agencies but creating a new way to work, our co-founders and CEOs Richard Prime and Damon Chapple drew up some ground-rules for Sonovate:
Today, the combination of stripped back finance, beautifully usable tech and amazing customer service makes Sonovate the fastest growing provider of finance to recruitment agencies in the UK. From our bases in Cardiff and London, we work with over 1,000 active clients and pay thousands of contractors weekly.
We’re proud to play our part in creating better solutions for SMEs and contractors, and we’re just getting started.