Less exposure
Non-recourse as standard, backed by credit cover on your clients.
Texas, by invitation
Request an invitation.
From January, we're funding a select group of established Texas staffing firms.
Fund payroll through factoring, on a platform built for staffing.
Request your invitation
Tell us about your firm. We review every request.
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Thank you
Thank you. We review every request personally, and we'll be in touch about your invitation.
Track record
2011
Funding staffing firms since
Funded globally
$11bn+
Funded for staffing and recruitment firms worldwide
Backed by
DZ Bank and M&G Investments
Why staffing firms switch
Less exposure. Less admin. Room to grow.
Your clients pay in 60 days. You pay your people Friday. Factoring bridges the gap, on a platform built for staffing.
Less admin
Connect your accounting software. No manual uploads, and we handle collections.
Room to grow
No concentration limits on any one client, so a big win doesn't count against you.
What happens next
Three steps to January
1
Tell us about your firm
The short form above. No documents yet.
2
Talk to a specialist
Twenty minutes on your setup, your clients and your options.
3
Get set for January
If it's a fit, we line up your facility, and plan any switch around your notice period.
Common questions
Straight answers
Who is Sonovate, and who backs you?
Sonovate has funded staffing and recruitment firms since 2011. We started in the UK, founded by Richard Prime and Damon Chapple, and we're backed by DZ Bank and M&G Investments. From January, we're working with staffing firms in Texas.
How does factoring work for a staffing firm?
You sell your client invoices to us and get the cash upfront, so you can make payroll on Friday without waiting 30, 60 or 90 days for your client to pay. We collect from your client when the invoice is due. You still run your payroll and pay your people. We fund the invoice, not the payroll.
Will my clients know?
Because we handle collections, your clients will know you work with Sonovate. We'll walk you through exactly what they see, and how we talk to them, on your call.
I already factor. Can I switch, and when?
Yes. We'll look at your current agreement with you and plan the switch around your notice period, so you move on your timeline.
Is this only for Texas staffing firms?
For now, yes. From January we're starting with established staffing firms in Texas.
What happens after I fill in the form?
A staffing funding specialist will be in touch to set up a 20-minute call on your setup, your clients and your options. No documents needed at this stage. If it's a fit, we line up your facility for January.
For Texas staffing firms
Request an invitation
Request an invitation.
From January, we're funding a select group of established Texas staffing firms.