As a fast growing scale up, our focus is constantly on our customers. Are we providing best in class technology? Are we offering the highest level of service? How is our platform helping them to grow their business in a highly competitive industry? As we progress on this journey, it’s good to occasionally take stock of how far we’ve come, how we engage with our ecosystem and the contribution we’re making to our market. Industry awards are an excellent opportunity to do that. This year, we’re delighted to be recognised for our contribution to both the Fintech and the Recruitment sectors.

We’re thrilled to have won the 2022 TIARA Talent Tech Star Contractor Solution of the Year Award. The judges praised Sonovate for “impressive growth across all meaningful metrics, supporting contractor payments during a very challenging time, and championing support of the growing flexible workforce”.

We are shortlisted for several other industry awards. The most recent one is being selected as a finalist amongst brilliant entrepreneurs at the Barclays Entrepreneur Awards 2022 for the Scale-up category. Other nominations include Fintech Company of the Year in the Fintech Awards Wales, Recruitment Technology Innovation of The Year in the Recruiter Awards or APSCo UK Trusted Partner of the Year. These demonstrate how incredible our journey has been to date and the significant value we bring to the market.

Our co-founder and CEO, Damon Chapple has been selected as a finalist for the Fintech Awards Wales FinTech Leader of the Year category and the team couldn’t be prouder. Our Finance team, who have put in place programmes that have helped us deliver over £2.75bn in invoice funding to thousands of businesses were finalists in the Finance Team of the year award in the Finance Awards Wales.

We are on a mission to be the funding platform for the future of work. We do this by creating a support structure that gives businesses and individuals the security and flexibility they need to thrive. ‘Get paid easily, however you choose to work’ is our mission for all businesses and individuals across the contingent labour market. As flexible workers become more important in the world economy, Sonovate is here to give them, their agencies and consultancies, the structure they need to ensure success: a fast, agile ecosystem that helps them get paid easily, so they can focus on doing a great job.

As a business which only launched in 2014, we are proud that we continue to go from strength to strength as we scale and grow. To date, we have provided over £2.75 billion of tech-driven invoice finance, plus back-office services to over 3,300 recruitment businesses, consultancies, and labour marketplaces in more than 40 countries, paying over 30,000 freelancers and contractors. Last September, we surpassed £2 billion of funding since inception. We expect to lend over £1.3 billion in invoices this year alone and another £2 billion in 2023, with further plans for growth in subsequent years.

2022 has been a busy year so far, which has seen us boost capabilities for enterprise customers through our cloud-native, API-first platform. This will strengthen Sonovate’s lending-as-a-service and embedded finance offering, allowing us to serve even more businesses and support our growing base of corporate and enterprise-size customers. We continue to grow exponentially, employing over 140 staff in Cardiff and London. We tirelessly seek investment and partnership and we work to improve and expand our tech capabilities.

In 2021, Sonovate won Fintech Company of the Year at the Fintech Wales awards, and the TIARA Deloitte Talent Tech Scale-Up award, so we are hoping to continue our winning streak into 2022! This highlights the importance of Sonovate, not only to the Welsh fintech scene but also to the recruitment industry and beyond, for the vital work we do to help businesses pay their workers on time.

The winners of the TIARA 2022 Talent Tech Star Awards were announced on 1 July and the Fintech Awards Wales winners will be revealed on 16 September. We wish the very best of luck to everyone taking part. Let’s make 2022 our most award-winning year yet!

 

The full list of awards that we were shortlisted for is: