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Four in ten (40%) UK small and medium-sized businesses (SMEs) claim its easier for them to access finance from fintech lenders rather than mainstream banks, according to new research from Sonovate, an alternative finance and payment solutions provider.

Four in ten SMEs prefer fintech lenders over mainstream banks when seeking business finance

40% of UK SMEs claim it's easier for them to access finance from fintech lenders rather than mainstream banks, according to new research

Sonovate, the leading provider of finance and payment solutions for the contingent workforce, has announced a significant increase in its securitisation to £240 million from the £165 million announced last year. This latest development comes with the strategic addition of Lloyds Bank to its group of finance providers.

Sonovate increases securitisation to £240M, bolstering its lending capabilities and international reach

Sonovate increases securitisation to £240M. Sonovate has announced a significant increase in its securitisation to £240 million from the £165 million announced last year. This latest development comes with the strategic addition of Lloyds Bank to its group of finance providers.

Business lender Sonovate secures Xero certification in latest boost to reporting and reconciliation capabilities

Business lender Sonovate secures Xero certification, recognising its strong technology integration capabilities.

Small consultancies need more specialists but only 15% are planning to hire

85% of small UK consultancies need to hire more specialists but only 15% are planning to recruit

UK consultancies need more specialists but only 15% are planning to hire. The vast majority of the UK’s SME consultancies need to hire

Four in ten UK SMEs take over 90 days to pay their contract staff

Four in ten UK SMEs take over 90 days to pay their contract staff according to new research from leading funder Sonovate

Two-thirds more SMEs experiencing difficulty in accessing finance from mainstream lenders

Press release: 65% more businesses are experiencing difficulty in accessing finance from high-street banks than they were in 2022

Sonovate adds new tech capabilities, introducing automation tools to help recruitment businesses boost operations

Sonovate introduces new automation tools to help recruitment businesses boost operations and access industry leading invoice funding solutions

Sonovate expands internationally with new funding hub in the Netherlands to support the country’s buoyant recruitment industry

Small and medium-sized consultancies say offering specialist consulting services can stymy growth, but remains key to long-term success

Consultancies say that offering a specialist service can hinder short-term growth, but remains crucial to long-term competitive advantage.

Sonovate, the leading provider of embedded finance and payment solutions for the contingent workforce has significantly enhanced its funding technology platform to enable it to better serve large, multinational recruitment businesses and launch new lines of products in the future as it continues to grow and expand its customer base.

Sonovate launches new platform to significantly enhance its offering for large, multinational recruitment organisations

Sonovate partners with Deel to help organisations to grow internationally

Sonovate partners with Deel to fund international expansion of organisations across the globe

Embedded finance provider, Sonovate, has partnered with global HR platform, Deel, to support customers with on-demand, scalable funding

Press release: Do Londoners get the best job perks? Half of firms in capital consider offering unlimited holiday allowance

Press Release: Flexible London – London firms almost twice as likely to see permanent staff request move to contract roles

Flexible London: London firms almost twice as likely to see permanent staff request move to contract roles

Press Release: Millennial business leaders more likely to embrace flexible working than Baby Boomer counterparts

A company’s approach to creating a flexible work culture can depend on its leaders with younger business leaders more likely to receive flexible working requests,

Press release: Business lender Sonovate surpasses £3.5bn in funding to support customers during ‘cost of running a business’ crisis

Business lender Sonovate surpasses £3.5bn in funding and £1 billion in annual funding for the first time as rising costs force businesses to seek finance to manage cashflow and drive growth

Press release: Businesses know workers want flexibility – but many are still slow on the uptake

Businesses know workers want flexibility – but many are still slow on the uptake. Workers are increasingly demanding autonomy and flexibility, but employers are slow to acquiesce.

Press Release: The rising cost of running a business forces more companies to think flexibly

Press Release: Rising costs are forcing companies to think flexibly. 67% of UK businesses believe offering flexibility is crucial

Press release: Workers see flexibility as key to battling cost of living crisis

Workers see flexibility as key to battling the cost of living crisis: Data reveals that almost half of workers think freelancing will help

Press release: SMEs see opportunity to use fintech to reduce expenditures and add capabilities

SMEs see opportunity to use fintech to reduce expenditures and add capabilities as cost of living pressure intensifies

Press Release: Banks won’t lend to us, say more than a quarter of UK’s businesses

Research shows that more than a quarter of businesses surveyed have had difficulty accessing finance from main banks.

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Press Release: Sonovate announces new partnership with Demica as it continues to redefine embedded finance for the contingent workforce

Press Release: Over a quarter of contractors and freelancers wait longer to get paid as businesses struggle with cashflow

Contract work may be on the rise, but contingent workers are still having to wait longer to get paid.

Sonovate announces £165 million securitisation with BNP Paribas and M&G Investments

Sonovate announces £165 million securitisation with BNP Paribas and M&G Investments, confirming its position as a fintech leader.

Press release: Sonovate boosts technology

Sonovate boosts technology to provide enterprise size recruitment firms, consultancies and labour marketplaces with more capabilities

Sonovate press release: Record-breaking month for Sonovate

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