Sonovate shifts focus to embedded finance, targeting £3 billion in lending

Sonovate, a fintech lender that provides invoice financing to recruitment firms since 2014, announced it is aligning its business to support the embedded finance market. Additionally, reports state that Sonovate has been working on a new cloud-native API-first lending platform after expanding its technical team from 20 to 60 across its London and Cardiff offices. It is said the new platform will enable ad hoc-based finance to support more enterprise-level organizations.