We are pleased to announce that Sonovate has secured a new £210 million, three-year funding facility supported by DZ BANK, Germany’s second largest bank, alongside the continued backing of M&G.

This long-term facility strengthens our capital base and provides significant capacity to support staffing businesses as they scale across markets, sectors and currencies.

But more importantly, here is what it means for our customers.

Long-Term Stability and Confidence

Growth requires certainty.

A three-year committed facility provides long-term capital stability, ensuring that our customers can plan, expand and invest with confidence. In a market where funding consistency matters as much as speed, this reinforces our ability to support ambitious growth strategies without disruption.

Long-term committed facilities of this scale give our customers confidence that the infrastructure behind them is stable and built for the long term.

Increased Capacity to Support Expansion

The £210 million facility provides substantial initial capacity, with flexibility to grow further as required.

For our customers this means greater headroom as invoice volumes increase, continued support for larger client contracts, confidence when entering new sectors, and the ability to scale without needing to change funding partner.

As staffing businesses expand, funding should not become a constraint. This facility ensures we can continue growing alongside our customers.

Supporting International Growth

The contingent workforce is increasingly global. Many staffing businesses are operating across borders, managing multi-currency payrolls and servicing international clients.

With funding now available in nine currencies and an expanding securitisation platform, this facility further strengthens our ability to support customers as they grow internationally.

Global ambition requires global financial infrastructure. This facility reinforces that foundation.

Strengthening the Infrastructure Behind Our Platform

Over the past few years, Sonovate has evolved into an intelligent financial infrastructure platform serving the global contingent workforce.

Our focus has been on bringing customers onto one unified technology stack, enhancing security and risk management, expanding funding pools through securitisation, and releasing new value-add features that improve operational efficiency for our customers.

Long-term capital certainty underpins this strategy. It enables us to invest confidently in automation, platform development and smarter financial solutions that create competitive advantage for our customers.

Funding is not just capital. It is infrastructure.

Built for the Next Phase of Growth

We are grateful to DZ BANK for their partnership and to M&G for their continued support as we enter this next phase.

The future of work is evolving rapidly. Staffing businesses need financial partners who can match their ambition, support international expansion and provide dependable capital at scale.

This new facility ensures that we remain well positioned to do exactly that.

We are proud to be building long-term financial infrastructure for the future of work.