Company Information

Get to know Sonovate

Founded in 2013, Sonovate is a FinTech company that has developed a platform to finance the future of work. It provides on-demand invoice financing and back-office technology to businesses that engage contractors and freelancers. The company's mission is to help these businesses unlock working capital, manage contractor placements, and scale more efficiently by bridging the gap between when contractors need to be paid and when the end-clients pay their invoices. Sonovate serves recruitment businesses and consultancies globally, embedding its finance and payment solutions to ensure contractors are paid on time.

Industry

Financial FundraisingPRIMARY
Financial Other Service

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Sonovate

United Kingdom

Founded in

2014 (12 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

Security Information :

FSCA

FSC

ASIC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.