UK FinTech Sonovate raises £110m >> Exclusive quote on Talent Ticker

Published by Niomi Cowling on

Talent Ticker have an exclusive quote from UK FinTech Sonovate, who have recently raised £110m.

We love hearing about all companies receiving funding, as funding usually means growth, and growth provides opportunity for staffing and recruitment.

Sonovate, a recruitment specific finance and back-office tech provider, appears on market intelligence platform Talent Ticker.  Sonovate has raised £110m in debt and equity finance to support its growth. Talent Ticker has rated this opportunity as 93 out of 100, making this one of the biggest UK opportunities so far this month.

[bctt tweet=”Sonovate has raised £110m in debt and equity finance to support its growth. ” username=”Talent_Ticker”]

Talent Ticker says : “The London and Cardiff-based firm aims to use this capital to fund its product development and expansion into markets such as the USA, Germany and the Netherlands. Hiring is expected to achieve this goal.” Read more and identify key contacts on Talent Ticker.

Check out Sonovate’s profile on Talent Ticker to view funding rounds, vacancy openings, social profiles and more.

Sonovate’s Chris Pollard, gave us an exclusive quote:

“As the largest staffing market in Europe, the UK recruitment industry is going from strength-to-strength.  At the turn of the year, data from Companies House revealed 8,488 agencies registered in 2018, a 46% increase on 2017. Historically low unemployment rates, rising wages and ongoing Brexit uncertainty is compounding the talent shortage and creating opportunity for recruitment businesses to thrive.

Our latest financing round is driven by our capital requirements and represents another important step in our journey. The finance will enable us to increase our UK and international funding lines for up to £50m turnover recruitment businesses, consultancies and on-demand platforms.

We’re totally committed to building a game-changing platform for recruitment agencies in the UK and very soon will be able to bring to life US, German & Dutch solutions as well as perm funding, instant pay, profit release and IR35/Statement of Work.”

Read more on this on Sonovate.
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