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

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Update by Sonovate
Commercial Finance Broker, Invoice Finance Provider

2022/07/27

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

Sonovate, the leading provider of embedded finance and payment solutions for the contingent workforce, announced at the start of July that it has completed a new securitisation deal with BNP Paribas and M&G Investments, adding £165 million to its funding structure. The deal is an endorsement of Sonovate’s position as a fintech industry leader and reinforces its high-growth trajectory, enabling it to lend over £1.3 billion in invoices this year alone. The company is projected to fund another £2 billion in 2023, with further plans for growth in subsequent years.

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