Sonect is a location based matchmaking platform connecting those who want to withdraw cash, with those who want to deposit it.

Sonect is a Swiss company that converts every shop into a “virtual ATM”. This reduces cost of cash distribution for banks and eases up in store cash management for merchants via a location-based on-demand service. Users of the platform can withdraw cash from any of the participating shops using a smartphone. Sonect builds a community around local businesses and helps them generate physical leads while banks save up to 50% in running their ATM operations and optimize their presence. Sonect also helps banks expand their services into new regions and increase financial inclusion without any significant capital investment.

Target Customers

Financial Institutions

Current Customers


Industry Verticals

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Company Overview

  • Sandipan Chakraborty,
  • Founder and CEO

Zürich, Zurich, Switzerland


Aug 2016

No. of Employees

7 per Crunchbase

Current Money Raised

US$ 8.5M Series A via Crunchbase

Contact Information

Last updated on September 16th, 2020