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.
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Zürich, Zurich, Switzerland
No. of Employees
7 per Crunchbase
Current Money Raised
US$ 8.5M Series A via Crunchbase
Last updated on September 16th, 2020