Sonect: Funding, Investors & Team (Sep 2026)

SONECT enables every shop in the neighborhood to act as a “virtual ATM” using just a smartphone or its POS-system. It democratizes the process of cash distribution in order to reduce the “cost of cash”. SONECT is a location-based matchmaking platform that connects those who want to withdraw cash with those who want to deposit cash – typically a local shop owner. It builds a community around local businesses and helps them generate physical leads. Using SONECT: • local shops will not only have less cash to manage at the end of the day but also earn a commission & attract new customers by offering a new service and having access to an additional marketing channel • individuals can avoid an extra trip to the ATM and withdraw money without fees at the click of a button – wherever they are: in a restaurant, a bar, their favorite local shop, … • banks can reduce ATM operation costs & complement their ATM network – or even enter new markets without investing significant capital. On top of that, they can leverage a new revenue channel and get closer to their customers.

Sonect has raised $1.5M across 1 round on record. The most recent is an Equity Crowdfunding of $1.5M announced in Oct 2021.

Sonect's most recent funding round on record is an Equity Crowdfunding of $1.5M, announced in Oct 2021.

Sandipan Chakraborty is listed as CEO at Sonect.

Sonect is based in Zürich, Zurich, Switzerland.

Sonect is in the 11-50 employee band.

Sonect's latest round of $1.5M is below the $4.1M median round size for Apps companies on FundedIQ across 2,426 tracked companies over the last two years.