Swiss company that converts every shop into a “virtual ATM”

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.

Date of investment June, 2021

Offices Zürich, Switzerland


Founding team

Arindam Bajpayee
Co-Founder - CTO at SONECT

Sandipan Chakraborty
Founder & CEO SONECT