Sonect Stock

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

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About Sonect Stock

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.

Funding History

November 2016$100K
February 2017$400K
October 2019$8.4M
June 2021$1.3M
June 2021$5.0M
October 2021$5.0M

Management

Founder and CEO

Sandipan Chakraborty

Co-Founder & CTO

Arindam Bajpayee

CFO & Head of Operations

Patrick J. Kamm

Head of Marketing

Steivan Pitsch

Head of Legal & Compliance

Dominik Bucher

Board of Directors

Patrick Barnert

Head of Business Development

Maik Schawalder

Press

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