S
Sonect
Connects people who possess cash with people who need cash
About Sonect
Sonect operates in the financial technology sector, providing a unique cash withdrawal service through a network of over 2,300 partner shops in Switzerland, with plans to expand throughout Europe. The company serves individuals who need to withdraw cash without the hassle and fees associated with traditional ATMs. By leveraging local businesses as cash points, Sonect offers a convenient and cost-effective solution for cash withdrawals. The business model involves charging a fee per cash withdrawal, while sending cash via Sonect remains free of charge. This fee structure allows the company to generate revenue while maintaining a competitive edge as the cheapest alternative for cash withdrawals from third-party ATMs. Sonect's clients include everyday consumers who prefer the convenience of withdrawing cash from local shops rather than hunting for a bank or ATM. The company ensures data security through PCI DSS compliant payment processors or bank-level security measures.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2016
- Headquarters
- Zurich, Switzerland
- Employees
- 19
- Open positions
- 2
- Dealroom signal
- 73.1/100
- Industry
- Fintech
- Sub-industry
- Payments
- Sector
- Fintech, Money Management, App Development, Cash Management, App, Processor, StartupLithuania, Financial Service, Potential Lithuania
- Client focus
- b2b, b2c
Latest news
Press, funding announcements and product moves mentioning Sonect.
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| LATE VC✓Equity / VC | Oct 2023 | $0 | — | SICTIC | — |
| LATE VC✓Equity / VC | Oct 2021 | $1.3M | $39M | DOORWAY | — |
Growth signals
Latest recorded traffic for Sonect is 6.7K monthly website visits, up 1325.5% over the last three months. Sonect's team declined 5% over the past year.
Similar companies
Company identity and context are open; selected comparison metrics preview what is available on the platform.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed7 investors entered at this stage
Venture Kick
VNTR
PostFinance - Corporate Venture Capital
SICTIC
PostFinance
SixThirty Ventures
Loomis
Series A2 investors entered at this stage
TechQuartier
Italian Angels for Growth
Series B and later1 investor entered at this stage
DOORWAY
Other known investors8 additional known investors
Christian Renner
Elevator Lab
Finnovista
Marc Aeschlimann
Mountain Labs AG
Plug and Play
Startupbootcamp
VentureLab
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Sonect on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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