SONECT is a location based matchmaking platform that connects those whowant to withdraw cash with those who want to deposit cash – typically, a localshop owner. We do this by converting every shop into a “virtual” ATM – as a virtualATM any shop can pay out cash to their customers via our app solution.SONECT is the largest cash withdrawal network in Switzerland and will expand toEurope in Q1 2020. Our solution democratises the process of cash distribution sothat a significant portion of the value chain can be eliminated in order to make theprocess faster, cheaper and safer, by using “Sharing Economy” just like UBER forTaxis, or AirBnB to Hotels, SONECT is for ATMs.
SONECT for users
Individuals can avoid an extra trip to the ATM and withdraw money at the click of a button wherever they are
Users can safe money by withdrawing for free, using the SONECT App
SONECT for shops
Shops not only have less cash to manage at the end of day, but also earn a commission for performing the service
Earning a commission is a huge advantage for shops that normally pay to offer CashBack
We are building a community around local businesses and help shops promote their special offers and get new clients through our App
SONECT for banks
Banks can avoid procuring and renting ATM spaces, reduce maintenance and avoid regular cash replenishment of their ATMs
Banks are able to offer an additional service to their customers who otherwise would pay for ATM withdrawals
We expand the existing ATM network of Banks with our Shops, especially in small villages, where it is too expensive to operate an ATM
From a business model perspective, SONECT is a B2B2C business. We sell ourplatform and service to banks who otherwise pay for hefty ATM interchange fees.
SONECT at the Swiss Fintech Fair 2019
Founded in late 2016 in Zurich, SONECT is one of the top fintech start-ups inSwitzerland. After a successful launch, SONECT is now gearing up to expand inmultiple EU markets including Germany. For us the Swiss Fintech Fair is a greatplatform to share our vision and to deepen and expand our network.
Visit the SONECT booth
Since SONECT's foundation we have become one of the leading Fintechcompanies, have built the largest virtual ATM network in Switzerland and havealready won several prizes. Visit us at our booth and let us introduce you to theworld of SONECT and experience a new way of withdrawing cash.
Get free Coffee at our booth!