About Sonect
Sonect is a company based in Zurich (Switzerland) founded in 2016. Sonect has raised $13.95 million across 6 funding rounds from investors including FIS, Loomis and Italian Angels for Growth. Sonect offers products and services including Sonect App and Cash Sending Feature. Sonect operates in a competitive market with competitors including SOCASH, SPARE, PocketATM, Airbanq and Nakitex, among others.
- Headquarter Zurich, Switzerland
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Sectors
Financial Services
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Sonect Ag
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$13.95 M (USD)
in 6 rounds
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Latest Funding Round
$5.39 M (USD), Series A
Oct 19, 2021
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Investors
FIS
& 5 more
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Employee Count
Not available
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Products & Services of Sonect
Sonect offers a comprehensive portfolio of products and services, including Sonect App and Cash Sending Feature.
App for secure cash withdrawal and money transfer via partner shops
Feature to send money quickly to friends using the app
Funding Insights of Sonect
Sonect has successfully raised a total of $13.95M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $5.39 million completed in October 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Sonect
Sonect has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include FIS, Loomis and Italian Angels for Growth.
| Investor | Description | Founded Year | Domain | Location |
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A network of business angels is formed to support innovative startups.
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Startups in the FinTech sector are accelerated by Finnovista.
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University backed startup accelerator
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Investor details for Sonect
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
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- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Sonect
Investment portfolio details for Sonect
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
Financial Statements - Sonect
Detailed financials for Sonect
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
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Sonect Comparisons
Peer comparison for Sonect
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
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- Operating benchmarks
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Competitors of Sonect
Sonect operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as SOCASH, SPARE, PocketATM, Airbanq and Nakitex, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cash withdrawals are enabled through a mobile app platform.
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Cash withdrawal solutions are enabled for consumers via virtual ATMs.
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App-based cash dispensing and withdrawal solutions are provided for users.
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Offers a mobile app for cash checking and management.
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Offers an app-based platform for convenient cash withdrawals.
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Detailed competitors of Sonect
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
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- Competitive positioning
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Latest news on Sonect
Complete news archive for Sonect
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- Full article archive
- Source and publication date
- Older coverage
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Frequently Asked Questions about Sonect
Sonect was founded in 2016.
Sonect is headquartered in Zurich, Switzerland.
Sonect is a funded company, having raised a total of $13.95M across 6 funding rounds to date.
Sonect was founded in 2016 in Zurich, Switzerland, within the fintech sector. A network of partner shops and kiosks is established to facilitate cash withdrawals using mobile apps, bypassing traditional bank visits. ATM maintenance costs for banks are reduced through this system, while participating merchants receive commissions and decrease their cash handling responsibilities. Operations focus on urban accessibility across Europe.
Sonect offers Sonect App and Cash Sending Feature.
Sonect has 6 investors. Key investors include FIS, Loomis, Italian Angels for Growth, Finnovista, and Venture Kick.