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Switzerland
ส.ค. 2016 (9 Years)
Last online: No recent activity
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This company is currently Unproved.
Please be cautious of the potential risks!
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Get to know Sonect
Company Information
Get to know Sonect
Founded in Zurich in 2016, Sonect is a financial technology company that built a platform for location-based cash access. Its service allows users to withdraw cash from participating retail locations using a smartphone app, effectively turning any shop into a "virtual ATM." Sonect's mission is to make cash more accessible and significantly reduce the high costs associated with cash distribution for banks and retailers. In January 2022, Sonect was acquired by the US-based payment processing company 360 Payments to expand its service offerings.
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