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.

Founded in

Switzerland