When was Sonect founded?

Sonect was founded in 2016 and raised its 1st funding round within a year of its incorporation.

Where is Sonect located?

Sonect is headquartered in Zurich, Switzerland.

Who is the current CEO of Sonect?

Sandipan Chakraborty of Sonect.

How many employees does Sonect have?

As of Apr 30, 2026, the latest employee count at Sonect is 19.

Is Sonect a funded company?

Sonect is a funded company, having raised a total of $13.9M across 6 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on 2016.

When was the latest funding round of Sonect?

Sonect's latest funding was a $***** Series A round on Oct 19, 2021, with participation from 1 investor.

Where does Sonect rank among its competitors?

Sonect ranks 42nd amongst 566 active competitors, of which 37 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was PayNearby, which secured $2.31M in Feb, 2025.

Who are the top competitors of Sonect?

Sonect's top competitors include Paga, Baobab and Pay Point India. Among them, PayNearby secured the most recent funding round in February, 2025.

Sonect - 2026 Company Profile, Team, Funding & Competitors

Company Details

Provider of platform enabling cash withdrawals, deposits, and transfers at retail. The platform allows users to withdraw cash at retail stores without using ATMs. It also allows depositing physical cash into digital accounts at participating retail locations. The platform provides an application programming interface for cash disbursement to users across retail locations.

Website: sonect.net
Social
Phone Number: +41 **********

Key Metrics

Founded Year

2016

Location

Zurich, Switzerland

Stage

Series A

Total Funding

$13.9M in 6 rounds

Latest Funding Round

Series A, Oct 19, 2021, $*****

Investors

Italian Angels for Growth & 13 more

Ranked

42^nd among 566 active competitors

Employee Count

19 as on Apr 30, 2026

Similar Companies

Paga & 824 more

View Sonect's full profile

Sonect has raised a total funding of $13.9M over 6 rounds. Its first funding round was on 2016. Its latest funding round was a Series A round on Oct 19, 2021 for $*****. 1 investor participated in its latest round. Sonect has 14 institutional investors.

Here is the list of recent funding rounds of Sonect:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 19, 2021	4947344	Series A	2815364	8905055	2284526	3935555
Dec 05, 2019	1110730	Series A	1981466	7069834	8505072	6869359
Feb 01, 2019	2105158	Seed	6687748	1470181	5173616	Finnovista

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View details of Sonect's funding rounds and investors

The founders of Sonect are Arindam Bajpayee, Sebastian Burgel and Sandipan Chakraborty.

Here are the details of Sonect's key team members:

Arindam Bajpayee: Co-Founder of Sonect.
Sebastian Burgel: Former Co-Founder of Sonect and founder of 1 other company.
Sandipan Chakraborty: Co-Founder & CEO of Sonect.

View details of Sonect's Founder profiles and Board Members

Sonect's employee count trend

Sonect has 19 employees as of Apr 26. Here is Sonect's employee count trend over the years:

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Top competitors of Sonect include Paga, Baobab and Pay Point India. Here is the list of Top 10 competitors of Sonect, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Paga 2009, Lagos (Nigeria), Series B	Agent based payment solutions for consumers and businesses	$35M	Adlevo Capital, Capricorn & 17 others	73/100
2nd	Baobab 2001, Paris (France), Acquired	Financial services company offering tailored solutions for financially underserved entrepreneurs and SMEs	$16.7M	Apis Partners, Impact Fund Denmark & 10 others	72/100
3rd	Pay Point India 2007, Mumbai (India), Seed	Provider of digital financial services and retail solutions via agent network	$8.01M	Prime Capital Market, Yantra Esolarindia ... & 20 others	68/100
4th	Spice Money 2000, Noida (India), Series B	Digital payment and banking service provider in rural areas	$15.4M	Sood Infomatics, Lehman Brothers Opportunity ... & 56 others	67/100
5th	Nagad 2018, Dhaka (Bangladesh), Funding Raised	Provider of a platform facilitating digital financial transactions and account management	-	Inclusive Fintech 50	59/100
6th	RNFI Services 2015, Delhi (India), Public	Digital payment solution provider	-	-	59/100
7th	PayNearby 2016, Mumbai (India), Seed	Digital platform providing range of payment and digital banking services	$4.55M	Roha, Silk Bridge Partners & 9 others	59/100
8th	Barzahlen 2011, Berlin (Germany), Acquired	Network of retail partners enabling cash deposits and withdrawals via barcode	-	ALSTIN Capital, Berlin Technologie Holding ... & 7 others	58/100
9th	Ordo 2018, London (United Kingdom), Acquired	Encrypted messaging and payment service	$11.3M	Nationwide, NBS Ventures & 15 others	58/100
10th	TADL 2020, Dhaka (Bangladesh), Unfunded	Agent based payment solution	-	-	57/100
42nd	Sonect 2016, Zurich (Switzerland), Series A	Provider of platform enabling cash withdrawals, deposits, and transfers at retail	$13.9M	SixThirty, Swiss ICT Investor Club & 12 others	43/100