Company Performance Metrics
Ivan Yanakiev: PRODUCT LEAD GLOBAL
SONECT enables every shop in the neighborhood to act as a “virtual ATM” using just a smartphone or its POS-system. It democratizes the process of cash distribution in order to reduce the “cost of cash”.
SONECT is a location-based matchmaking platform that connects those who want to withdraw cash with those who want to deposit cash – typically a
local shop owner. It builds a community around local businesses and helps them generate physical leads.
Using SONECT:
• local shops will not only have less cash to manage at the end of the day but also earn a commission & attract new customers by offering a new service and having access to an additional marketing channel
• individuals can avoid an extra trip to the ATM and withdraw money without fees at the click of a button – wherever they are: in a restaurant, a bar, their favorite local shop, …
• banks can reduce ATM operation costs & complement their ATM network – or even enter new markets without investing significant capital. On top of that, they can leverage a new revenue channel and get closer to their customers.
