Confidential © SONECT AG
Sonect
Outlook 2023
August 2023
Vision
Rapidly grab market share, by offering financial
services to cash users, globally.
This is
Sonect
Mission
Capture cash users and offer additional financial
products through our rails.
Achievement
Secured 320m TPV in 2023
Cash
infrastructure
is hugely
expensive
It costs a small country like
Switzerland 2.3B Swiss Franc
every year!
Cost for SNB
CHF 130 m
Cost for banking sector
CHF 900 m
Cost for retail sector
CHF 1.3 bn
Source: Future of Money by
Confidential © SONECT AG
B2B2C works - we are way past POC…
18 months
Time taken to become Switzerland’s
largest ATM network
1.5m+
Users on the platform (801,922+ Jan 23 - Aug 23)
14% CMGR
Consecutive monthly growth in transaction figures since
go-live 20 months ago
7,300+
Merchants acting as virtual ATMs and GROWING
Confidential © SONECT AG
Cash in Switzerland is
synonymous with Sonect!
So we are going global
and keep winning awards!
Fintech
Awards
We are trusted by all major
banks…
Sonects Expansion
1.5m users in Switzerland
+7300 virtual ATMs
2.5m customers of BNL in Italy
40k virtual ATMs
IFPE license
Mexico
Acquisition of PAGO, launches
mexico business with 35,000
merchants and over 350,000
customers throughout latam
Acquisition of PIPIT, adds 1.5m
merchants globally, the synergies
between the combined group offer
attractive commercial opportunities
Our product:
GLOBAL Cash-IN and OUT with a smartphone
1
Sonect Stand
Alone App
5m
Users
2
1.8m
Partner shops
Sonect Web-app
Bank STK’s & API
Our banking partners a.o.
Sonect
Shop App
1
2
Our international partners a.o.
Sonect
POS
Integration
Our Retail partners a.o.
Cash withdrawals (CH only)
YoY GTV
Growth Rate
of 200 %
Sonect Global Transactions Value (GTV)
Q1 2021 - Q2 2023
200 %YoY Growth
Q3 2023 - Q4 2024
1000 %YoY Growth
Number of active Users
Confidential © SONECT AG
Monthly Revenue Forecast
1. Renewed contract with Twint and Increased price
2. Increase in transaction in 0.50 cents per trx. without
surpassing the CHF 2 total fee.
3. Wallee contract agreed – Pilot Launched - 8,000+
merchant network
Assumptions on 9% monthly growth forecast, but
currently averaging 25%
1. Go Live Date with BNL 25 October
2, Finalised main terms with Lottomatica
3. Expected growth in Italy to significantly surpass
switzerland.
Breakeven
1. Strategic license to operate in Mexico and facilitates
entry in other LatAm markets.
2. Acquisition of Pago launches the business with 200m
of TPV, 30,000 Merchants and 350,000 Customers
3. Exceptionally strong pipeline with NuBank,
Platacard, HSBC and Santander in advanced
discussions
Why Pago 46?
Adds USD $ 300m of LTM TPV.
10x Sonect´s current processing
LTM Revenues of $3.1m (with an additional stream of revenues of $1m,
from Uber´ cash management), +10x Sonect´ LTM Revenues (without
including Uber´ cash management)
Strong and well regarded client base: Uber, Rappi, DeliveryHero,
99minutos.com
Institutional shareholding: IDB Labs, Plug and Play, Scale, Vulcano
Combined entity is cash flow neutral multiple opportunities to ‘cross ruff’
between two similar businesses
Why Pipit Global?
Bridging the gap between cash and digital economies worldwide to create a unified
& inclusive payments ecosystem for our partners, clients, and customers, and their
consumers.
Huge entry point to new markets
Asia & Africa
More than 1.5 million merchant network
Promising forecast with a YoY growth in net profit of 2000% between Year 1
and Year 2
Growth Hacks Sonect into 42 markets & connects with 250m African wallets
Makes a lot of noise and a number of potential acquirers will hear about it
Global opportunity
Big step towards becoming a Global Company, with now European and Latam
operations
Improves likelihood for a Nasdaq listing
Significant savings creates cash neutral combined entity
Raising 20m Series B to continue strategic acquisitions