Our Mission
At Sonic Wallet, our mission is to create a financial system that promotes prosperity for all. We believe that everyone should have access to affordable and secure financial services, regardless of their income or location. Our goal is to empower individuals to take control of their financial future and to create a more inclusive global economy.
Meet our Founder
Rituraj Yadav
Founder & CEO
Ritu Raj is founder of Sonic Wallet! He has an undergrad in Computer Science and a Master of Business Administration (MBA) from Columbia University, New York. He started his career building large-scale distributed cloud systems at Microsoft Azure and got intrigued into working on blockchain. After Microsoft, He worked as Senior Engineer at Zenefits where he built Zenefits Payroll and Zenefits International Contractor Payments - the systems process billions of dollars in transactions. Later, he joined WhatsApp (owned by Meta/Facebook) where he worked on building WhatsApp Payments that provided financial services to hundreds of million people across the globe.
Our Journey
Ideation at Columbia Business School, New York
Rituraj, who has experience in finance and internships during his MBA, noticed that ultra wealthy individuals received much better financial services and terms compared to others. This led him to consider how he could democratize these same high-quality financial services for everyone. In pursuit of this goal, Rituraj was accepted into the Columbia Business School Greenhouse program, a highly selective program at Columbia Business School, where he worked on a blueprint for this idea with the guidance of professors Dave Lerner and Brendan Burns.
He is an Adjunct Professor of Entrepreneurship at Columbia Business School. Business Insider named him both one of the “top 100 most influential New Yorkers in the digital business community” and “one of NYC’s top 100 early stage investors.
Burns is a senior lecturer at Columbia Business School & lead professor for the innovative Entrepreneurial Greenhouse Program. Prior companies (graduate teams) are responsible for launching notable companies such as Happy Family, Olapic, Betterment, Flexport, FSAStore and many others.
Early Product
Our beta product on ProductHunt was a success, and it was voted number 4! The feedback we received from the ProductHunt community was invaluable and we incorporated many of the suggestions and ideas that were shared.
#4 Product of the day
Sonic Wallet ranked 4th Product of the day for July 9, 2022 with 144 up votes and 23 comments.
July 9, 2022
First Round of Funding
We successfully raised our first round of funding! We are thrilled to be working with the following group of visionary, world-class investors who share our passion for Sonic Wallet and believe in our mission.
Orion Parrott
General partner
Orange Fund is a fund created by the founders of companies in Y Combinator, a technology startup accelerator, which aims to support the development of the future financial ecosystem by providing resources to Y Combinator founders. Some of the successful companies that have been launched through Y Combinator include Airbnb, Coinbase, DoorDash, Dropbox, Instacart, Quora, Reddit, Stripe, RazorPay, Groww, Meesho, and Open Sea.
Edward Lando
General partner
Pareto Holdings is an early-stage investment vehicle created by Jon Oringer (Founder of Shutterstock) and Edward Lando (Founder of Misfits Market). They are often the first to back exceptional entrepreneurs.
James West
General partner
Globe ventures is an early stage Venture Capital firm that aims to invest in the most disruptive crypto and blockchain projects of the Web 3.0 era.
LincoIn Gomes
General partner
MH Ventures is a boutique full service early stage Venture Capital firm investing in disruptive technologies of the future.
MSB License
Sonic Wallet got the license of a Money Services Business (MSB) from the US Financial Crimes Enforcement Network (FinCEN).
Launch in App Store.
After months of testing, we launched our app on iPhones to make finance more optimized and accessible.
Our Team
Our team is composed of experienced professionals who have a track record of building top financial products at highly reputable companies such as Coinbase, TransferWise, Chase, Cash App. We have a deep understanding of the financial industry and a proven ability to develop innovative solutions that meet the needs of their users. Whether working on payment processing systems, investment platforms, or other financial technologies, our team has the skills and expertise to deliver top-quality products that drive business success. With our strong track record and industry knowledge, we are well-equipped to tackle any challenge in the financial sector.
Location
Our main office in Palo Alto, California, US. We have a team of remote employees, working across the globe to cover 24x7 product development, support and uptime.
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