SICPA

What SICPA does

SICPA is a privately held Swiss technology company founded in 1927 and headquartered in Prilly, Switzerland. It is best known for securing the majority of the world's banknotes through proprietary security inks and taggant technologies, including Optically Variable Inks (OVI) and covert authentication markers. The company operates across five continents with 38 offices and approximately 3,000+ staff of 84 nationalities, serving sovereign governments, central banks, tax and revenue authorities, consumer brands, and identity authorities.

SICPA's product portfolio spans four core domains: Currency Solutions (security inks for banknotes and security documents), Revenue Mobilisation & Conformity (government track-and-trace systems for excise duty collection such as the UK HMRC vaping duty stamps contract), Product & Brand Protection (security labels, packaging solutions, and authentication), and Identity & Compliance, which includes the OLOMEE decentralized digital identity platform supporting W3C, SD-JWT, and ISO 18013-5 standards. Underpinning these is the Digital Sovereignty Platform, a modular architecture unifying physical and digital systems for governments. Core proprietary technology rests on chemically engineered security inks and taggants validated through an ISO/IEC 17025-accredited testing laboratory.

SICPA generates revenue through a mix of one-time licenses for security inks and solutions, managed services for revenue mobilization contracts, and subscription/recurring revenue for brand protection and digital identity solutions. Go-to-market is exclusively enterprise field sales targeting governments and regulated industries through long procurement cycles. Notable customers include HMRC (UK), the Federal Government of Nigeria (PATS system), and central banks globally. Pricing is not publicly disclosed. The company is led by Philippe Amon as Chairman and CEO, with Maurice Amon as founder.

Name

SICPA

Legal name

SICPA HOLDING SA

Website

https://sicpa.com

Company type

Private

Founded year

1927

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

SICPA is a Swiss private technology company founded in 1927 that secures the majority of the world's banknotes through proprietary security inks, taggants, and integrated track-and-trace and digital identity solutions. It serves governments, central banks, tax authorities, and consumer brands globally across 38 offices.

Ownership category

akta.pro rank

Product category

Security Inks & Authentication Solutions

NAICS

Printing Ink Manufacturing (32591)

SIC

Communications Equipment, Nec (3669)

akta.pro primary industry

Authentication (MFA/Passwordless/Biometrics) Platforms (BPAMAEAE)

akta.pro secondary industry

Multi-Factor Authentication (MFA) & Passwordless Authentication (HDAEAJAC)

Keywords

• Security inks
• Tax stamp solutions
• Brand protection
• Digital identity
• Track and trace

Headquarters

HQ city

Prilly

HQ country

Switzerland

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Technology or R&D, Supply Chain, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Security Inks and Solutions: Sale of proprietary security inks, taggants, and authentication solutions for currency, security documents, and brand protection applications
2. Revenue Mobilization Solutions: Government track-and-trace systems for excise duty collection and market compliance, including vape duty stamps and pharmaceutical serialization
3. Product and Brand Protection: Authenticated security solutions for brands including security labels, packaging solutions, and product authentication
4. Digital Identity Solutions: Decentralized identity platform providing issuance, verification, and management of digital credentials for governments and organizations

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

SICPA develops and supplies security inks, security features, and integrated track-and-trace solutions for currencies, tax stamps, and consumer goods. Its portfolio includes security inks and labels for banknotes, tax/excise stamp programmes for revenue authorities, product authentication solutions for brand owners, the Digital Sovereignty Platform for national digital identity infrastructure, and the OLOMEE digital identity solution for governments.

Product overview

SICPA offers an integrated platform of security solutions spanning physical and digital domains. The core portfolio includes Currency Solutions (security inks for banknotes and security documents), Revenue Mobilisation & Conformity (government revenue collection and traceability), Product & Brand Protection (security labels, packaging solutions, product security), and Identity & Compliance (digital identity solutions). Under the Identity & Compliance umbrella, OLOMEE provides a decentralized digital identity solution for credential generation, issuance, and verification. The Digital Sovereignty Platform unifies physical and digital systems for government control. Security Inks form the foundational technology underpinning multiple product lines. The offering operates as a unified platform with modular solutions addressing currency, revenue, brand protection, and identity needs.

Differentiator

Problem solved

Functional benefit

Brands

• SICPA Digital Identity: SICPA's digital identity solution enabling governments and organizations to create and deploy trust-based digital ecosystems while preserving sovereignty and data privacy.
• OLOMEE

Products and services

• Currency Solutions Provides security inks, OVI and other certified security features, substrates and components for central banks and state security printers producing banknotes and secure documents.
• Revenue Mobilisation & Conformity Integrated tax-stamp, excise-stamp, and digital track-and-trace programmes using Molecular Tracer taggants and secure marking to help national tax, customs, and excise authorities assure revenue collection and combat illicit trade.
• Product & Brand Protection
• Digital Sovereignty Platform
• OLOMEE Digital Identity Solution
• Security Inks Proprietary security inks including Optically Variable Ink and other certified colour-shifting and authentication inks supplied to central banks, security printers, tax authorities and brand owners.

Named customers4 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered minor and core.

• Government of KyrgyzstanminorStrategic or Co-development Partner · 26 March 2026Kyrgyzstan President Sadyr Japarov met with Philippe Amon, Chairman and CEO of SICPA SA, to discuss joint projects and potential for innovative solutions in the country.
• Cartor Security PrinterscoreStrategic or Co-development Partner · 23 February 2026SICPA partnered with Cartor Security Printers (a subsidiary of Spectra Systems Corporation) to deliver duty stamps and track-and-trace solutions for the UK vaping duty stamps program to HMRC. The consortium will provide banknote-grade security features combined with digital systems to support excise duty collection and combat illicit vape trade. Implementation will begin with transitional duty stamps from April 2026 and full track-and-trace from October 2026.
• EPFL Innovation Park, Trust Valley, Canton de VaudminorStrategic or Co-development Partner · 20 November 2025SICPA is a partner in the Trust Village Incubator program in Switzerland, a six-month initiative powered by EPFL Innovation Park, Trust Valley, SICPA, and Canton de Vaud. The program supports Trust Stamp's privacy-preserving identity technology and European go-to-market strategy, with alignment to European digital trust frameworks including eIDAS 2.0.
• ZoomInfo Technologies LLCminorOthersSICPA uses ZoomInfo as a third-party business intelligence provider to collect professional and business-related information about website visitors, including information related to professional capacity, to support B2B marketing and sales activities.

Scale indicators6 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• De La Rue: UK-based global security printer and producer of banknotes, tax stamps, and authentication solutions. Most direct competitor in currency security inks, tax stamps, and identity documents — overlapping SICPA across nearly every product line.
• Giesecke+Devrient (G+D): German family-owned security tech firm offering banknote substrates, security features, digital identity (Veridos JV), and payment solutions. Closest like-for-like competitor in the integrated currency + identity platform play.
• IDEMIA: France-based leader in secure identity, biometric authentication, and government credentialing. Directly competes with SICPA's OLOMEE digital identity offering and security document issuance for governments.
• Crane NXT: US-listed provider of currency processing, authentication, and brand protection solutions (parent of Crane Currency). Directly competes with SICPA in security features for banknotes and brand-protection micro-optics.
• Oberthur Fiduciaire: France-based security printer specializing in banknotes, identity documents, and tax stamps. Direct competitor in the same European security-printing market as SICPA.
• Veridos: Joint venture of G+D and Bundesdruckerei providing government-issued identity documents and digital ID solutions. Directly comparable to OLOMEE and SICPA's identity & compliance line for sovereign customers.
• KBA-Notasys: Koenig & Bauer subsidiary specializing in banknote and security printing systems and inks. Direct competitor in the manufacturing equipment and security inks portion of SICPA's currency business.

Broad incumbents

• Thales Group (Gemalto): Global technology incumbent with a Digital Identity & Security segment (inheriting Gemalto) covering government IDs, biometrics, and authentication. Broad incumbent in SICPA's identity and authentication space with deeper balance sheet and broader portfolio.
• HID Global (Assa Abloy): US-based identity and authentication solutions provider within Assa Abloy, offering secure card issuance, RFID/NFC authentication tokens, and identity management. Overlaps with SICPA's taggant/authentication and digital identity offerings at the component level.

Emerging players

• Au10tix: Israel-based identity verification and authentication platform for enterprises and governments. Emerging competitor in the digital identity verification layer that overlaps with OLOMEE's use cases.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/sicpaofficial
• YouTubeyoutube.com/c/Sicpa_Holding
• LinkedInlinkedin.com/company/sicpa
• Facebookfacebook.com/sicpa

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments7 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SICPA