Greenwald Industries

What Greenwald Industries does

Greenwald Industries (legally Laundry Wallet, LLC, Connecticut) is a U.S.-based payment solutions provider for the commercial laundry industry, founded in 1954 and headquartered in Chester, Connecticut. The company designs and manufactures a portfolio of payment hardware and software — including coin chutes and drops (featuring a patented V-notch sizing system), smart card readers with contact and contactless options, self-serve cash and credit kiosks (EMV/PCI compliant), the Greenwald Pay consumer mobile app (iOS/Android), and the Greenwald Management System (GMS), a web-based back-office platform for machine configuration, pricing, and revenue tracking.

Name

Greenwald Industries

Legal name

Laundry Wallet, LLC

Website

https://greenwaldindustries.com

Company type

Private

Founded year

1954

Operating status

Operating

Headcount range

11–50 employees

Short description

Greenwald Industries, founded in 1954 and headquartered in Chester, Connecticut, manufactures payment hardware and software — coin acceptors, smart card systems, EMV kiosks, a mobile app, and back-office management software — for the commercial laundry industry, selling through OEM partnerships with 11 equipment manufacturers and a global distributor network.

Ownership category

akta.pro rank

Product category

Commercial Laundry Payment Systems

NAICS

Coin-Operated Laundries and Drycleaners (812310)

akta.pro primary industry

Card/App-Based Self-Service Laundromats (HSAJAAAB)

akta.pro secondary industry

App-Based Laundry Marketplace / Aggregator Platforms (HSAJACAD)

Keywords

• Commercial laundry payments
• Coin-operated vending
• Smart card systems
• Laundromat management software
• Cashless payment kiosks

Headquarters

HQ city

Chester

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Hardware Products: Sale of payment hardware including smart card readers, coin chutes/slides, coin drops, money boxes, meters, timers, starters, locks and keys, and tokens. Products are sold through distributors and direct sales with pricing based on product type and configuration.
2. Payment Devices and Mobile App: Greenwald Pay devices and mobile payment platform. The app allows users to add funds and pay for laundry cycles. Revenue likely includes device sales to laundromat operators and transaction processing fees.
3. Management Software (GMS): Greenwald Management System - web-based back-office software for laundromat operations. Provides machine setup, pricing configuration, revenue tracking, and reporting capabilities. Likely offered as subscription or included with hardware purchases.
4. Smart Card Systems: Complete smart card payment solutions including card readers, kiosks (cash boxes, credit boxes, PinMate), and cards. Sold to laundromat operators as integrated payment systems.
5. Replacement Parts and Aftermarket: Replacement locks, keys, and parts for money boxes and payment equipment. Sold through distributors and direct sales with per-item pricing.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Greenwald Industries designs, manufactures, and sells payment hardware and software for the commercial laundry industry. Its product lines include coin chutes and coin drops (with patented V-notch sizing), money boxes, meters, timers, starters, locks and keys, tokens, contact and contactless smart card systems with self-serve kiosks, EMV/PCI compliant credit kiosks, the Greenwald Pay mobile payment app, and the web-based Greenwald Management System (GMS) back-office software. Customers are laundromat operators, multi-housing property managers, and OEM commercial laundry equipment manufacturers.

Product overview

Greenwald Industries is a payment solutions provider for laundromats, offering a portfolio of interconnected products: Greenwald Pay mobile app for customers to pay and start machines via smartphone; Smart Card Systems with card readers, cash boxes, credit boxes, and PinMate Touch kiosks for card-based payments; Coin Vending Products including coin chutes, drops, money boxes, meters, timers, starters, and locks; and the Greenwald Management System (GMS) web-based back-office software for operators to manage machines, configure pricing, and track revenue. The company serves the commercial laundry industry with both traditional coin-operated and modern cashless payment solutions. Founded in 1954, the company is headquartered in Chester, Connecticut.

Differentiator

Problem solved

Functional benefit

Brands

• Greenwald Pay: Mobile payment application for laundry machines enabling users to pay, start, and track laundry status via smartphone.
• Greenwald Management System (GMS)
• Smart Card Systems
• digicoin II
• QuarterMasters

Products and services

• Greenwald Pay Mobile App Mobile payment application enabling laundromat customers to pay for laundry, start machines, and track laundry status remotely via smartphone. Available on iOS and Android.
• Smart Card Systems Contact and contactless smart card payment systems for laundromats including card readers, cash boxes, credit boxes, and PinMate Touch kiosks that enable customers to pay with cards and add value to their accounts.
• Coin Vending Products Coin-operated vending solutions including coin chutes/slides (V5, V7, V8, V14 models), coin drops, money boxes, meters, timers, starters, tokens, and locks for laundry machines, featuring the patented V-notch coin sizing system.
• Greenwald Management System (GMS) Web-based back-office software for laundromat operators to manage machines, configure pricing, track revenue and transactions, and generate reports with real-time visibility and remote access capabilities.

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

13 partnerships are on record, tiered core.

• AlliancecoreOEM/ Whitelabel/ Licensing PartnerAlliance is an OEM partner where Greenwald Industries payment systems (coin chutes, smart card readers, Greenwald Pay devices) are integrated into Alliance commercial laundry equipment including the Quantum Gold Pro series.
• DextercoreOEM/ Whitelabel/ Licensing PartnerDexter commercial laundry equipment incorporates Greenwald payment solutions including coin drops, money boxes, and smart card systems.
• ElectroluxcoreOEM/ Whitelabel/ Licensing PartnerElectrolux commercial washers and dryers feature Greenwald payment system integration for laundromat operators.
• FrigidairecoreOEM/ Whitelabel/ Licensing PartnerFrigidaire commercial laundry equipment includes Greenwald payment solutions as part of the integrated offering.
• LGcoreOEM/ Whitelabel/ Licensing PartnerLG commercial laundry equipment features Greenwald payment systems including digicoin digital coin acceptors, coin chutes, and smart card compatibility. Dedicated installation kits available for LG machines.
• MaytagcoreOEM/ Whitelabel/ Licensing PartnerMaytag commercial washers and dryers integrate with Greenwald payment solutions including coin chutes, money boxes, and Greenwald Pay devices. Multiple installation kits available.
• SearscoreOEM/ Whitelabel/ Licensing PartnerSears commercial laundry equipment (including Kenmore branded products) incorporates Greenwald money boxes, locks, and payment systems.
• SpeedQueencoreOEM/ Whitelabel/ Licensing PartnerSpeedQueen is a major OEM partner with Greenwald payment solutions integrated into their commercial washers and dryers. Compatible with various Greenwald products including coin drops, starters, and smart card readers.
• UniMaccoreOEM/ Whitelabel/ Licensing PartnerUniMac commercial laundry equipment features Greenwald payment system integration including coin drops and money boxes.
• WascomatcoreOEM/ Whitelabel/ Licensing PartnerWascomat commercial washers integrate with Greenwald payment solutions including money boxes, coin chutes, and starters.
• WhirlpoolcoreOEM/ Whitelabel/ Licensing PartnerWhirlpool commercial laundry equipment features Greenwald payment solutions including coin chutes, money boxes, and Greenwald Pay device integration. Multiple installation kits available for various Whirlpool models.
• Hector Arrieta (Sales Representative)coreChannel Partner/ Reseller/ DistributorRegional sales representative for the West region covering West Coast markets. Contact: [email protected], (909) 434-4918.
• Yolanda Alvarado (Sales Representative)coreChannel Partner/ Reseller/ DistributorRegional sales representative for the Midwest region. Contact: [email protected], (860) 339-1154.

Scale indicators2 records

Recent moves3 records

Expansion highlights4 records

Direct peers

• Cantaloupe Inc. Cantaloupe (formerly USA Technologies) provides cashless payment, telemetry, and SaaS tools for unattended retail, including laundromats. Directly competes with Greenwald Pay, smart-card systems, and GMS at laundromat and multi-housing operators looking for a fully integrated digital stack.
• Crane NXT (owner of MEI and Coinco): Crane NXT owns the MEI and Coinco brands, which supply coin acceptors, bill validators, and cashless readers to the vending, gaming, and commercial laundry markets. Directly overlaps with Greenwald's coin-mechanism and card-reader product lines and competes for the same OEM laundry equipment sockets.
• Stanchion Payments (Standard Change-Makers): Stanchion acquired Standard Change-Makers and now sells coin acceptors, bill validators, and cashless payment hardware serving vending and laundry. Direct competitor to Greenwald's coin mechanism and unattended payment terminal lines.
• Coin Acceptors Inc. Coin Acceptors manufactures multi-coin validators and coin changers widely used in vending and commercial laundry. Directly competes with Greenwald's digicoin II acceptor and V-notch coin chute portfolio in the same OEM and retrofit channels.
• Hamilton Manufacturing: Hamilton produces coin-operated laundry payment hardware and accessories for the self-service laundry market. Closely comparable product portfolio and customer base, including installers and laundromat operators using similar payment hardware.

Broad incumbents

• NCR Atleos: NCR Atleos is the ATM-focused spin-off of NCR providing payment hardware, software, and services for self-service banking and unattended commerce. While it does not specialize in laundry, its self-service payment terminals and back-office software occupy an adjacent space to Greenwald's GMS and EMV kiosk offerings.
• Verifone: Verifone is a global manufacturer of EMV-compliant payment terminals used across retail, hospitality, and unattended environments. Offers a broader hardware portfolio that overlaps functionally with Greenwald's EMV credit boxes and card kiosks for unattended laundry use cases.
• Worldline (formerly Ingenico): Worldline, formed via the Ingenico acquisition, is one of the largest payment terminal vendors globally with strong unattended and self-service coverage. Directly competes at the payment-terminal layer and could be selected over Greenwald for larger multi-housing deployments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/Greenwald-Industries-102965211333542
• LinkedInlinkedin.com/company/greenwald-industries

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Greenwald Industries