Vendors Exchange International

What Vendors Exchange International does

VE Solutions, Inc. (formerly Vendors Exchange International, founded 1959 and headquartered in Maple Heights, Ohio) is a privately held industrial distributor and remanufacturer serving the U.S. unattended retail industry. The company operates a vertically integrated business spanning remanufactured vending machines sold at up to 50% below OEM MSRP, the industry's largest parts catalog with 10,000+ SKUs compatible across all major OEM brands, MEI-certified electronic repair services, and proprietary upgrade hardware including the NAMA-certified Universal Control Board (UCB) plus Revision, Curve, and Cafe Curve door/panel kits. The company generates revenue primarily through one-time sales of equipment, parts, kiosks (V3 and M2), AI Smart Coolers (distributed for HaHa Vending), and add-ons like VendArmour-protected custom graphics, supplemented by professional services (R&R fleet refresh, electronic repair), transaction-fee revenue from the Bitebucks stored value program, and channel referrals for payment processing and equipment financing.

Go-to-market blends a U.S. territory-based field sales force, an e-commerce storefront carrying 3,686+ products, and inside-sales phone support (800-321-2311). Customer concentration sits with vending machine operators and micro market operators across manufacturing, distribution, corporate campus, hospitality/casino, and education end-markets — supported by over 65 years of installed base relationships and a strong multi-year double-digit growth profile. The company reinvested in a 2024 headquarters relocation and rebrand to VE Solutions, and has added the Kiosk+ platform, Cantaloupe Remote Price Change integration, and AI Smart Cooler distribution as recent platform-build moves, suggesting a deliberate pivot from pure parts distribution toward higher-margin platform and recurring revenue.

Name

Vendors Exchange International

Legal name

VE Solutions, Inc.

Website

https://vesolutions.co

Company type

Private

Founded year

1959

Operating status

Operating

Headcount range

251–500 employees

Short description

VE Solutions (formerly Vendors Exchange International) is a Maple Heights, Ohio-based privately held distributor and the industry's largest remanufacturer of vending machines, supplying parts, refurbished equipment, kiosks, AI smart coolers, and the proprietary Universal Control Board to vending and micro market operators across the United States.

Ownership category

akta.pro rank

Product category

Vending Machine Manufacturing and Unattended Retail Equipment

NAICS

Commercial and Service Industry Machinery Manufacturing (333310), Refrigeration Equipment and Supplies Merchant Wholesalers (423740)

SIC

Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585), Wholesale-Electronic Parts & Equipment, Nec (5065)

akta.pro primary industry

Vending & Micro-Markets (EDALADAF)

Keywords

• Vending machines
• Micro market kiosks
• Vending parts distribution
• Unattended retail
• Vending machine remanufacturing

Headquarters

HQ city

Cleveland

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Vending Machine Sales (New and Refurbished): Sale of full vending machines including refurbished equipment at up to 50% below OEM MSRP, Clean Checked Working (CCW) machines, and As-Is equipment. Machines come with VE doors/panels, UCB installed, and remanufactured inside and out.
2. Vending Machine Doors and Panels: Sale of Revision Doors, Curve Doors, Curve Panels for BevMax and Merchant machines, Cafe Curve coffee machine upgrades, and Discover hybrid vending machines. Sold as boxed doors for self-installation or with full machine purchase.
3. Parts Distribution: Extensive catalog of over 10,000 vending machine parts across multiple categories (belts, boards, coffee parts, doors, electrical, glass, harnesses, lighting, locks, motors, refrigeration, spirals, technology, etc.) and compatible with major OEM brands (AMS, AP, Dixie Narco, National, Rowe, Vendo, etc.). New parts added weekly.
4. Electronic Repair Services: MEI-certified electronic repair department services coin mechs, bill validators, control boards, refrigeration units, and brewers nationwide. Offers free local pick-up and delivery in Midwest and Northeast regions, free parts delivery for ERD route customers, and volume-based shipping discounts.
5. Kiosk and Micro Market Technology: Sale of V3 and M2 kiosks along with FMS software, temperature sensors, mounting brackets, ADA pad assemblies, and other kiosk accessories and peripherals. Includes FMS middleware at no additional cost with kiosk purchase.
6. Bitebucks Stored Value Program: Operator-owned stored value program enabling instant fund ownership, payroll deduction, loyalty programs, and promotional capabilities. Operators own funds loaded to bitebucks cards with no third-party disbursement delays, providing immediate cash flow.
7. AI Smart Cooler Distribution: Authorized U.S. distribution of HaHa Vending AI smart cooler machines (Ultra 1200, Pro 542, Max 620S, Freezer 550) featuring AI vision technology, grab-and-go checkout, and cloud-based fleet management.
8. Financing Services: In-house Net Terms offered to screened customers, plus referral relationships with six financing partners (ACP Finance, Advantage+, Clicklease, LEAF, NewLane Finance, Trio Capital) providing lease and loan options for equipment purchases.
9. Refurbish & Return (R&R) Program: White-glove fleet refresh service where operators ship machines to VE for deep cleaning, repair, hardware/software installation (Revision Door or Curve Panel, UCB, LED lights), custom graphics application, touchscreen and payment device upgrades, and quality control testing. Available for fleets of 15+ machines.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels7 records

Core offering

VE Solutions remanufactures and sells vending machines (refurbished up to 50% below OEM MSRP), distributes 10,000+ vending parts, and produces proprietary kiosks (V3, M2) and AI smart coolers for unattended retail. The company also develops and licenses its NAMA-certified Universal Control Board (UCB), Fleet Management System (FMS), Bitebucks stored value platform, and Kiosk+ integration platform, while providing electronic repair and Refurbish & Return services to vending and micro market operators.

Product overview

VE Solutions offers a comprehensive suite of unattended retail solutions comprising hardware equipment, software platforms, and services. The core product portfolio centers on self-service kiosks (V3 and M2), AI Smart Vending Machines (Ultra 1200, Pro 542, Max 620S, Freezer 550), and refurbished vending machines across snack, beverage, coffee, cold food, and frozen categories. Supporting platforms include the Bitebucks stored value/loyalty program, Fleet Management System (FMS) middleware, Payment Processing via Apriva/Chase, and the Universal Control Board (UCB) for remote vending management. Add-on modules include custom graphics with VendArmour protection, vending machine doors and panels (Revision, Curve, Cafe Curve), and a parts distribution network of 10,000+ components. Services include electronic repair, the Refurbish & Return program, and comprehensive customer support.

Differentiator

Problem solved

Functional benefit

Brands

• Bitebucks: Stored value program that provides cashless payment solutions for operators, featuring payroll deduction, loyalty programs, and digital card options.
• FMS (Fleet Management System)
• VE Kiosks
• UCB (Universal Control Board)
• Curve Door
• Revision Door
• Discover
• VendArmour

Products and services

• V3 Kiosk Full-featured 22-inch portrait touchscreen POS kiosk for micro markets with theft-deterring camera, programmable hot buttons, loyalty integration, and optional bill validator.
• M2 Kiosk Compact 10-inch touchscreen kiosk running V3 software for smaller micro market footprints without cash requirements; includes theft-deterring camera and optional temperature sensors.
• AI Smart Vending Machine Ultra 1200

Quantifiable outcome

• 2x revenue increase in 30 days for workforce locations using Bitebucks stored value with payroll deduction
• +6 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration15 records

AI capability4 records

Feature6 records

Partnerships

Three partnerships are on record, tiered core.

• Apriva / J.P. Morgan ChasecoreTechnology or IntegrationVE Solutions' payment processing is powered by a partnership with Apriva and backed by J.P. Morgan Chase. The partnership enables 7x faster funds with daily deposits, competitive rates, PCI compliance, and support for credit/debit, NFC mobile payments, and campus cards. Apriva Partner Studio provides transparent reporting. This is a core partnership enabling VE's payment processing service.
• CantaloupecoreTechnology or IntegrationCantaloupe partnered with VE Solutions to deliver a seamless upgrade for Remote Price Change, integrating VE's Universal Control Board into Cantaloupe's Seed Pro platform. The integration enables customers to easily identify and upgrade legacy machines in the field to accept remote price changes. Cantaloupe is also a VMS integration partner for VE kiosks.
• HaHa VendingcoreOEM/ Whitelabel/ Licensing PartnerVE Solutions is an authorized U.S. distributor for HaHa Vending AI Smart Cooler products. HaHa Vending manufactures AI-powered vending machines featuring vision technology for item detection with 99% accuracy, grab-and-go multi-item checkout, and cloud-based fleet management. VE distributes Ultra 1200, Pro 542, Max 620S, and Freezer 550 models.

Scale indicators11 records

Recent moves8 records

Expansion highlights6 records

Market position

Competitive moat6 records

Key highlights7 records

Customer concentration

• Xx.com/VEiiVending

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments

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

Frequently asked questions about Vendors Exchange International