What Scan Coin does

Scan Coin is a privately held Swedish manufacturer of automatic coin and banknote processing equipment, founded in 1965 and headquartered in Malmö. Operating as a subsidiary of PayComplete since 2025, the company serves enterprise customers across six verticals: retail, banking and financial services, mass transit and parking, cash centers and mints, hospitality and leisure, and OEM/system builders. Its product architecture combines a deep hardware catalog (more than 40 SKUs spanning cash recyclers, smart safes, deposit systems, coin and banknote counters/sorters, validators, hoppers, and central cash-processing systems such as coin lifts, checkweighers, and cage/pallet loaders) with a layered software stack that includes the cloud-based Connect 2.0 platform, Connect on-Device, RetailConnect, VaultConnect, PayConnect, Zero Touch Service, TransportConnect, and ConnectCube.

Name

Scan Coin

Website

https://scancoin.com

Company type

Private

Founded year

1965

Operating status

Operating

Headcount range

51–100 employees

Short description

Scan Coin is a Swedish manufacturer and software vendor of automated coin and banknote processing equipment for retail, banking, transit, and cash center enterprises, operating as a subsidiary of PayComplete.

Ownership category

akta.pro rank

Product category

Cash Management Equipment

NAICS

Totalizing Fluid Meter and Counting Device Manufacturing (334514), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Functions Related To Depository Banking, Nec (6099), Computer Terminals (3575)

akta.pro primary industry

Retail Cash Deposit & Smart Safe / Cash Recycling Solutions (FSAMAOAG)

akta.pro secondary industries

Cash & Coin Processing / Cash Centers (FSAMAOAF), Cash Drawers, Cash Handling & Coin/Bill Counters (HDACAKAE), Branch & Teller Cash Automation / Vault Management (FSAMAOAI), Cash Processing, Sorting & Vaulting (Cash Centers) (BPAKAIAC)

Keywords

• Cash management equipment
• Coin processing systems
• Banknote validation
• Smart safe solutions
• Cash recycling hardware

Headquarters

HQ city

Malmö

HQ country

Sweden

HQ region

Europe

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Hardware Sales: Sale of cash management hardware including coin recyclers, banknote validators, smart safes, deposit systems, and cash center equipment. Hardware is sold as one-time purchases with potential maintenance/service contracts.
2. Software/SaaS Subscriptions: Cloud-based software platforms (Connect 2.0, Connect on-Device, RetailConnect, VaultConnect, PayConnect) delivered as SaaS tools with subscription pricing. Includes CONNECT EU and CONNECT US cloud portals.
3. Professional Services: Engineering and consulting services for deployment, optimization, and maintenance of transactional systems. Add-on technologies and business services provide operational support.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Scan Coin manufactures and supplies automatic coin and banknote processing equipment—including coin and cash recyclers, smart safes, cash deposit systems, note and coin counters/sorters, bill validators and coin changers, hoppers, and central cash center systems—and pairs this hardware with cloud and on-device software platforms (Connect 2.0, RetailConnect, VaultConnect, PayConnect, TransportConnect, ConnectCube, Zero Touch Service) for unified cash management. The company also offers professional engineering services for deployment, optimization, and maintenance of these transactional systems for enterprises across retail, banking, mass transit, parking, hospitality, and cash center environments.

Product overview

ScanCoin, part of the PayComplete Family with nearly 60 years of CashTech innovation, offers a comprehensive platform-plus-modules architecture combining hardware solutions and software platforms. The core offering includes Cash Recycling Solutions (RCS series recyclers), Smart Deposit Solutions (SDS smart safes, CDS deposit systems), Coin Solutions (coin counters, sorters, validators, recyclers, hoppers), Bank Note Solutions (note counters, sorters, bill validators, recyclers), and Central Cash Processing (cash center systems, coin lifts, wagons, checkweighers). These hardware products are managed through software platforms including Connect 2.0 (cloud-based unified control), Connect on-Device (on-device applications), RetailConnect, VaultConnect, PayConnect, Zero Touch Service, TransportConnect, and ConnectCube. The unified software and hardware solutions enable unlimited cash transaction experiences through both SaaS tools and on-device applications.

Differentiator

Problem solved

Functional benefit

Products and services

• Cash Recycling Solutions Hardware systems including the RCS-400 2.2 Coin Recycler, RCS-700 Cash Recycler, CDS-9R Coin Recycling Kiosk, and RCS-Active Coin Recycler that automatically recirculate cash within retail or banking environments, reducing cash handling costs and improving cash availability. Designed for retailers and banks needing automated back-office cash recycling.
• Smart Safes (SDS Series) SDS-300, SDS-500/SDS-520/SDS-550, and SDS-15C intelligent safes with cash monitoring and management capabilities across various capacities and form factors. For retailers and cash-intensive businesses needing secure cash storage with digital tracking.
• Cash Deposit Systems (CDS Series) CDS-9 and CDS-9R automated cash deposit systems with secure processing and recycling capabilities, enabling digital tracking and reconciliation of deposited cash. For retail, banking, and transit operators needing accurate deposit automation.
• Note Counters and Sorters SC-8550, SC-8330, SC-8220 note sorters, SC-1700 note counter, and SC-1101/1102 cash security feature detector for high-speed banknote sorting, counting, and counterfeit detection. For banks, cash centers, and retailers needing accurate high-volume currency processing.
• Coin Counters and Sorters ICX Active-9 and ICP Active-9 high-speed coin sorters, DTC Series coin sorters, SC-350/360, SC-303/313, and SC-3003 coin counters, plus three- and four-way and Cinco coin sorters for multi-denomination sorting. For cash centers, banks, and retailers needing efficient coin processing.
• Banknote Validators and Recyclers Bill-to-Bill 300 XE Bill Validator, Bill-to-Bill 300 Bill Recycler, Bill-to-Bill ST Stackerless Bill Recycler, Bill-to-Bill TD Top Dispenser Bill Recycler, MFL Front-Load Bill Validator, Smart Payout Bill Recycler, NV9 USB+, NV10 USB+, NV11+, NV200, Vantage, BV20, and BillPro Bill Validators. For vending, retail, banking, and self-service applications needing validated banknote acceptance.
• Coin Validators, Changers, and Recyclers Guardian GLX MDB Coin Changer, CoinPro 3 MDB Coin Changer, RM5 Evolution Coin Validator, RM5 HD Coin Validator, and Currenza C2 Coin Changer for vending, gaming, and self-service applications needing MDB-protocol coin acceptance, validation, and change-giving.
• Coin Hoppers Flow Hopper, Evolution Hopper, Cube Hopper, and WGR Coin Carousel coin dispensing hoppers for automated cash handling systems and OEM integrations.
• Cash Center Systems Industrial-scale equipment for cash centers and mints, including SC-95600 and SC-94900 Cage & Pallet Loaders, SC-95299 Vibrating Hopper, SC-94250 and SC-98400/SC-98600 Checkweighers for coin rolls and sachets, SC-93420/SC-93500 and SC-93365 Coin Lifts, SC-93400 and OnRoad Coin Wagons, SC-94220 Coin Container with SC-94200 Trolley, plus C3+ and Three/Four-Way and Cinco Coin Sorters. For cash centers and mints needing industrial cash processing and logistics.
• Self-Service and POS Terminals PC POS Terminal for retail point-of-sale cash transactions and Edge Kiosk for self-service unattended cash operations. For retailers and self-service operators.
• Connect 2.0 Software Platform Cloud-based software platform delivering unified control and monitoring of cash management devices across an organization via CONNECT EU and CONNECT US portals. For enterprises managing fleets of cash devices.
• Connect on-Device On-device application software integrated directly into cash handling hardware for localized control and operation. For hardware operators needing on-machine software control.
• RetailConnect Cash management solution tailored for retail environments, enabling cash transactions and reconciliation at the point of sale and back office. For retail operators.
• VaultConnect Secure cash vault management software for monitoring and controlling cash storage and movement. For sites with secure cash vault operations.
• PayConnect Payment connectivity software enabling integration between cash management systems and payment networks. For enterprises integrating cash devices with broader payment rails.
• TransportConnect Cash management software designed for mass transit and parking environments, supporting cash deposit and payment solutions in self-service ticketing/parking systems. For transit and parking operators.
• Zero Touch Service Remote service and maintenance solution minimizing physical intervention requirements for cash devices. For enterprises managing distributed cash device fleets.
• ConnectCube Central management hub for coordinating multiple cash management devices and operations across sites. For enterprises operating multi-site cash operations.

Named customers5 records

Segments6 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators1 record

Recent moves5 records

Expansion highlights5 records

Direct peers

• Glory Global Solutions: Glory is the closest direct competitor: cash recyclers, sorters, banknote validators, and smart safes sold to banks, retailers, and cash centers. Overlapping portfolio across hardware categories and the same enterprise verticals makes the product-line parity near-exact.
• Loomis AB: Loomis offers cash-in-transit and SafePoint smart safe solutions for retailers and banks. Directly comparable to ScanCoin on smart safe / deposit-side hardware and recurring managed cash services.
• The Brink's Company: Brink's combines secured cash logistics with Brink's CompuSafe and related smart safe/payment solutions. Direct peer on enterprise cash management for retail and banking customers.
• Fujitsu Frontech: Fujitsu Frontech manufactures currency handling, banknote recognition, and cash recycling systems. Direct peer on note sorters, recyclers, and validation hardware for banks and retail.
• Crane NXT: Crane NXT produces currency processing equipment (via Cummins Allison and other units) and authentication sensors used in banknote validators. Direct peer on banknote processing and counterfeit detection.
• OKI Electric Industry: OKI supplies cash handling devices, ATM modules, and banknote recognition technology. Overlaps ScanCoin on note sorting/validation and OEM bill validator modules.
• Suzo-Happ Group: Suzo-Happ supplies cash handling components (coin changers, hoppers, bill validators) and kiosk/self-service parts to gaming, vending, and OEMs. Closely comparable to ScanCoin's hopper, MDB coin changer, and validator categories.

Broad incumbents

• Diebold Nixdorf: Diebold Nixdorf supplies ATMs, POS, and cash-recycling hardware to banks and retailers. As a broad incumbent in financial self-service, it overlaps ScanCoin on cash deposit/recycling and teller-cash automation within a much larger portfolio.
• NCR Corporation: NCR provides banking and retail technology including cash management modules (e.g., NCR Connected Retail, SelfServ ATMs). A broader incumbent whose cash-handling pieces compete with ScanCoin on deposit and recycler functionality.

Emerging players

• Innovative Technology: UK-based specialist in cash validators, recyclers, and biometric age verification for gaming, vending, and retail. Partial overlap with ScanCoin's NV-series validators and MDB coin changers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

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 Scan Coin