What Tapplock does

Tapplock Corp. is a Toronto-based IoT hardware company, founded in 2016, that designs and sells biometric smart padlocks. Its product portfolio centers on two consumer devices — the Tapplock one+, a multi-functional utility lock with a 7mm stainless-steel shackle, anti-shim and anti-pry features, IP67 ingress protection, capacitive fingerprint sensing advertised at 99.999% accuracy and 0.8-second unlock, storage for up to 500 fingerprints, and roughly 12 months of battery life; and the Tapplock lite, a lighter-weight lifestyle lock storing up to 100 fingerprints with an 8-month battery. A Morse-Code backup unlock, Bluetooth unlocking, and a companion mobile app round out the device feature set. The locks are sold direct-to-consumer via the tapplock.com storefront.

Alongside the hardware line, Tapplock operates an enterprise access-control platform branded Tapplock Enterprise™. The platform enables centralized, remote enrollment and over-the-air fingerprint distribution to unlimited deployed locks, user-group permissions, custom role assignment, web-portal audit reporting with timestamps, enterprise-grade encryption, and dedicated Android apps for administrators and field users. Pricing is quote-based and sold through a demo-booking and business-partnership sales motion targeting verticals including utilities, logistics, manufacturing, IT, healthcare, government, and education. The consumer products are sold as one-time hardware purchases through the company website, while enterprise contracts convert the proposition into subscription-style recurring revenue.

Operationally, Tapplock remains small (11-50 employees), is privately held under Tapplock Corp., and has only one disclosed capital event: participation in the HAX Boost accelerator led by SOSV in mid-2016. The company has earned industry recognition via a 2018 CES Innovation Award nomination for the one+, a 2020 iF Design Award for the lite, and inclusion in Metabridge's Canada Top 15 Tech Startups list in 2018. It supports a public bug bounty program with tiered rewards of $100-$3,000 USD administered via [email protected]. No acquisitions, institutional venture rounds, leadership changes, or named enterprise customers were disclosed in the input data.

Name

Tapplock

Legal name

Tapplock Corp.

Website

https://tapplock.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

Tapplock Corp. is a Toronto-based IoT company that designs and sells biometric fingerprint smart padlocks (Tapplock one+ and lite) direct-to-consumer and offers the Tapplock Enterprise™ access-control platform with remote enrollment and audit reporting for multi-site organizations.

Ownership category

akta.pro rank

Product category

Smart Locks

NAICS

Security Systems Services (except Locksmiths) (561621)

SIC

Cutlery, Handtools & General Hardware (3420)

akta.pro primary industry

Residential Smart Lock Hardware (Keypad, Keyless, Biometric, Connected) (HSAHAEAA)

akta.pro secondary industries

Smart Lock Software Platforms & Mobile Apps (Access Control SaaS) (HSAHAEAG), Biometric Input Devices (Fingerprint/Face/Iris Scanners) (HDACAFAI), Smart Locks & Access Control Retail (CRACAGAD)

Keywords

• Smart padlocks
• Biometric authentication
• Access control
• Fingerprint locks
• IoT security devices

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Hardware Sales - Consumer Smart Padlocks: One-time purchase revenue from selling smart fingerprint padlocks (Tapplock one+ and Tapplock lite) directly to consumers through e-commerce storefront. Products feature different capacity (500 vs 100 fingerprints) and durability specifications at varying price points.
2. Enterprise Access Control Platform: Enterprise software platform enabling centralized management of fingerprint padlock deployments including remote fingerprint deployment, user group management, custom permissions, and audit reporting for business clients across multiple industries.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

Tapplock designs, manufactures, and sells IoT-enabled smart fingerprint padlocks—Tapplock one+ (a multi-functional utility lock) and Tapplock lite (a lightweight lifestyle lock)—that use capacitive biometric sensors to identify users and unlock in 0.8 seconds, paired with the Tapplock enterprise™ platform for organizations to remotely deploy fingerprints, manage user permissions, and audit access across multiple locations and locks.

Product overview

Tapplock Corp. is an IoT technology company offering smart fingerprint-based padlocks and an enterprise access control platform. The product portfolio consists of two consumer-facing smart padlocks—the Tapplock one+ (multi-functional utility lock with 500 fingerprint capacity and enhanced durability) and the Tapplock lite (lightweight lifestyle lock with 100 fingerprint capacity)—along with the Tapplock enterprise™ platform, a comprehensive access control software that enables remote management, user permissions, and audit reporting for deployed padlocks across organizations.

Differentiator

Problem solved

Functional benefit

Brands

• Tapplock enterprise: Comprehensive access control platform designed for teams of all sizes. Enables remote fingerprint deployment, user management by groups, custom permissions, and audit reports.
• Tapplock one+
• Tapplock lite

Products and services

• Tapplock one+ A multi-functional utility smart fingerprint padlock with 7mm reinforced stainless steel shackles, anti-shim and anti-pry technologies, IP67 waterproof rating, and storage for up to 500 fingerprints per lock. Unlocks in 0.8 seconds and supports fingerprint, Bluetooth, and Morse-Code unlocking methods, with a 1-year battery life delivering up to 3,500 unlocks per charge. Targeted at users who need a durable, high-capacity biometric lock for utility and shared use.
• Tapplock lite A lightweight, portable lifestyle smart fingerprint padlock with a feather-light chassis, storing up to 100 fingerprints per lock and supporting three unlock methods (fingerprint, Bluetooth, Morse-Code). Offers 8-month battery life with up to 1,200 unlocks per charge. Targeted at on-the-go consumers securing gym lockers, bikes, storage units, bags, travel, and outdoor equipment.
• Tapplock enterprise™ A comprehensive access control software platform that enables organizations to remotely deploy fingerprints from an enterprise enrollment device to unlimited padlocks across field locations, manage users by groups, assign custom permissions, and produce audit reports with timestamps for every unlock and account event. Targeted at teams in utilities, logistics, manufacturing, IT, healthcare, government, and education. Priced via annual subscription with quotes.

Quantifiable outcome

• 99.999% fingerprint identification accuracy
• +5 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature7 records

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Master Lock: Master Lock is the dominant incumbent in traditional padlocks and has expanded into Bluetooth and smart padlocks with its Master Lock Vault line. It is a broad incumbent competitor that overlaps with Tapplock on consumer padlocks and increasingly on enterprise asset-tracking use cases, with far larger retail distribution.
• August Home (ASSA ABLOY): August Home, now part of ASSA ABLOY, is a leading smart deadbolt brand with mobile credential sharing and home automation integrations. It is a broad incumbent competitor in the residential smart-lock market adjacent to Tapplock's consumer padlock line, with much larger retail and channel presence.
• Schlage (Allegion): Schlage, part of Allegion, is a leading residential and commercial lock brand with connected Encode/Encode Plus smart locks. It is a broad incumbent peer adjacent to Tapplock's consumer padlock line, with deep retail distribution and an emerging enterprise access control portfolio.
• Brivo: Brivo is a cloud-based access control platform serving commercial and enterprise customers with mobile credentials and integrated hardware. It is a broad incumbent peer to Tapplock enterprise™, with a more mature SaaS platform and broader enterprise customer base in the same vertical target markets.
• Yale (ASSA ABLOY): Yale Home, part of ASSA ABLOY, offers a wide range of smart locks and connected access products across residential and light commercial segments. It is a broad incumbent peer that competes in adjacent smart-lock categories and benefits from ASSA ABLOY's enterprise security channel.
• Kwikset (Spectrum Brands): Kwikset, owned by Spectrum Brands, is a major residential lock manufacturer with a growing smart-lock lineup (Halo, Aura). It is a broad incumbent peer that competes for the same hardware-retail channel as Tapplock and brings significantly larger R&D and distribution resources.

Direct peers

• igloohome: igloohome designs and sells smart padlocks and key boxes with PIN, Bluetooth, and app-based access for both consumers and short-term rental hosts. It is the closest direct competitor to Tapplock, overlapping on biometric/Bluetooth padlocks, dual consumer-and-B2B GTM, and a focus on remote access management.
• Lockitron: Lockitron was an early smart-lock pioneer offering Bluetooth and Wi-Fi padlocks and deadbolts with mobile credential sharing. It is a direct competitor in the connected padlock category and shares Tapplock's product-led consumer motion, though its current product footprint is narrower.
• Noke (Fobi): Noke (operated by Fobi AI) makes Bluetooth smart padlocks primarily for industrial and enterprise asset management use cases. It is a direct peer to Tapplock's enterprise platform motion, sharing the Bluetooth/app unlock model, industrial verticals, and subscription software overlay.
• SentriLock: SentriLock provides electronic lockboxes and access control solutions primarily for the real estate and property management industry. It is a direct peer to Tapplock's enterprise motion, sharing a focus on remote credential management, audit trails, and a subscription software model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Tapplock
• Facebookfacebook.com/tapplock

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds1 record

Investors2 records

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 Tapplock