Mint Innovations
Mint Innovations is a Ukrainian smart-retail technology subsidiary of Modern Expo that builds LOKO APP parcel locker software, SELINE self-checkout terminals, and TOBIX age-verified vending machines for enterprise retailers, logistics operators, and e-commerce platforms across 15 countries.
- Company typePrivate
- Founded2012
- HeadquartersLutsk, Ukraine
- Headcount51–100
- GTM typeB2B
- OfferingHardware or Manufacturing
What Mint Innovations does
Mint Innovations is a Ukrainian smart-retail technology company headquartered in Strumivka, Lutsk, and operating as part of the Modern Expo group. It designs and develops both software and hardware for retail automation, with three flagship product lines: LOKO APP, a modular cloud-based parcel locker network management system with back-office dashboard, courier/client/service apps, notification module, and a vendor-independent API plus pre-built Drupal Commerce plugin; SELINE, a software-agnostic self-checkout terminal in Lyra and Luna configurations; and TOBIX, a next-generation vending machine with built-in computer-vision age verification for restricted products. The broader portfolio extends to HiPOS point-of-sale terminals, SCUY, and MULTITAG electronic shelf labeling, plus POS equipment, AIO terminals, and anti-theft solutions.
The company monetizes through three streams: sale of physical retail equipment (lockers, self-checkout terminals, vending machines, POS hardware), recurring software licensing and subscriptions for the LOKO platform including Full Service Pack and API access tiers, and professional services for AI implementation and solution customization. Sales are driven through direct enterprise engagement, supported by a vendor-independent integration stance, presence at major trade shows (EuroShop, EuroCIS, Parcel+Post Expo), and an ISO 9001-certified operating posture.
Mint Innovations serves enterprise customers across Europe — logistics and postal operators (Royal Mail, Easybox, Smartmile), e-commerce platforms (Rozetka, Allegro, Paxtore), and brick-and-mortar retail across DIY (Castorama, Kingfisher), pharmacy (Aprium Pharmacie), electrical retail (ElektroMaterial), and general merchandise (Stokker, Voli, Renome, Myurbanbox). Its footprint spans 15 countries with 8,000 parcel lockers and 1,500+ SELINE terminals deployed, and it was included in the Forbes Ukraine 2024 ranking of largest IT subsidiaries by revenue and won Supplier of the Year at Parcel+Post Expo 2023.
Mint Innovations firmographics
Firmographics- Name
- Mint Innovations
- Legal name
- Mint Innovations
- Website
- https://mint-innovations.com
- Company type
- Private
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Mint Innovations is a Ukrainian smart-retail technology subsidiary of Modern Expo that builds LOKO APP parcel locker software, SELINE self-checkout terminals, and TOBIX age-verified vending machines for enterprise retailers, logistics operators, and e-commerce platforms across 15 countries.
- Ownership category
- akta.pro rank
Mint Innovations industry classification
Industry- Product category
- Smart Retail Hardware and Software
- NAICS
- Couriers and Express Delivery Services (492110)
- SIC
- Wholesale-Industrial Machinery & Equipment (5084)
- akta.pro primary industry
- Smart Access & Locker Technology Providers (Hardware, Software, Access Control) (TLAAAMAH)
- akta.pro secondary industries
- Carrier-Owned Parcel Locker Networks (TLAAAMAA), Residential & Multifamily Parcel Locker Solutions (Apartment/HOA) (TLAAAMAD), Workplace / Office Parcel Locker Solutions (TLAAAMAE), Convenience Retail with Parcel & Pickup Services (PUDO/Lockers) (CRAHABAL)
Keywords
Where Mint Innovations is headquartered
LocationHeadquarters
- HQ city
- Lutsk
- HQ country
- Ukraine
- HQ region
- Europe
Offices1 record
Markets served
Mint Innovations business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Supply Chain
Revenue model
- Hardware Sales: Sale of physical retail equipment including self-checkout terminals (SELINE), vending machines (TOBIX), and related POS equipment. Multiple product configurations (wall mount, stand variations) suggest customizable hardware offerings.
- Software Licensing and Subscriptions: LOKO APP parcel management system offered as modular software solution with multiple integration models: Full Service Pack (turnkey solution with support and updates), Backend to Backend integration, API access, and tailored solutions. Includes cloud-based platform with 24/7 support.
- Professional Services and Consulting: Expert advice on business use of artificial intelligence, implementation services, and customization of solutions to client requirements. Partnership approach includes deep immersion in client business.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Enterprise B2B solutions - pricing available upon request |
Go-to-market motion2 records
Distribution channels1 record
Marketing channels6 records
Mint Innovations product offering
Product offeringCore offering
Mint Innovations designs and delivers smart retail solutions for B2B ecosystems, combining proprietary hardware (LOKO parcel lockers, SELINE self-checkout terminals, TOBIX vending machines, HiPOS terminals, MULTITAG electronic shelf labels) with the LOKO APP cloud-based parcel locker network management software. The company also provides professional services and AI consulting to help retailers, logistics providers and e-commerce businesses deploy these solutions.
Product overview
Mint Innovations is a smart retail solutions company that develops both hardware and software for retail transformation. The portfolio includes LOKO APP (parcel locker network management system), SELINE (self-checkout systems in Lyra and Luna variants), TOBIX (age-verified vending machines), HiPOS (POS terminals), SCUY (retail solution), and MULTITAG (electronic shelf labeling). The company also provides POS equipment, AIO terminals, touch displays, TagPad terminals, anti-theft solutions, and automated POS systems. The product ecosystem integrates software solutions with retail hardware to enable seamless shopping experiences, eliminate queues, and increase sales.
Differentiator
Problem solved
Functional benefit
Brands
- LOKO: Parcel locker network management system and software solution for logistics, e-commerce, Click & Collect, storage and agnostic parcel lockers.
- SELINE
- TOBIX
Products and services
- LOKO APP Comprehensive cloud-based parcel locker network management software offering a modular solution for logistics, e-commerce, Click & Collect and storage operations. Includes backend, control dashboard, application module, notification module, UI and API for parcel lockers, and online store components, sold to logistics carriers, e-commerce platforms and retailers.
- SELINE
Quantifiable outcome
- Up to 8% revenue increase during peak hours with SELINE self-checkout
- +4 more outcomes
Companies that use Mint Innovations
Customer profileNamed customers14 records
Segments4 records
Ideal customer profiles3 records
Mint Innovations technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability4 records
Feature5 records
Mint Innovations partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Modern ExpocoreParent company/group relationship. Mint Innovations is part of Modern Expo group. Modern Expo manufactures retail equipment and the two companies collaborate on integrated smart retail solutions.
Scale indicators6 records
Recent moves6 records
Expansion highlights5 records
Mint Innovations competitors and assessment
Company assessmentDirect peers
- Quadient: Provides parcel locker systems (including via the Parcel Pending acquisition) and customer communication management. Directly comparable as a vendor of carrier-agnostic, hardware-flexible locker and click-&-collect software competing for the same enterprise and carrier customers.
- Cleveron: Estonia-headquartered manufacturer of smart parcel lockers and click-&-collect terminals with a software management layer. Competes head-to-head with LOKO in European retail and postal deployments and shares the parcel-locker specialization.
- InPost: Largest carrier-owned parcel locker network in Europe, headquartered in Poland (the same market where Mint has many of its references including Easybox). Both a customer-adjacent and competitor in last-mile locker software and operations.
- Luxer One: Specializes in parcel locker management software for residential, retail and commercial properties in North America. Directly comparable as a software-led locker management vendor targeting multi-family and enterprise property use cases.
- PackageX: Provides a parcel management platform with locker APIs and SDK integrations for residential and commercial buildings. Mirrors LOKO's API-first, integration-agnostic approach to enabling e-commerce and locker workflows.
Broad incumbents
- Pitney Bowes: Established shipping, mailing, and commerce technology vendor offering smart locker and locker management solutions as part of a wider SendSuite portfolio. Broader incumbent competing for the same enterprise logistics and retail IT budgets.
- Diebold Nixdorf: Global provider of retail POS and self-checkout hardware and software. Directly comparable to Mint's SELINE self-checkout business from a product and customer perspective, but operating at significantly larger scale as part of a broader banking and retail technology portfolio.
- NCR Voyix: Major retail technology incumbent offering self-checkout, POS, and unified commerce software. Comparable across Mint's SELINE, HiPOS and broader retail automation portfolio, with much greater installed base and channel reach.
Emerging players
- Bringg: Delivery orchestration platform focused on last-mile fulfillment, dispatch, and delivery management for retailers and carriers. Adjacent competitor in the last-mile software stack where Mint's LOKO platform also competes for budget.
- Zippin: Computer-vision-based checkout-free and self-checkout technology vendor. Comparable to Mint's SELINE self-checkout push and its stated AI/IoT R&D roadmap, representing an emerging alternative for retail automation customers.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Mint Innovations social profiles
Digital presenceMint Innovations compliance and trust
Trust signalCompliance1 record
Mint Innovations financial estimates
Financial estimateRevenue estimate
Valuation estimate
Mint Innovations leadership team
Management profileNumber of profiles
Profiles2 records
Mint Innovations funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Mint Innovations M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Mint Innovations
What does Mint Innovations do?
Mint Innovations designs and delivers smart retail solutions for B2B ecosystems, combining proprietary hardware (LOKO parcel lockers, SELINE self-checkout terminals, TOBIX vending machines, HiPOS terminals, MULTITAG electronic shelf labels) with the LOKO APP cloud-based parcel locker network management software. The company also provides professional services and AI consulting to help retailers, logistics providers and e-commerce businesses deploy these solutions.
Is Mint Innovations a public or private company?
Mint Innovations is a private company. It is classified as corporate owned and is currently operating.
When was Mint Innovations founded?
Mint Innovations was founded in 2012. It employs 51 to 100 people.
Where is Mint Innovations based?
Mint Innovations is headquartered in Lutsk, Ukraine, in the Europe region.
How does Mint Innovations make money?
Three revenue lines are on record. Hardware Sales are the primary driver. The others are software Licensing and Subscriptions and professional Services and Consulting.
Who are Mint Innovations's main competitors?
Direct peers on record are Quadient, Cleveron, InPost, Luxer One and PackageX. Broad incumbents are Pitney Bowes, Diebold Nixdorf and NCR Voyix. Emerging players are Bringg and Zippin.
Does Mint Innovations have an API?
Yes. Mint Innovations offers a vendor-independent LOKO API for integrating parcel locker terminals and networks with e-commerce websites and other systems. The API provides endpoints for: finding nearest parcel terminals by address, checking for available parcel boxes, listing boxes with special accessibility levels, box reservation options, changing box size during delivery, monitoring delivery progress, sending notifications, and providing user-friendly UX for parcel pickup. The API is described as well-documented with Swagger UI for testing. The company also provides a Drupal Commerce module (commerce_loko plugin) as a pre-built integration for Drupal-based e-commerce sites.
What industry is Mint Innovations in?
Mint Innovations's product category is Smart Retail Hardware and Software. Its primary akta.pro industry code is TLAAAMAH, Smart Access & Locker Technology Providers (Hardware, Software, Access Control), with a secondary code of TLAAAMAA, Carrier-Owned Parcel Locker Networks. Its NAICS code is 492110 and its SIC code is 5084.