What Lincsafe does

Lincsafe B.V. is a Dutch designer, manufacturer, and servicer of smart physical payment solutions, headquartered in Breukelen, the Netherlands, and operating as a subsidiary of the UK-based Cennox Group since 2022. The company was founded in 2013 under Merlin, a cash-solutions provider active since 1996, and employs 101-250 staff. Lincsafe's product portfolio centers on four families: Smart Safes (DepositMini, DepositPRO, DepositPRO-cen, DepositDUO, DepositPLUS, DepositPRO-AH), Cash Recyclers (RecyclerMAX, with multi-thousand note and coin capacity), Self-Service units (Lincstation, LincstationPLUS, LincstationCD/MIA, LincstationCI/MUA), and Custom-built solutions such as the Starbucks "BOX" and the Hommerson Casino PIN Money Changer. All hardware and software are designed, developed and maintained in-house, including banknote and coin validators with counterfeit detection, encrypted SSD storage, and a proprietary cloud-based Lincsafe Portal hosted in an ISO 27001/ISAE3402 datacenter that provides remote device monitoring, reporting, user management, and inventory management.

The company generates revenue through hardware sales of cash-handling terminals, recurring software access via the Lincsafe Portal, custom development services for bespoke retail and banking requirements, and managed maintenance and support contracts (often delivered through CIT partners such as Brink's and G4S). Pricing is quote-based with multi-year contracts and 30-day payment terms; no public price list exists. Go-to-market is direct enterprise field sales: a consultative process from requirement scoping through mock-up design to in-house realization, with named customers spanning retail (Albert Heijn, Praxis, AS Watson/Trekpleister, Kruidvat), fast food (Starbucks, Subway, Taco Bell, Domino's, New York Pizza), banking (Geldmaat, the ABN AMRO/ING/Rabobank joint venture), energy (Shell), security (G4S), casinos (Hommerson), and CIT (Brink's). The commercial footprint listed on the company website spans 24+ countries across Europe, the Americas, the Middle East and Africa, materially extended by Cennox Group distribution since the 2022 acquisition.

Name

Lincsafe

Legal name

Lincsafe B.V.

Website

https://lincsafe.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

101–250 employees

Short description

Lincsafe is a Dutch manufacturer of smart safes, cash recyclers, and self-service payment terminals, plus the Lincsafe Portal cloud platform, serving retail, banking, and leisure customers across 24+ countries as a Cennox Group subsidiary.

Ownership category

akta.pro rank

Product category

Cash Management Equipment (Smart Safes and Cash Recyclers)

akta.pro primary industry

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

Keywords

• Smart safe manufacturing
• Cash management equipment
• Cash recycler systems
• Self-service payment kiosks
• Retail cash handling

Headquarters

HQ city

Utrecht

HQ country

Netherlands

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Hardware Sales: Sale of smart physical payment solutions including Smart Safes, Cash Recyclers, and Self-Service units. Products include DepositMini, DepositPRO, DepositDUO, DepositPLUS, RecyclerMAX, Lincstation, LincstationPLUS, Money Changer, and custom-built payment kiosks.
2. Software/Portal Subscriptions: Lincsafe Portal connected to every device provides Dashboard, Reporting, User Management, and Inventory Management. The portal is customizable for each client and enables real-time monitoring and remote control of all devices.
3. Custom Development Services: Bespoke solution development including consultation, design, mock-up creation, and in-house hardware/software realization. The company converts customer wishes into drawings and final design.
4. Maintenance and Support Services: The company designs, develops, produces, and maintains smart physical payment solutions. Service agreements available for CIT company maintenance and remote support.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels5 records

Core offering

Lincsafe designs, develops, produces, and maintains smart physical payment solutions, smart safes, and money handling equipment for retail, banking, and leisure markets. Its portfolio includes Smart Safes (DepositMini, DepositPRO, DepositDUO, DepositPLUS, RecyclerMAX, custom variants), Self-Service payment terminals (Lincstation family, LincstationCD/CI, PAYstation), and custom-built solutions (The BOX, Money Changer), connected via the Lincsafe Portal cloud platform for real-time monitoring, reporting, and inventory management.

Product overview

Lincsafe is a cash payment solutions company that designs, develops, produces, and maintains smart physical payment solutions including Smart Safes, Cash Recyclers, Self-Service payment terminals, and Custom-built solutions. The product portfolio centers around The Portal software platform which connects all Lincsafe hardware devices for real-time monitoring, reporting, and cash inventory management. Smart Safe products include DepositMini (600 notes), DepositPRO and DepositPRO-cen (1200 notes), DepositDUO (dual cassette), DepositPLUS (high-speed), and custom DepositPRO-AH for Albert Heijn. Cash Recycler products include RecyclerMAX for high-capacity back-office recycling. Self-Service products include Lincstation (closed cash drawer), LincstationPLUS (payment terminal), LincstationCD/MIA (coin deposit), and LincstationCI/MUA (coin roll dispenser). Custom solutions include The BOX (Starbucks), Money Changer (casino PIN changer), and PAYstation/Betaal Kiosk (government bill payment kiosk).

Differentiator

Problem solved

Functional benefit

Brands

• Lincsafe Portal: In-house developed portal providing dashboard, reporting, and inventory management for Lincsafe devices
• LincstationCD
• LincstationCI

Products and services

• The Portal (Lincsafe Portal) Cloud-based software platform that connects all Lincsafe devices, providing dashboard monitoring, reporting, user management, and inventory management for cash across locations in real-time, with encrypted SSD storage and remote access for monitoring, updates, and fixes.
• DepositMini Small smart safe designed for installation at cash registers with 600 banknote capacity, touchscreen access, electronic lock, and automatic counterfeit detection for retail and hospitality sites such as cash registers.
• DepositPRO Smart safe for banknotes with 1200 capacity, available as Single Note Feeder and Bunch Note Feeder versions, with real-time monitoring and encrypted SSD storage for retail and enterprise cash deposit.
• DepositPRO-cen Smart safe with 1200 banknote capacity (2200 for XL version), available as Single Note Feeder or Bunch Note Feeder, with real-time transaction monitoring and CIT integration.
• DepositDUO Back-front office deposit safe with capacity of 2x1200 or 2x2200 banknotes for XL version, Grade 1 certified, available as SNF and BNF versions with optional dropsafe for dual-cassette banknote deposit.
• DepositPLUS High-speed, high-capacity banknote deposit safe designed for retail stores with high cash intake, counting and storing notes in closed cassettes.
• DepositPRO-AH Custom-built smart safe developed for Albert Heijn with 1200 banknote capacity, featuring single banknote reader and CIT-accessible display.
• RecyclerMAX High-capacity back-office cash recycler for banknotes and coins supporting retail automation of cash management processes, with 5x2400 banknote capacity and 25000 coin capacity for tills, top-ups, and end-of-day deposits.
• Lincstation First front-office Lincsafe device that can be serviced by CIT company in a closed loop solution; automatic closed cash register with 1500 coin and 600/1200 banknote capacity.
• LincstationPLUS Fully automatic self-service banknote and coin payment terminal placed beside card-only self-checkout devices, with 3000 coin and 1200 deposit/3000-6000 dispense banknote capacity.
• LincstationCD (MIA) Fully automatic self-service coin deposit machine where customers deposit euro coins to their account or to a pre-set charity, with built-in PIN terminal and POS printer.
• LincstationCI (MUA) Fully automatic self-service coin roll dispenser machine allowing customers to purchase up to 6 different coin rolls via PIN payment, designed for retail environments.
• The BOX Custom-built money safe for Starbucks with 1200 banknote and 500 coin capacity, extra coin roll storage, built-in printer, and storage for up to 4 tills.
• Money Changer PIN change machine converting banknotes to 3 types of coins and/or tokens with NFC contactless payment, smartphone or card checkout, featuring 10000 coin hopper capacity, customized for casino environments such as Hommerson Casino.
• PAYstation (Betaal Kiosk) Payment kiosk for bill payment and cash settlement featuring WiFi PIN pad, dual banknote readers, coin payment/dispensing, 4G modem, RFID reader, barcode scanner, and kiosk printer.

Quantifiable outcome

• More than 700 coin machines produced and deployed for Geldmaat between 2021-2022
• +1 more outcomes

Named customers14 records

Segments3 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

One partnership is on record.

• Brink'scoreStrategic or Co-development PartnerBrink's collaborated with Lincsafe on the development of MIA and MUA coin deposit and dispenser machines for Geldmaat. This partnership involved co-development of machines that were produced and deployed across the Netherlands.

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Diebold Nixdorf: Global provider of ATMs, cash recyclers, and connected commerce hardware for banking and retail. Directly competes with Lincsafe in smart safes, cash recyclers, and self-service cash management solutions across Europe and globally.
• NCR Atleos: ATM and self-service banking hardware spin-off of NCR. Overlaps with Lincsafe on cash deposit/withdrawal kiosks, self-service payment terminals, and bank branch cash management infrastructure.
• Glory Global Solutions: Japanese-headquartered manufacturer of cash recyclers, smart safes, and cash-handling automation. Closest direct competitor to Lincsafe's RecyclerMAX and Deposit product lines in retail and banking cash management.
• Gunnebo: Swedish provider of safe storage, cash management, and security solutions. Competes with Lincsafe in physical safes and bank-branch cash handling, especially across European banking customers.
• Tidel (a Trachte company): US-based manufacturer of smart safes and cash management solutions for retail and QSR. Directly comparable product portfolio to Lincsafe's DepositMini/DepositPRO/Lincstation range for cash-intensive retail environments.
• Volumatic: UK-based smart safe and cash management equipment provider. Similar mid-market positioning to Lincsafe, serving UK and European retail customers with closed-loop cash-handling solutions.
• Oberthur Cash Protection: French smart safe manufacturer focused on retail cash management and CIT-integrated closed-loop solutions. Direct competitor in the European retail smart safe market alongside Lincsafe.

Broad incumbents

• Loomis: Global cash-in-transit and cash management services company. While primarily a CIT operator, Loomis offers cash-handling technology and competes broadly with Lincsafe in the cash management value chain for retail and banking.
• Brink's: Global cash logistics and security services company. Although Lincsafe is a partner on the Geldmaat deployment, Brink's broader cash-management offering overlaps with Lincsafe's customer base and end-to-end value proposition.

Emerging players

• Sesami Cash Management Technologies: Software-focused cash management and orchestration platform for retail and banking. Competes with the Lincsafe Portal layer of the stack, especially as cash-management software increasingly decouples from proprietary hardware.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

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 Lincsafe