What Enginko does

Enginko SRL is an Italy-based IoT hardware and software company that designs, manufactures, and sells LoRaWAN sensors, cashless payment systems, and cloud management platforms for unattended retail, smart buildings, smart cities, agriculture, and industrial applications. Its core technology stack centers on long-range, low-power LoRaWAN connectivity paired with battery- and solar-powered multi-parameter sensors (including indoor air-quality, outdoor PM, waste-level, energy-meter, cold-chain, and weather-station devices) and a proprietary software layer comprising the NeemBUS cloud platform, the OctoPAS vending fleet management portal, and the SakurTRA digital payment application supporting Visa, Mastercard, American Express, UnionPay, ApplePay, GooglePay, Satispay, and Mifare-based cashless circuits. Universal interfaces such as Marte LAN and the MCF-LW13IO actuator enable retrofitting of any vending or laundry machine brand.

The company traces its operating history to predecessors mcf88 and RFtech, which merged in 2020 under the Enginko brand — combining 'Engineering' with 'Ginkgo Biloba' to signal engineering focus and resilience — and operates from a sales/administration office in Sozzago and an R&D/production facility in Schio. Revenue mechanics combine hardware sales (sensors, payment terminals, lockers, automatic cash registers) with subscription/recurring revenue from the NeemBUS and OctoPAS cloud platforms; pricing is not publicly disclosed and is handled through direct contact. The go-to-market is event-driven and channel-driven: Enginko participates in 6+ major European trade shows annually (SIDO Lyon, LoRaWAN Live Monaco, IoT Solutions World Congress, The Things Conference, Venditalia, ExpoDetergo) and sells through a documented distributor and partner network alongside direct enterprise sales.

Customer segments span vending operators, self-service laundry operators, building managers, municipalities, agricultural operators, industrial process owners, hospitality venues, carwash operators, and fitness centers. The company holds 10 registered trademarks covering its product family, is GDPR/CCPA compliant, and maintains active partnerships with the LoRa Alliance, Satispay, Davis Instruments, Mifare, and The Things Industries/LORIOT. No external funding, acquisitions, or named end-customer logos are disclosed in the available sources.

Name

Enginko

Legal name

Enginko SRL

Website

https://enginko.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

Enginko SRL is an Italian IoT company that designs LoRaWAN sensors, cashless payment systems, and cloud platforms (NeemBUS, OctoPAS, SakurTRA) for vending operators, self-service laundry, smart cities, building management, agriculture, and industrial customers across Europe.

Ownership category

akta.pro rank

Product category

Industrial IoT Sensors and Devices

NAICS

Automatic Environmental Control Manufacturing for Residential, Commercial, and Appliance Use (334512), Other Measuring and Controlling Device Manufacturing (334519)

SIC

Industrial & Commercial Fans & Blowers & Air Purifing Equip (3564), Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585)

akta.pro primary industry

Multi-Sensor Environmental Monitoring Hubs & Smart Home Integrations (HSAHAGAJ)

akta.pro secondary industries

Smart Climate & Air Quality (Thermostats, HVAC, Purifiers, IAQ Sensors) (HSAPAQAD), Building Automation & Controls (BAS/BMS) (HSAPAPAA), Smart Appliance & Energy Management Integration (HSAHADAG), Environmental Data Management Platforms (EHS/EMS, LIMS, ELN, Compliance Data Hubs) (EUAHAKAA)

Keywords

• LoRaWAN sensors
• IoT devices
• Cashless payments
• Vending solutions
• Smart city sensors

Headquarters

HQ city

Sozzago

HQ country

Italy

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. IoT Hardware Sales: Sale of LoRaWAN sensors, interfaces, actuators, and environmental monitoring devices for various industrial and commercial applications
2. Payment Systems: Cashless payment solutions including SakurTRA app, PoSTRA universal PoS reader, and LavTRA automatic cash machines for vending and laundry
3. Software Platforms: Cloud-based software platforms including NeemBUS for device control and OctoPAS for vending fleet management

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Enginko designs, develops, and manufactures LoRaWAN-based IoT sensors, cashless payment systems, and cloud management platforms for vending, laundry, smart city, agriculture, building, and industrial applications. Its portfolio includes multi-parameter environmental sensors, level/waste/weather/cold-chain sensors, industrial analog and Modbus interfaces, actuators, energy meters, the SakurTRA payment app, PoSTRA PoS reader, LavTRA self-service kiosks, and the NeemBUS/OctoPAS cloud platforms. The offering combines proprietary hardware with cloud software to enable remote monitoring, cashless transactions, and fleet management for B2B operators.

Product overview

Enginko is an IoT company that develops and manufactures LoRaWAN sensors, smart payment systems, and cloud platforms for vending, laundry, smart city, agriculture, and industrial applications. The product portfolio includes the SakurTRA digital payment app and PoSTRA universal PoS reader for cashless vending payments; the NeemBUS cloud platform and OctoPAS management portal for device and fleet management; a comprehensive range of LoRaWAN sensors including environmental (MCF-LW12CO2E, MCF-LW12TERPM), level (EGK-LW20W00, EGK-LW20L00), energy (MCF-LW12MET), and weather stations (MCF-LWWS00); industrial interfaces (MCF-LW06424, MCF-LW06010, MCF-LW06485); and the MCF-LW13IO actuator. The company also offers E2Locker modular lockers, LavTRA automatic cash registers for self-service laundry, and Marte/ulTRA interface systems for activation control.

Differentiator

Problem solved

Functional benefit

Brands

• SakurTRA®: Digital payment app for vending machines supporting multiple payment circuits including Visa, Mastercard, Maestro, American Express, UnionPay, ApplePay, GooglePay
• PoSTRA®
• OctoPAS®
• NeemBUS®
• Marte®
• LavTRA®
• E2Locker
• MCF-LW12CO2E
• EGK-LW22CCM
• EGK-LW20W00
• MCF-LW13IO
• MCF-LW06485
• ulTRA®

Products and services

• SakurTRA Digital Payment App Proprietary digital payment application for vending and self-service machines that enables cashless transactions through Visa, Mastercard, Maestro, American Express, UnionPay, ApplePay, GooglePay, and other circuits, with credit top-up via cash or traditional recharge. Target buyers are vending and laundry operators.
• PoSTRA Universal PoS Reader Universal contactless PoS reader supporting Tap&Go payments via major credit card circuits and mobile wallets, designed to simplify credit management for vending and self-service operators.
• NeemBUS Cloud Platform Proprietary cloud control platform that connects all Enginko devices, applications, statistical information, and payment systems for centralized management of IoT deployments. Target users are operators managing distributed IoT assets.
• OctoPAS Vending Fleet Portal Management portal for vending fleet operators offering detailed statistics, marketing management tools, and integration with third-party ERP and distributor software.
• E2Locker Modular Exchange Locker Modular locker system for 24-hour delivery and collection of laundry or other items, with smartphone notifications. Targeted at self-service laundry and vending operators.
• LavTRA Automatic Cash Registers Self-service payment kiosks (LavTRA7 and LavTRA13 variants) that handle payment, printing, and credit loading on any brand or model washing machine. Designed for self-service laundry operators.
• MCF-LW12CO2E Indoor Environmental Sensor LoRaWAN indoor environmental sensor measuring CO2, VOC, temperature, pressure, humidity, and luminosity with LED indicators for air quality visualization and minimum 4-year battery life. For building and facility managers.
• EGK-LW22CCM Cold Chain Monitoring Sensor

Quantifiable outcome

• 4+ year minimum battery life on environmental sensors
• +1 more outcomes

Segments9 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

Feature9 records

Partnerships

Three partnerships are on record, tiered core.

• LoRa AlliancecoreStrategic or Co-development PartnerActive member and participant in LoRa Alliance events. Enginko develops and sells LoRaWAN-compliant devices and participates in LoRaWAN World Expo, The Things Conference, and LoRaWAN Live events as an ecosystem member.
• SatispaycoreTechnology or IntegrationFirst company to implement Satispay payment integration on traditional vending machines, enabling mobile payment through the Satispay platform for vending transactions.
• MifarecoreTechnology or IntegrationHigh-security cashless payment systems using Mifare technology for vending and self-service applications.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Adeunis: French LoRaWAN/IoT device maker specializing in sensors, interfaces and modems for building, industry and smart-city use cases. Closely comparable catalog and target customer base to Enginko.
• Milesight: Global IoT vendor offering LoRaWAN sensors, gateways and devices for indoor air quality, smart buildings and industrial monitoring. Comparable multi-segment LoRaWAN portfolio to Enginko.
• Decentlab: Swiss manufacturer of LoRaWAN environmental sensors (air quality, weather, soil). Comparable multi-parameter environmental sensor offering to Enginko's MCF-LW12CO2E and MCF-LW12TERPM.
• TEKTELIC Communications: LoRaWAN-focused IoT vendor producing gateways, sensors and end-to-end solutions for smart buildings, cities and industry. Directly comparable to Enginko in the LoRaWAN environmental and industrial sensor category.
• MClimate: European provider of LoRaWAN-based indoor environmental quality monitors and building automation devices. Competes head-to-head with Enginko's indoor IAQ sensor line for smart-building accounts.
• Elsys: Swedish manufacturer of LoRaWAN sensors covering indoor climate, energy metering, leak detection and switch interfaces. Overlaps directly with Enginko's environmental, energy and I/O product ranges.

Emerging players

• Dragino: Open-source LoRaWAN hardware manufacturer offering gateways, sensors and modules. Competes on price in the LoRaWAN sensor market with comparable product categories to Enginko.

Broad incumbents

• NAYAX: Global leader in cashless payment, telemetry and management solutions for unattended retail (vending, kiosks, laundromats). Competes with Enginko's SakurTRA/PoSTRA/OctoPAS stack in the same vending vertical at much larger scale.
• Cantaloupe: US-listed provider of cashless payments, telemetry and fleet management for vending and unattended retail. A scaled incumbent offering overlapping payment and IoT functionality with Enginko's OctoPAS and SakurTRA.

Regional players

• SAT spa: Italian vending industry technology provider with payment systems, telemetry and management software for vending operators. Direct domestic competitor to Enginko's Italian vending payment and IoT business.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/enginko_com

Compliance2 records

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 Enginko