Name

VNE

Legal name

VNE S.p.A.

Website

https://vne.it

Company type

Public

Founded year

1977

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Automated Cash Handling Equipment and Payment Terminals

NAICS

Computer Terminal and Other Computer Peripheral Equipment Manufacturing (334118)

SIC

Computer Terminals (3575)

akta.pro primary industry

Video Lottery Terminals (VLTs) & Central Determination Systems (MPAEAJAB)

Keywords

• Cash handling equipment
• Automated payment terminals
• Banknote recyclers
• Self-service kiosks
• Change machines

Headquarters

HQ city

Seravezza

HQ country

Italy

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Hardware Sales: Sale of automated payment machines, cash handling equipment, payment terminals, and self-service kiosks. VNE offers over 30 different models across money changers, automated payment solutions, kiosks, and payment terminals.
2. Rental Services: Full-service rental operating through its own subsidiary company. Rental periods include 36 months, 60 months, and 96 months, with maintenance included in the monthly fee.
3. Maintenance Services: After-sales maintenance services offered as annual maintenance contracts for purchases or included in monthly rental fees. Includes telephone assistance, peripheral repair/replacement, and scheduled on-site interventions.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

VNE manufactures automated cash handling machines, payment terminals, and self-service kiosks for enterprises in gaming/betting, retail, vending, and hospitality. The company designs, develops, and produces 30+ product models entirely in-house across hardware design, software design, and assembly. Offerings include money changers, automated payment solutions, self-service kiosks, payment terminals for ticket/winnings/service payout, a cloud-based web app for device management, and a digital payment platform.

Product overview

VNE S.p.A. is an Italian manufacturer of automated cash handling and payment solutions, founded in 1977 and headquartered in Querceta, Italy. The company designs and manufactures over 30 automated payment devices organized into four main product categories: Money Changers (Mini Secure Change, Token Change, E-Change, King Change, King-Ko, Plus Change Basic) for converting banknotes to coins/tokens; Automated Payment Solutions (Mini Cash, Virtuo 2/4, VS4, Vertical Virtuo, 4Pay, and modular CASH 1-7 Series) for full payment processing with change dispensing; Self Service Kiosks (Buyboxx, Kiosk, Self Pay 27") for unattended retail environments; and Payment Terminals (Logiko, Supercharge, Plus Change series, Royal Cash, Centower, Logiko Online, Payboxx, Booking Machine) for gaming and betting venues. The company also provides complementary services including VNE Web App (cloud-based device management), VNE Pay (digital payment processing), purchase/rental options, and after-sales maintenance. VNE operates internationally with subsidiaries in Spain and Colombia, and became a publicly listed company (VNE SPA) on the Milan Stock Exchange Euronext segment in 2023.

Differentiator

Problem solved

Functional benefit

Brands

• VNE Pay: Digital payment platform for managing digital payments in automated contexts, accepting transactions via card, smartphone and app
• VNE Web App

Products and services

• Money Changers / Banknotes Changers (product family) Product family of simple, armoured and compact machines suitable for any type of location that change banknotes into coins quickly and efficiently or accept coins and return inserted banknotes in different denominations. Sold to enterprises in gaming, retail, vending, and hospitality.
• Automated Payment Solutions (product family) Product family of machines that manage the entire process of purchasing products or services, accepting payments via cash or card, returning change to customers, and issuing receipts. Sold to enterprise customers in retail and gaming.
• Self-Service Kiosks (product family) Product family of kiosks for cashless self-service purchases and payments, supporting both cash and card transactions, designed to improve efficiency and user experience in unattended retail environments. Sold to retail and vending operators.
• Payment Terminals (Tickets-Winnings-Services) (product family) Product family of machines integrated with casino platforms and gaming management software for seamless ticket, card, and currency management, including bill-breaking and coin/token change features. Sold to gaming operators.
• Mini Secure Change Compact coin/token change machine with reinforced column structure, managing one or two single denomination coin hoppers or multi-coin denomination hoppers. Features remote management via App with M2M chip and GPS tracking.
• Token Change Reinforced coin and token change machine with token dispenser mounted on front, enabling change of coins and banknotes into tokens with change dispensed in coins. Features G13 coin acceptor and two single coin hoppers.
• E-Change Armoured outdoor change machine that changes notes into coins and coins into other coins. Manages up to 3 single coil hoppers with weather protection and remote management via App with GPS tracking.
• King Change Medium capacity coin and note change machine accepting coins and notes with both coin and note dispensing capabilities. Features JCM iPRO banknote recycler and remote control via App.
• King-Ko Advanced PC-platform coin and note change machine with additional functions for purchasing products/services and loading/unloading online gaming accounts. Features 27'' monitor, card reader for ID recognition, and barcode reader.
• Plus Change Basic High capacity PC-based coin and note change machine with 15'' touch screen, electronic door control, operator badge recognition, and both coin and note dispensing capabilities.
• Mini Cash Most compact automated payment machine for small cash transaction volumes (up to 70 transactions per day). Features JCM Vega Pro Twin banknote recycler and ITL Smart Coin System.
• Virtuo 2 Cash register for small to medium cash volumes with one-by-one banknote acceptance and up to 2 banknote denominations for change. Features ITL Smart Coin System hopper.
• Virtuo 4 Cash register for medium cash volumes with one-by-one banknote acceptance and up to 4 banknote denominations. Features JCM UBA Pro RQ banknote recycler.
• VS4 Compact cash register for cash volumes up to 200 transactions per day. Features JCM UBA Pro RQ 4 denomination bulk spray payout banknote recycler.
• Vertical Virtuo Compact vertical cash register designed for small footprints with linear form factor integrating easily into any decor.
• 4Pay Automatic cash register for high cash volumes (up to 300 transactions per day). Features CPI CCR coin hopper, 4mm armoured cabinet, and bulk coin acceptance.
• CASH 1 Series (modular cash systems) Modular compact cash systems combining 4BV banknote module with MIX8 or ASA8 coin modules. Available in vertical, horizontal, or separated configurations.
• CASH 2 Series (modular cash systems) Modular cash systems combining 4BH horizontal banknote module with MIX8 or ASA8 coin modules. Designed for horizontal configurations saving vertical space.
• CASH 4 Series (modular cash systems) Modular cash systems accepting bundled banknotes with Fujitsu GSR50 4 denomination recycler, combined with efficient coin recyclers. Handles large flows of banknotes.
• CASH 5 Series (modular cash systems) High performance modular cash systems with Fujitsu GSR50 6 denomination banknote recycler, combined with powerful coin recyclers for large cash volumes.
• CASH 6 Series (modular cash systems) Modular automatic cash registers with floor-standing S-PAY banknote module (1500 notes stacker, 360 recycling) and powerful coin recyclers. Banknote module integrates into counter.
• Buyboxx Self-service kiosk for purchasing products with 27'' monitor, accepting both cash and cashless payments. Features ITL Smart Coin System and card reader.
• Kiosk Self-service kiosk with 32'' monitor for cashless purchases and payments with optional cash payment module. Can be floor-anchored, free-standing, or wall-mounted.
• Self Pay 27" Self-service payment kiosk with 27'' interface and 2.5mm armored steel cabinet. Supports banknote and coin acceptance with recycling.
• Self Pay 27" Cashless Cashless self-service payment kiosk with 27'' touch monitor, credit card payment device, and barcode/QR code reader. Installable on pedestal, free-standing, or wall-mounted.
• Logiko Compact PC-based terminal for handling money, tickets, cards and bets in gaming halls. Features 4 high speed rotary hoppers, up to 5 banknote denominations, currency exchange, and ATM functionality.
• Supercharge PC-based machine for cash handling, ticket redemption and player card management. Features 32'' touch screen, banknote recycling with 2 denominations, and dispensing up to 5 banknote denominations.
• Plus Change Medium-sized betting ticket payout machine with scanner stamper device, 3 coin denomination hoppers, and Fujitsu banknote dispenser with 2-5 denominations.
• Plus Change VLT Medium capacity VLT ticket change machine based on PC platform. Accepts bar coded tickets and dispenses coins and banknotes with 3 hoppers and up to 5 banknote denominations.
• Plus Change Salones Cash desk for Spanish gaming halls managing full money handling. Accepts bulk coins at 10 coins/second, features banknote recycler and dispenser with 5 drawers of 500 notes each, integrated with Spanish gaming/Jackpot platforms.
• Plus Change Solo Pago Betting cash desk for ticket payout with barcode reader. Features 4 single coin hoppers or 2 single plus 1 multi denomination hopper, and Fujitsu dispenser with 2-5 denominations.
• Royal Cash High capacity VLT ticket change machine (DELUXE model) with up to 8,000 banknote capacity via NMD100 dispenser, 4 coin hoppers, and currency exchange functionality.
• Centower Premium terminal with 43'' J-curved touch screen monitor for casino floors. Manages incoming banknotes/tickets, player card operations, and dispenses up to 4 banknote denominations with 12,000 note capacity.
• Logiko Online Super-compact terminal for user identification, service provision and payment acceptance. Features 10'' touch screen, coin acceptor NRI G13, and banknote recycler with 400 stacker/200 recycler.
• Payboxx Designer payment terminal with 27'' touch screen for service purchases, cash changes and payments. Features ITL multi-coin hopper and optional financial platform for gaming account management.
• Booking Machine Bookmaker machine for land-based betting with 24'' or 27'' touch screen. Provides booking or purchasing of bets, accepts vouchers and prints bets or unused vouchers.
• VNE Web App Cloud-based centralized management platform for complete control of VNE devices. Enables real-time monitoring, performance analysis, customizable notifications, reports, and remote operations (refills, withdrawals, door openings). Accessible via browser anywhere.
• VNE Pay Digital payment solution for automated contexts (self-service and retail) accepting card, smartphone, and app transactions. Integrates with all VNE devices and management software with 48-hour fund crediting.
• Purchase or Rental Service Flexible acquisition options including direct purchase with annual maintenance contract, or rental with 36/60/96 month terms including maintenance in monthly fee.
• Assistance and Maintenance Service After-sales support available 7 days a week including telephone assistance, peripheral repair/replacement, scheduled and on-demand on-site interventions. Available for both purchased and rented machines.

Quantifiable outcome

• Eliminates errors in disbursement of change and cash shortages
• +2 more outcomes

Named customers9 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Eight partnerships are on record, tiered core, major and strategic.

• VNE EspañacoreOthers · 1 January 2019Subsidiary company established in 2019 to serve the Spanish market with localized sales, service, and support for VNE products. Controls operations in Spain including integration with local gaming platforms.
• VNE ColombiacoreOthers · 1 January 2019Subsidiary company established in 2019 to serve the Colombian market with localized sales, service, and support for VNE products.
• SNAImajorChannel Partner/ Reseller/ DistributorMajor Italian gaming company listed as partner, distributing VNE payment terminals and cash handling solutions in the Italian gaming market.
• CoderemajorChannel Partner/ Reseller/ DistributorInternational gaming company listed as partner, distributing VNE payment solutions in markets where Codere operates.
• SisalmajorChannel Partner/ Reseller/ DistributorItalian gaming and betting company partner for VNE payment terminal distribution.
• ZucchettistrategicTechnology or IntegrationLeading Italian IT company partner for technology integration, providing software integration capabilities for VNE payment solutions.
• FujitsustrategicTechnology or IntegrationTechnology partner providing Fujitsu banknote dispensers (GSR50, F53) and recycling solutions used in VNE automated payment machines.
• JCMstrategicTechnology or IntegrationTechnology partner providing JCM banknote recyclers (iPRO, UBA Pro RQ, NMD100) and validators used across VNE product lines.

Scale indicators7 records

Recent moves17 records

Direct peers

• Glory Global Solutions: Glory is a leading global manufacturer of cash handling equipment (banknote recyclers, coin systems, cash management software). It directly competes with VNE across money changers, recyclers, and cash automation in retail, gaming, and vending — VNE's core markets.
• Crane Payment Innovations (CPI): Crane Payment Innovations produces banknote acceptors, coin validators, and cash handling subsystems. CPI's MEI brand also supplies VNE. CPI competes with VNE at the OEM component level and through its own integrated payment solutions.
• SuzoHapp: SuzoHapp provides cash handling components, payment devices, and monitor solutions for gaming, amusement, vending, and retail. Comparable to VNE across gaming/payment hardware product categories.
• JCM Global: JCM supplies the iPRO, Vega Pro Twin, UBA Pro RQ, and NMD100 banknote recyclers used across VNE's product lines. JCM also sells directly to gaming operators, making it a supplier-competitor hybrid comparable to VNE.
• Innovative Technology Ltd (ITL): ITL manufactures banknote validators and SMART Coin System used inside VNE machines. ITL is both a supplier and direct competitor in cash handling components and integrated payment devices.
• Cummins-Allison: Cummins-Allison is a US-based manufacturer of cash handling, coin and banknote processing, and currency-counting equipment. It competes directly with VNE's money changer and payment terminal portfolio in retail and self-service environments.

Broad incumbents

• Diebold Nixdorf: Diebold Nixdorf is a leading global provider of ATMs, self-service checkout, and POS solutions for banking and retail. Comparable to VNE in self-service and payment terminal categories but operates at far larger scale with broader geographic coverage.
• NCR Voyix: NCR Voyix is a global incumbent providing ATMs, self-service kiosks, and point-of-sale systems. Overlaps with VNE's self-service kiosk and automated payment solutions across retail and hospitality, though at much larger scale and breadth.

Regional players

• Azkoyen: Spanish manufacturer of payment systems, cash handling equipment, and vending machines. Direct competitor to VNE in the Iberian market, with similar focus on payment terminals and self-service solutions for retail and HORECA.

Emerging players

• Posiflex Technology: Posiflex manufactures POS terminals and self-service kiosks with growing presence in Europe. Comparable to VNE's automated payment and kiosk offerings but primarily focuses on POS hardware rather than cash recycler-integrated systems.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries2 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 VNE