Feerica

What Feerica does

Feerica, S.A. is a Portuguese specialty security technology company founded in 1982 and headquartered in Mafra, Portugal, focused on intelligent cash-protection solutions for commercial banks, ATM deployers, and Cash-in-Transit (CIT) operators. The company's core platform is its proprietary SmartStain Intelligent Banknote Neutralization System (IBNS), which uses indelible ink technology (sourced from SICPA and enhanced with proprietary forensic markers) to permanently stain banknotes during physical attacks, combined with the patented SmartDoor security barrier, SmartFence logical-attack protection, and SmartBox/SmartBag/Meta Cases transport-security portfolio. All deployed assets can be monitored in real time through the ON-Smart web portal, which provides GPS tracking, incident management, and audit capabilities. The company complements this cash-protection line with bank-branch security equipment (anti-skimming card readers, security doors, transfer trays, cash-deposit machines) and retail-protection products (banknote detectors/counters, coin sorters, CyberLock electronic access, turnstiles). Feerica's technology is certified and compatible with all major ATM manufacturers (NCR, Diebold Nixdorf, Hyosung, KEBA, Glory, GRG Banking) and supports nearly 30 cassette types.

Feerica operates a B2B enterprise business model with three revenue streams: (1) hardware sales of IBNS cassettes, transport cases, security doors, card readers, and related equipment; (2) subscription-based software and monitoring services via the ON-Smart web portal; and (3) lifetime technical support and maintenance services. Go-to-market combines direct enterprise field sales targeting financial institutions and CIT operators globally with a network of approved service partners across Europe, Americas, Africa, and Asia-Pacific. The company holds ISO 9001:2015 (Bureau Veritas), CNPP France, and Banco de Portugal certifications, and is a member of ATMIA, EAST (EGAP), ATM Security Association, and APSAI. Approximately 300 specialized professionals serve a customer base that includes Tier-1 CIT operators (Brink's, Prosegur, Loomis) and major banks (Millennium BCP, Santander, BBVA, Barclays, Banco do Brasil, CGD, Banco de Portugal, Banco Sabadell, BROU Uruguay), with 62,000+ SmartStain cassettes and 20,000+ ATMs deployed across 34 countries.

Recent strategic activity includes the July 2024 opening of a South Africa office, a February 2024 founding-partner stake in Denária (a digital payments and cash management platform), and the continued rollout of new product lines such as SmartFence and the SmartBox TL Series. The company is privately held, founder-led (Nuno Abrantes as Co-founder and Director General since 1993), and operates additional facilities in Ramalhal (R&D) and Santo Tirso (Northern delegation) in Portugal.

Name

Feerica

Legal name

Feerica, S.A.

Website

https://feerica.com

Company type

Private

Founded year

1982

Operating status

Operating

Headcount range

51–100 employees

Short description

Feerica is a Portuguese security technology company that provides Intelligent Banknote Neutralization Systems (IBNS), CIT transport protection, and bank-branch security equipment to commercial banks, CIT operators, and ATM deployers across 34 countries.

Ownership category

akta.pro rank

Product category

Cash Security Equipment & ATM Protection Solutions

NAICS

Security Systems Services (except Locksmiths) (561621)

akta.pro primary industry

CIT Equipment & Consumables (Cash Boxes, Seals, Smart Safes) (BPAKAIAL)

akta.pro secondary industry

Banknote & Cash-in-Transit (CIT) Services (BPAKAIAA)

Keywords

• Cash security equipment
• Banknote neutralization systems
• ATM protection solutions
• Cash-in-transit security
• Bank branch security

Headquarters

HQ city

Mafra

HQ country

Portugal

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Security Hardware Sales: Sale of physical security products including SmartStain IBNS systems, SmartBox transport cases, SmartBag E2E, security doors, card readers, and related equipment. Products are sold to banks, CIT operators, and ATM deployers.
2. Software and Monitoring Services: ON-Smart web portal provides online monitoring, GPS tracking, and system management capabilities. Subscription-based software services for real-time visibility and control of deployed security systems.
3. Technical Support and Maintenance: Lifetime support services including technical assistance, warranty claims, product lifecycle updates, and training support through exclusive web portal.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Feerica designs, manufactures, and sells physical security hardware and supporting monitoring software for ATM and cash-in-transit (CIT) protection. Its core offering is the SmartStain Intelligent Banknote Neutralization System (IBNS) ecosystem — indelible-ink cassette modules, the patented SmartDoor barrier, and SmartFence logical-attack protection — augmented by composite-material transport cases (SmartBox, SmartBag, Meta Cases) and the ON-Smart web monitoring portal. The company also sells bank-branch and retail protection equipment (security doors, anti-skimming card readers, transfer trays, banknote detectors, electronic locks, turnstiles).

Product overview

Feerica is a Portuguese security technology company (Fábrica de Equipamentos para Segurança e Inovação Industrial, SA) founded in 1982, specializing in intelligent cash protection and bank security solutions. The product portfolio centers on the SmartStain IBNS (Intelligent Banknote Neutralization System) ecosystem, which includes SmartStain ink-based banknote neutralization technology, the SmartDoor security barrier, SmartFence logical attack protection, and the SmartBox/SmartBag/Meta Cases transport protection systems—all managed through the ON-Smart web portal with GPS tracking. Complementing the cash protection line, Feerica offers bank branch security equipment (anti-skimming card readers, security doors, transfer trays, deposit machines) and retail protection products (banknote counters/detectors, coin sorters, CyberLock electronic access control, turnstiles). The company serves commercial banks, independent ATM deployers, and Cash-in-Transit operators across Europe, Latin America, Africa, and Asia-Pacific.

Differentiator

Problem solved

Functional benefit

Brands

• SmartStain: Intelligent Banknote Neutralization System (IBNS) technology for ATM protection, using ink to neutralize banknotes during attacks.
• SmartFence
• SmartBox
• SmartBag
• Meta Cases
• ON-Smart
• SmartDoor

Products and services

• SmartStain (IBNS) Intelligent Banknote Neutralization System (IBNS) that uses high-performance indelible ink (SICPA-approved) to permanently stain banknotes during physical attacks on ATMs, rendering stolen cash unusable. Comprises electronic ink modules installed in ATM cassettes plus the SmartDoor security barrier; guarantees 100% banknote neutralization with at least 20% stain coverage and zero false positive activations.
• SmartFence Proactive protection system against logical attacks on ATMs, including black box attacks, malware-based attacks, and unauthorized software manipulation. The system detects unauthorized operational behavior and prevents successful cash dispensing through integration with the SmartStain technology.
• SmartBox TL Series Lightweight, high-capacity cash transport cases designed for Cash-in-Transit operations. Combines advanced composite materials with SmartStain ink technology to neutralize banknotes during theft attempts. Available in 4 sizes; features ultra-low power consumption with 5-year battery life and GPS tracking integration with ON-Smart.
• SmartBag E2E End-to-end protection system for transporting ATM cassettes. Lightweight and flexible body accommodates 2, 3, or 4 cassettes and protects against shocks and impacts. Fully online solution with GPS tracker enabling remote monitoring through the ON-Smart web portal.
• Meta Cases (META) Robust cash transport cases approved by regulatory authorities and certified to carry up to 12,000 banknotes. Features indelible-ink protection and live 4G GPS tracking for comprehensive cash-movement security during road transit.
• ON-Smart Comprehensive online monitoring and management web portal for all Feerica security systems. Provides real-time GPS tracking, remote activation, operational visibility, incident management, and audit trails for end-to-end SmartStain and CIT operations. Includes SmartStain Observer for online management and control of cassettes and transport cases.
• Anti-Skimming Card Readers Anti-skimming card readers available in two models: MOD.1 frame-integrated vandal-resistant aluminum reader for door frames; MOD.2 standalone reader with RGB multi-line display showing card states and system status. Operating temperature range -5°C to +55°C. Used at bank branches and ATMs to prevent card-skimming fraud.
• Security Doors (DOOR-I-A and INOX) High-security entrance doors for bank branches and retail premises. DOOR-I-A provides Grade 3 intrusion resistance, fire protection, and thermal/acoustic insulation; INOX adds mechanical and electronic innovations for exterior installation on banks, pharmacies, and retail locations.
• Transfer Trays (Valeurs F1 and HS Series) Value-transfer systems for secure customer/employee handover at counters. F1 Series targets glass-facade applications with modular frame system and thermal/acoustic insulation; HS Series targets high-security areas with pass-through tray, bidirectional intercom, and safety glass.
• Perla Cash Deposit Machine Cash deposit machines for bank branches enabling secure customer cash deposits into the branch environment.
• Soldi Smart Pro Banknote Detector Banknote authenticity verification device that checks note validity in under one second. Features illuminated signal indicator, optional acoustic alerts for suspicious notes, adjustable ejection direction, multilingual display, and USB port for software updates.
• Banknote Counters Automatic banknote counting machines for retail cash-handling operations.
• Coin Counters and Sorters Automatic coin counting and sorting equipment for retail cash processing.
• CyberLock Electronic lock system that converts mechanical locks into high-security access-control systems. Uses programmable CyberKey and CyberAudit management software. No wired power or battery required in the locks themselves; power is supplied by the key. Supports over 200 cylinder types for doors, padlocks, containers, cabinets, and vending machines.
• Turnstiles Access-control turnstiles including motorized speed gates in stainless steel, high-panel motorized doors, arm turnstiles, and bidirectional tripod gates for retail and commercial building entrances.
• Lifetime Support Services Lifetime technical-support service for Feerica products including technical assistance, warranty claims, product lifecycle updates, training, and an exclusive web portal for customers.

Quantifiable outcome

• 100% banknote neutralization with minimum 20% stain coverage upon attack activation
• +4 more outcomes

Named customers13 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• ATM Manufacturers (NCR, Diebold Nixdorf, Hyosung, KEBA, Glory, GRG Banking)coreTechnology or IntegrationFeerica's SmartStain technology is certified and compatible with all major ATM manufacturers. The solution integrates with various ATM brands and cassette types without compromising distribution capacity or functionality. Nearly 30 cassette types are supported, with ability to add new configurations.
• SICPAcoreTechnology or IntegrationSwiss ink manufacturer providing industry-approved indelible inks for SmartStain IBNS systems. Feerica also adds proprietary forensic markers to products for enhanced traceability and investigation support.
• ATMIA (ATM Industry Association)coreOthersActive member and participant in ATMIA Europe and Emerging Markets conferences. Contributes to industry standards development and knowledge sharing.
• EAST (European Association for Secure Transactions)coreOthersMember of EAST Expert Group on ATM Physical Attacks (EGAP). Collaborates on attack trend analysis and security standards.
• ATM Security AssociationminorOthersIndustry association focused on ATM security standards and best practices.
• Millennium bcpcoreGTM or Marketing PartnerPrimary Portuguese banking partner that recognizes Feerica with PME and PME Excelência awards. Long-standing relationship supporting Feerica's business growth.
• Banco de PortugalcoreOthersPortugal's central bank; regulatory partner for cash security standards and certification.
• DenáriaminorStrategic or Co-development PartnerPlatform for which Feerica is a founding partner, related to digital payment and cash management solutions.
• Faculdade de Ciências e Tecnologia - Universidade NOVA de LisboaminorStrategic or Co-development PartnerAcademic partnership supporting merit scholarships for students in Micro and Nanotechnologies Engineering and Materials Engineering. Demonstrates commitment to talent development.

Scale indicators7 records

Recent moves9 records

Expansion highlights6 records

Broad incumbents

• Loomis: Swedish-listed global CIT operator and Feerica customer in Portugal, with growing investments in cash management technology that could overlap with Feerica's offerings.
• Diebold Nixdorf: Global ATM and banking technology manufacturer and Feerica integration partner. Its broad portfolio and scale make it a potential competitor in integrated ATM security offerings.
• Prosegur: Spain-based global security and CIT operator, simultaneously a Feerica customer and a competitor offering its own cash logistics and security technology portfolio.
• Brink's: Global CIT operator that is both a Feerica customer and a large-scale provider of cash-in-transit and cash management services, with growing proprietary security technology investments.
• NCR Atleos: Major ATM manufacturer spun out of NCR, with a large global installed base. While primarily an OEM partner of Feerica, it has the scale and customer reach to develop or integrate competing ATM security features.

Direct peers

• Gunnebo: Swedish-listed security group offering cash handling, safe deposit, and CIT security solutions. Competes with Feerica across bank branch security, cash transport protection, and ATM security product lines.
• Glory Ltd: Japan-based global leader in cash handling and IBNS technologies for banks and CIT operators. Competes with Feerica in cash recycling, banknote neutralization, and CIT equipment, and is also a Feerica integration partner.
• 3SI Security Systems: US-headquartered provider of Intelligent Banknote Neutralization Systems (IBNS) and security solutions for ATMs and financial institutions, with products that directly compete with Feerica's SmartStain line.
• SICPA (Cash Protection division, formerly Oberthur Cash Protection): Swiss-based SICPA acquired Oberthur Cash Protection, a leading IBNS provider, and also supplies the indelible inks Feerica uses. SICPA Cash Protection directly competes with Feerica in the IBNS market for ATMs and CIT.

Others

• De La Rue: UK-based provider of banknote security features, authentication, and identity solutions. Adjacent to Feerica in the cash security value chain, with overlapping relationships with central banks and commercial banks.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Smartstain

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

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 Feerica