Kurant

What Kurant does

Kurant GmbH is a Vienna-headquartered Bitcoin ATM operator founded in 2017 as a spin-off of Coinfinity GmbH, which had been operating Bitcoin ATMs since 2014. The company runs a network of over 320 cryptocurrency automated teller machines across Austria, Germany, and Spain, through wholly-owned subsidiaries Kurant Germany GmbH and Kurant Spain S.L. Its core offering consists of one-way (buy-only) and two-way (buy and sell) Bitcoin ATMs built on General Bytes hardware, with select locations supporting Lightning Network transactions for faster, lower-cost purchases. End customers are individual consumers seeking simple, cash-based access to Bitcoin without the friction of online exchange registration, while the go-to-market model relies on a B2B partner network that hosts ATMs at high-footfall retail venues.

Revenue is generated primarily through transaction fees, set at 7.9% for Bitcoin purchases and 4.0% for sales, with a reduced 3.9% fee for Lightning-based purchases (capped at €50 per transaction). Business partners—including MediaMarkt (all 56 Austrian stores), Österreichische Post AG branches, and ARBÖ automotive club locations—receive a commission share from transactions at their sites, while Kurant handles installation, operations, KYC/AML compliance (via Video-Ident from identity Trust Management AG), and customer support. The company is one of only four operators to hold FMA crypto registration in Austria (obtained January 2020) and, following January 2026 EU MiCAR regulatory changes, has transitioned its Austrian operations to partner FINTECH SK s.r.o. under the Bitcoinmat.org brand, with phased reactivation from 18 May 2026 and Kurant retained as partner. Kurant is privately held by parent company Coinfinity GmbH, with no external venture or private equity funding disclosed.

Name

Kurant

Legal name

Kurant GmbH

Website

https://at.kurant.net

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

1–10 employees

Short description

Kurant GmbH is a Vienna-based operator of over 320 Bitcoin ATMs across Austria, Germany, and Spain, serving individual consumers seeking cash-based crypto access through retail partners such as MediaMarkt, Österreichische Post, and ARBÖ.

Ownership category

akta.pro rank

Product category

Cryptocurrency ATM Services

SIC

Commodity Contracts Brokers & Dealers (6221), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

POS, QR & In-Person Acceptance Infrastructure (Crypto) (FSADAIAI)

akta.pro secondary industry

On/Off-Ramp Providers (Fiat↔Crypto) & Cash-In/Cash-Out Networks (FSADAIAE)

Keywords

• Bitcoin ATMs
• Cryptocurrency exchange
• Cash-to-crypto conversion
• Lightning Network transactions
• Crypto ATM services

Headquarters

HQ city

Vienna

HQ country

Austria

HQ region

Europe

Offices4 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Transaction Fees: Kurant charges transaction fees on Bitcoin purchases and sales at their ATMs. Standard fees are 7.9% for buying and 4.0% for selling per transaction. Lightning purchases have reduced fees of 3.9%. This is the primary revenue stream.
2. Partner Commission Sharing: Business partners hosting ATMs receive a commission share from the transactions occurring at their location. This incentivizes partner acquisition while Kurant retains the bulk of transaction fee revenue.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Kurant operates a network of physical Bitcoin ATMs across Austria, Germany, and Spain, enabling individuals to buy and sell Bitcoin with cash without needing an online exchange account. The company deploys one-way and two-way ATMs at partner retail locations including MediaMarkt, Österreichische Post, and ARBÖ, with transaction-based fees as the primary revenue model. Following EU MiCAR regulation, Austrian operations transitioned to a partner-branded Bitcoinmat.org service while Kurant remains an operational partner.

Product overview

Kurant operates a network of Bitcoin and cryptocurrency ATMs across Austria, Germany, and Spain, positioning itself as the European market leader. The core offering consists of One-Way ATMs (purchase-only) and Two-Way ATMs (purchase and sale), enabling users to exchange cash for cryptocurrency and vice versa. The service emphasizes accessibility for beginners without technical knowledge. A notable addition is Lightning Network-enabled Bitcoin purchases at select locations, offering faster transactions. Kurant also provides educational content through its German-language cryptocurrency book. Following the EU MiCAR regulation, Austrian operations transitioned to the Bitcoinmat.org sub-brand managed by partner FINTECH SK s.r.o., with Kurant remaining as a partner. The company operates over 300 ATM locations across retail partners including MediaMarkt (56 Austrian stores), the Austrian Post, and ARBÖ.

Differentiator

Problem solved

Functional benefit

Products and services

• Kurant Bitcoin ATMs Physical cryptocurrency automated teller machines (ATMs) that enable users to buy and sell Bitcoin and other cryptocurrencies with cash. Operates as a self-service kiosk connected to a crypto exchange backend, accepting euro banknotes and dispensing or receiving cryptocurrency to user wallets.
• One-Way Bitcoin ATMs Purchase-only Bitcoin ATMs that allow users to buy cryptocurrency with cash. Users insert banknotes and receive Bitcoin in their wallet. Does not support selling or withdrawing cryptocurrency.
• Two-Way Bitcoin ATMs Bi-directional Bitcoin ATMs that support both buying and selling of cryptocurrency with cash. Users can deposit cash to purchase Bitcoin or sell Bitcoin and receive cash payouts. Includes paper wallet printing capability for users without crypto wallets.
• Lightning Network Bitcoin Purchases Bitcoin purchase capability via the Lightning Network layer-2 protocol, enabling faster and lower-cost transactions. Available at selected pilot locations in Austria and Spain. Maximum purchase limit of €50 per transaction with reduced fees.

Quantifiable outcome

• 7.9% transaction fee for purchases vs 1.49% at Bitpanda or 0.10% at Binance
• +1 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature3 records

Partnerships

Seven partnerships are on record, tiered core, flagship and minor.

• FINTECH SK s.r.o. (Bitcoinmat.org)coreStrategic or Co-development Partner · 18 May 2026Partnership for MiCAR-compliant regulated operation of Bitcoin ATMs in Austria. FINTECH SK s.r.o. holds MiCAR authorization from National Bank of Slovakia (Authorization No. 100-001-029-760) and operates ATMs under Bitcoinmat.org brand. Kurant remains as partner while FINTECH SK handles regulated crypto-asset services. Partnership resumed May 18, 2026 after temporary suspension for licensing.
• CoinfinitycoreStrategic or Co-development PartnerParent company and technology partner. Coinfinity started Bitcoin ATM operations in 2014 and is one of Austria's oldest Bitcoin companies. Kurant was founded in 2017 as spin-off from Coinfinity. Coinfinity provides technological solutions and serves as parent company.
• General BytescoreTechnology or IntegrationHardware supplier of Bitcoin ATMs. General Bytes is Kurant's preferred supplier with years of reliable partnership. Shared values around 'Truth, Privacy and Freedom'.
• MediaMarktflagshipChannel Partner/ Reseller/ DistributorBitcoin ATMs installed in all 56 MediaMarkt stores across Austria as of September 2025. Partnership enables customers to purchase Bitcoin with cash in retail environment. Full customer service and telephone support provided by Kurant.
• Österreichische Post AGcoreChannel Partner/ Reseller/ DistributorAustria's leading logistics and postal service provider with extensive retail branch network. Kurant ATMs located at post offices in Wien, Salzburg, Villach, Innsbruck, Bregenz and other locations.
• ARBÖ (Auto-, Motor- und Radfahrerbund Österreichs)minorChannel Partner/ Reseller/ DistributorAustria's second-largest automotive club. Bitcoin ATMs at ARBÖ testing centers in Vienna (Donaustadt, Brünner Straße, West, Triester Straße). Partnership expanding to additional locations.
• identity Trust Management AGcoreTechnology or IntegrationProvides Video-Ident verification service for KYC compliance. Based in Düsseldorf, Germany. Data processed includes name, address, date of birth, nationality, ID document data, and video recordings. Data retained for 12 months total before deletion.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• ByteFederal: US Bitcoin ATM operator deploying cash-to-crypto kiosks in retail locations. Comparable on physical retail distribution strategy and cash-based transaction model.
• CoinFlip: One of the largest Bitcoin ATM operators globally, with thousands of ATMs across North America and expanding international presence. Comparable on product (cash-to-crypto ATM kiosks) and revenue model (transaction fees).
• Bitcoin Depot: Largest Bitcoin ATM operator in North America by number of kiosks, also expanding into select international markets. Comparable as a high-density Bitcoin ATM network with retail-partner distribution strategy.
• RockItCoin: US-based Bitcoin ATM operator with a network of cash-to-crypto kiosks. Directly comparable on product offering (Bitcoin ATMs), retail-location deployment, and transaction-fee monetization.
• Coinfinity GmbH: Kurant's parent company and one of Austria's oldest Bitcoin companies, operating Bitcoin ATMs since 2014. Comparable as a European Bitcoin ATM operator sharing leadership (Dr. Stefan Grill), technology stack, and regulatory infrastructure with Kurant.
• Localcoin: Canadian Bitcoin ATM operator with a growing North American kiosk footprint. Comparable as a regional cash-to-crypto ATM operator targeting retail consumers.
• Coinsource: US Bitcoin ATM operator focused on compliant cash-to-crypto transactions with regulatory registration in multiple states. Comparable on regulatory-driven operating model and cash-based retail customer segment.
• Bitomat: Polish Bitcoin ATM operator with a comparable in-person cash-to-crypto model across Central Europe. Directly comparable on product (Bitcoin ATMs), business model (transaction-fee), and target customer (cash-based retail buyers).
• Bitcoinmat.org (FINTECH SK s.r.o.): Slovak-registered, National Bank of Slovakia-authorized crypto-asset service provider operating Bitcoin ATMs across Europe. Directly comparable as a European Bitcoin ATM operator and is Kurant's MiCAR partner for Austrian operations.

Others

• BitAccess: Provider of Bitcoin ATM software and operational services to ATM operators globally. Comparable as an adjacent ecosystem participant enabling Bitcoin ATM deployment, similar to Kurant's reliance on General Bytes hardware.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/KURANT_ATM
• Facebookfacebook.com/kurantatm
• LinkedInlinkedin.com/company/kurantatm

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 Kurant