FYGI Technologies
FYGI Technologies is a Norway-based software company providing cloud-based mobile self-checkout (Scan & Pay) and emergency backup POS solutions to retailers, enabling customers to scan and pay using their own smartphones without apps or hardware, with deployments in Norway and Sweden.
- Company typePrivate
- Founded2019
- HeadquartersMoss, Norway
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What FYGI Technologies does
FYGI Technologies (legally Fygi AS) is a privately held Norwegian software company headquartered in Moss, Norway, founded in 2019 with a headcount in the 11-50 range. The company builds cloud-based mobile self-service checkout and emergency point-of-sale software for the retail sector, and has disclosed no external funding, parent company, or revenue figures in available source material.
The company's core product is Fygi Scan & Pay, a mobile browser-based checkout solution in which customers use their own smartphones to scan a QR code and product barcodes and complete payment, eliminating the need for a dedicated app or installed hardware. Its secondary product, the Redundancy System (Emergency POS), is a cloud-based backup point-of-sale that activates during hacking, network failure, payment terminal downtime, or power outages to keep the retailer operational. Fygi also publishes an External REST API with three environments (Test, Demo, Production) and an MCP (Model Context Protocol) server at developers.fygi.io, supporting integration across stores, products, orders, customers, campaigns, categories, microshops, statistics, and Z-reports, and enabling AI-tool access into the platform. Supporting features include QR menu ordering, payment-provider-agnostic integrations, loyalty club integrations, white-label capability, and an analytics layer.
FYGI's revenue model is transaction-fee based on Scan & Pay usage, with go-to-market combining product-led growth (no-app/no-hardware friction), an API-first developer portal, and enterprise field sales anchored by a 15-minute demo booking flow. Customers span convenience retail (Reitan Convenience), Norwegian sports venues (Lillestrøm SK, Ranheim Football), bookstores (Norli AS), the Swedish payment provider Swish, unmanned retail (Pleasure), and event venues (Swedish International Horse Show), with primary operations in Norway and Sweden and listed market targets in Denmark, Finland, and the DACH region.
FYGI Technologies firmographics
Firmographics- Name
- FYGI Technologies
- Legal name
- Fygi AS
- Website
- https://fygi.io
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- FYGI Technologies is a Norway-based software company providing cloud-based mobile self-checkout (Scan & Pay) and emergency backup POS solutions to retailers, enabling customers to scan and pay using their own smartphones without apps or hardware, with deployments in Norway and Sweden.
- Ownership category
- akta.pro rank
FYGI Technologies industry classification
Industry- Product category
- Retail Checkout Software
- SIC
- Services-Prepackaged Software (7372), Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- POS Payment Software & Middleware (Terminal OS, Apps, Device Management) (FSAMADAC)
- akta.pro secondary industry
- POS-to-Online Unified Payments (Omnichannel Payments) (CRAFALAL)
Keywords
Where FYGI Technologies is headquartered
LocationHeadquarters
- HQ city
- Moss
- HQ country
- Norway
- HQ region
- Europe
Markets served
FYGI Technologies business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Scan & Pay Transaction Processing: Fygi generates revenue through transaction fees from the Scan & Pay mobile checkout solution used by retail customers. The platform processes payments through the customer's smartphone.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | — | Enterprise pricing - Custom quotes for retail businesses |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels5 records
FYGI Technologies product offering
Product offeringCore offering
FYGI Technologies develops and sells a cloud-based mobile self-service checkout platform called Fygi Scan & Pay, which lets shoppers scan product barcodes and pay with their own smartphones via a mobile browser portal, eliminating the need for app downloads or retailer hardware. The company also sells a Redundancy System (Emergency POS) that activates Scan & Pay as a backup checkout during hacking, network outages, payment-terminal downtime, or power failures, and offers an External REST API and MCP server for partner integrations.
Product overview
FYGI Technologies offers Fygi Scan & Pay as its primary mobile-based self-service checkout solution, enabling customers to scan products and pay using their smartphones without needing to download an app or use dedicated hardware. The Redundancy System (Emergency POS) functions as a backup security module for retailers during system failures. The FYGI External API enables third-party integrations across all core platform functions including stores, products, orders, and reporting. The product portfolio centers on eliminating checkout friction and providing operational resilience for retail environments.
Differentiator
Problem solved
Functional benefit
Brands
- Scan & Pay: Mobile-based self-service checkout solution using customer's smartphone - no app, no hardware required
- Emergency POS
Products and services
- Fygi Scan & Pay Mobile-based self-service checkout solution that lets shoppers scan product barcodes and pay through a mobile browser portal using their own smartphones, eliminating dedicated apps and retailer-installed hardware. Targeted at retail businesses such as convenience stores, bookstores, sports venues, and unmanned retail operators.
- Redundancy System (Emergency POS) Cloud-based emergency point-of-sale system that activates Fygi's Scan & Pay checkout when a retailer's primary POS is unavailable due to hacking, network outages, payment-terminal downtime, or power loss, providing business-continuity checkout for retailers.
- FYGI External API
Companies that use FYGI Technologies
Customer profileNamed customers9 records
Segments4 records
Ideal customer profiles4 records
FYGI Technologies technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability1 record
Feature7 records
FYGI Technologies partnerships and signals
Strategic signalScale indicators1 record
Recent moves6 records
Expansion highlights5 records
FYGI Technologies competitors and assessment
Company assessmentDirect peers
- Aisle Labs: Aisle Labs offers mobile self-checkout and scan-and-go solutions for retail and grocery, directly comparable to Fygi's Scan & Pay offering. Both compete on smartphone-based checkout without hardware installation.
- MishiPay: MishiPay provides mobile scan-and-go self-checkout for retailers using shoppers' smartphones, directly mirroring Fygi's Scan & Pay value proposition and target verticals. Both compete on eliminating queues and avoiding hardware investment.
- Zippin: Zippin offers AI-powered checkoutless retail technology for convenience and grocery formats, overlapping with Fygi's unmanned retail use cases. Both target frictionless checkout and operate in the same retail self-service category.
- Standard AI: Standard AI delivers AI-powered autonomous checkout for retailers, targeting similar frictionless in-store shopping experiences as Fygi's Scan & Pay. Both compete for retailer mindshare on next-generation checkout formats.
- Trigo: Trigo builds computer-vision checkout-free stores for grocery and retail, directly competing for the same frictionless checkout opportunity Fygi addresses. Both pursue the unmanned retail thesis with overlapping enterprise retail customers.
- Mashgin: Mashgin provides AI-driven self-checkout kiosks for convenience stores, sports venues and retail — overlapping with Fygi's sports, convenience and event use cases. Both eliminate checkout friction for high-volume retail environments.
Broad incumbents
- NCR Voyix: NCR Voyix is a large enterprise retail technology provider covering POS, payments and store operations, competing for Fygi's enterprise retail segment. Its scale and existing retailer relationships represent a structural competitive threat.
- Square (Block): Square provides integrated POS hardware and software widely used by small and mid-market retailers, representing the broader incumbent Fygi competes against for retailer wallet share. Square's ecosystem breadth contrasts with Fygi's software-only niche.
- Toast: Toast provides integrated POS and payments for restaurants and food retail, overlapping with Fygi's QR menu ordering and convenience/food-service use cases. Toast represents an incumbent alternative for food-adjacent retail formats.
- Lightspeed Commerce: Lightspeed offers retail and restaurant POS platforms with omnichannel commerce capabilities, competing for the same mid-market and enterprise retailers Fygi targets. Lightspeed's established footprint and feature breadth make it a primary competitive incumbent.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
FYGI Technologies social profiles
Digital presenceFYGI Technologies financial estimates
Financial estimateRevenue estimate
Valuation estimate
FYGI Technologies leadership team
Management profileNumber of profiles
Profiles1 record
FYGI Technologies funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
FYGI Technologies M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about FYGI Technologies
What does FYGI Technologies do?
FYGI Technologies develops and sells a cloud-based mobile self-service checkout platform called Fygi Scan & Pay, which lets shoppers scan product barcodes and pay with their own smartphones via a mobile browser portal, eliminating the need for app downloads or retailer hardware. The company also sells a Redundancy System (Emergency POS) that activates Scan & Pay as a backup checkout during hacking, network outages, payment-terminal downtime, or power failures, and offers an External REST API and MCP server for partner integrations.
Is FYGI Technologies a public or private company?
FYGI Technologies is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was FYGI Technologies founded?
FYGI Technologies was founded in 2019. It employs 11 to 50 people.
Where is FYGI Technologies based?
FYGI Technologies is headquartered in Moss, Norway, in the Europe region.
How does FYGI Technologies make money?
One revenue line is on record: scan & Pay Transaction Processing.
Who are FYGI Technologies's main competitors?
Direct peers on record are Aisle Labs, MishiPay, Zippin, Standard AI, Trigo and Mashgin. Broad incumbents are NCR Voyix, Square (Block), Toast and Lightspeed Commerce.
Does FYGI Technologies have an API?
Yes. FYGI External API provides REST endpoints for external integrations. The API supports operations across multiple domains including: Age Groups, Age Group Codes, Campaigns, Categories, Customer Details, Discount Codes, Microshops, Orders, Products, Reports (Z-reports), Statistics (Revenue), Stores, and Users. Authentication uses Authorization key (http_api_key). The API is documented via OpenAPI specifications (JSON and YAML) and supports three environments: Test (http://test.api.fygi.store), Demo (https://demo.api.fygi.store), and Production (https://api.fygi.store). An MCP (Model Context Protocol) server is available at https://developers.fygi.io/mcp for AI tool integrations. Developer documentation is at developers.fygi.io.
What industry is FYGI Technologies in?
FYGI Technologies's product category is Retail Checkout Software. Its primary akta.pro industry code is FSAMADAC, POS Payment Software & Middleware (Terminal OS, Apps, Device Management), with a secondary code of CRAFALAL, POS-to-Online Unified Payments (Omnichannel Payments). Its SIC code is 7372.