Sicut

What Sicut does

Sicut (doing business as "Sicut sistemas e innovación") is a privately held Spanish technology company headquartered in Madrid at Avda. Real de Pinto, 26, 1º B, that designs and sells proprietary document reading and scanning hardware. Its product line consists of four core devices: the Lector Escaner K2 and K2 LAN readers, the Lector Escaner Bflat70 (double-sided high-speed scanning), the Lector Cheques Orion Classic cheque reader, and the Lector QR DNI Electronico MiDNI reader. All devices rely on Optical Character Recognition (OCR) and/or Radio-Frequency Identification (RFID) technologies to extract data from identity documents, passports, residence cards, and cheques, with LAN network connectivity offered on select models.

The company targets two B2B verticals: the banking sector, where it supports identity verification and cheque processing, and the hospitality sector, where it supports guest registration and identity document scanning. Customer acquisition is sales-led and direct, conducted via phone (00 34 91 564 24 04), email ([email protected]), and a website inquiry form; product specifications are delivered as PDF datasheets. Revenue is generated through direct hardware sales; pricing is not publicly disclosed and customers are directed to contact the company for quotes. The company maintains a minimal marketing presence, relying on its corporate website as the primary digital touchpoint.

No public funding rounds, ownership structure disclosures, management team details, patents, partnerships, or third-party certifications are available. The company is privately held with no parent entity disclosed. Its website references participation in the Catalan regional program "Aixeca el teu negoci" administered by Cambra Digital, indicating some engagement with public-sector business support initiatives, but operating geographies appear de facto limited to Spain despite a generic "Europe" market label.

Name

Sicut

Legal name

Sicut

Website

https://sicut.es

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

Sicut is a Madrid-based technology company that designs and sells OCR and RFID-enabled document readers and scanners for identity verification and cheque processing, primarily serving banking and hospitality clients in Spain.

Ownership category

akta.pro rank

Product category

Document Reading Hardware

SIC

Communications Equipment, Nec (3669)

akta.pro primary industry

Document Scanners (Sheetfed/Flatbed) (HDACAEAI)

akta.pro secondary industry

Card Readers & Authentication Tokens (Smart Card, NFC, OTP Keys) (HDACAFAK)

Keywords

• Document reader hardware
• OCR scanning technology
• RFID identity verification
• Banking document processing
• Hospitality ID scanning

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Hardware Sales - Document Readers and Scanners: Sicut generates revenue through the sale of proprietary document reading and scanning hardware devices including the k2, k2 LAN, Bflat70 readers, Orion Classic cheque reader, and electronic DNI/MiDNI QR reader. Products are sold directly to banking and hospitality clients requiring document processing and data extraction solutions.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Sicut designs, manufactures and sells proprietary document reader and scanner hardware that uses OCR and RFID technologies to capture data from identity documents, passports, residence cards and cheques. The portfolio includes the k2 and k2 LAN readers, the Bflat70 double-sided scanner, the Orion Classic cheque reader, and the MiDNI QR reader, sold primarily to banking and hospitality clients in Spain.

Product overview

Sicut is a technology company offering a portfolio of hardware document readers and scanners for the banking and hospitality sectors. The product lineup consists of four main devices: the Lector Escaner K2 and K2 LAN (with the LAN variant providing network connectivity), the Lector Escaner Bflat70 (featuring double-sided high-speed scanning), the Lector Cheques Orion Classic (specialized for check processing), and the Lector QR DNI Electronico MiDNI (for electronic identity document reading). All devices utilize OCR and/or RFID technology to read and extract data from identity documents, passports, residence cards, and checks, providing integral information system solutions that improve business management for clients.

Differentiator

Problem solved

Functional benefit

Products and services

• Lector Escaner k2 y k2 LAN Document reader and scanner device that reads and extracts data from identity documents, passports, residence cards and cheques using OCR and/or RFID technology. The k2 LAN variant adds LAN network connectivity for integration into client information systems. Sold to banking and hospitality clients in Spain.
• Lector Escaner Bflat70 Document reader and scanner device that reads and extracts data from identity documents, passports, residence cards and cheques using OCR and/or RFID technology, featuring double-sided scanning at high speed. Sold to banking and hospitality clients in Spain.
• Lector Cheques Orion Classic Specialized cheque reader device designed to scan and extract data from cheques using OCR technology. Targeted at banking-sector cheque processing workflows.
• Lector QR DNI Electrónico MiDNI QR code reader capable of reading the Spanish electronic National Identity Document (DNI electrónico / MiDNI) via QR code scanning. Used by banking and hospitality clients for Spanish identity document verification.

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature5 records

Recent moves5 records

Expansion highlights3 records

Broad incumbents

• IDEMIA: IDEMIA is a global leader in identity documents and verification, producing eID, biometric, and document-reading solutions. It addresses the same end customers as Sicut via integrated identity platforms, often at larger scale.
• Thales: Thales is a large identity and digital security provider with eID, ePassport, and identity-verification solutions including document readers. Competes with Sicut at the enterprise/government tier through broader platform offerings rather than standalone readers.
• Veridos: Veridos is a joint venture between Bundesdruckerei and Giesecke+Devrient providing eID and identity solutions, including document readers for border and government use. Comparable end-use cases to Sicut but at government-tier scale.

Emerging players

• Parascript: Parascript provides OCR and document-recognition software used in cheque and ID processing, overlapping Sicut's Orion Classic cheque-reading capability on the software/AI side. Adjacent to hardware readers and a potential technology partner or competitor.

Direct peers

• Regula: Regula is a global vendor of hardware document readers (passports, IDs, visas) and OCR/RFID reading technology with very similar core products to Sicut. Both serve banking, hospitality, and government identity-verification workflows with dedicated reader hardware.
• ARH Inc. ARH Inc. is a Hungarian vendor of document and ID readers (including passport scanners with OCR and RFID) sold into border control, banking, and hospitality. Highly comparable product mix and go-to-market approach to Sicut.
• Access-IS (HID Global): Access-IS (now part of HID Global) makes ID/passport/cheque readers used across banking, retail, and transportation. Direct overlap with Sicut's document reader portfolio, particularly in the banking and identity-verification segments.
• Desko: Desko is a German manufacturer of document scanners and readers for passports, IDs, and boarding passes, with strong presence in banking, hospitality, and airport check-in. Its product line directly overlaps Sicut's K2/Bflat70/MiDNI offering in form factor and use case.

Market position

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/sicut-1-sl

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 Sicut