What CTCoin Danmark does

CTcoin A/S is a Danish privately held designer, developer, and manufacturer of bulk coin counting, sorting, and recycling technology, headquartered in Odense and founded in 1991. The company produces proprietary electromagnetic sensor (EMS) technology spanning OEM coin modules (Delta/Basic, Compac, SMARTconcept) and finished coin machines (Pelican, Zebra, CoinBank, CoinDepo, Penguin series) deployed across more than 50 countries in banking, retail, and OEM self-service applications. Its core IP includes patented sensor architectures with 16-parameter coin identification, a patented compact OEM module, and a next-generation digital bulk coin sensor (SMARTconcept) with an 800x more powerful processor, multi-coil configuration, and remote calibration capability.

The company generates revenue through three primary channels: OEM technology licensing and component/module sales to ATM, recycler, and kiosk manufacturers; direct and partner-led sales of finished coin counting and deposit machines; and Danish-market distribution of third-party cash handling brands (Glory, ARCA, Tellermate, CashDro, EWQ, Disko, Inkiss, Laurel, MGB/Robur, OCS). Go-to-market is partner-led, with a global network of distributors and OEM integrators supplemented by trade show presence at EuroCIS, EuroShop, and GITEX. CTcoin holds regulatory approvals from Deutsche Bundesbank, DG ECFIN under EU regulations 1338/2001 and 1210/2010, and the Chinese Central Bank, providing certified access to euro-zone and Chinese markets.

CTcoin has operated for more than 30 years as an independent, founder/management-owned entity with approximately 30+ employees, achieving the milestone of 25,000 Pelican units manufactured by May 2024. The company is currently transitioning from its V5 sensor platform to SMARTconcept, with new finished-goods products (CS1000, Pelican SMART) scheduled for commercial launch in early 2026.

Name

CTCoin Danmark

Legal name

CTcoin A/S

Website

https://ctcoin.com

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

1–10 employees

Short description

CTcoin A/S is a Danish privately held manufacturer of proprietary bulk coin counting, sorting, and recycling technology, serving banks, retailers, and OEM manufacturers of ATMs and self-service kiosks across more than 50 countries through its Pelican, CoinBank, and SMARTconcept platforms.

Ownership category

akta.pro rank

Product category

Coin Counting and Cash Handling Equipment

NAICS

Commercial and Service Industry Machinery Manufacturing (333310)

SIC

Electronic Components & Accessories (3670), Wholesale-Professional & Commercial Equipment & Supplies (5040)

akta.pro primary industry

Cash Drawers, Cash Handling & Coin/Bill Counters (HDACAKAE)

akta.pro secondary industries

Cash & Coin Processing / Cash Centers (FSAMAOAF), Coin & Currency Logistics (Mint-to-Bank Distribution) (BPAKAIAD)

Keywords

• Bulk coin counting
• Coin sorting technology
• Cash handling equipment
• Self-service coin deposit
• OEM coin modules

Headquarters

HQ city

Odense

HQ country

Denmark

HQ region

Europe

Offices2 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 (Finished Coin Machines): CTcoin generates revenue primarily from the sale of finished coin counting, sorting, and deposit machines (Pelican, Zebra, CoinBank, CoinDepo, Penguin series) and OEM coin technology modules (Delta/Basic, Compac). Products are sold directly through partners and indirectly through a global distribution network in 50+ countries.
2. OEM Coin Technology Licensing and Components: CTcoin licenses its coin sensor technology and provides coin counting/sorting modules to OEM manufacturers who embed the technology into their own products (ATMs, cash deposit systems, kiosks, vending, ticketing). Revenue is generated through component/module sales, technology licensing, and engineering consultancy services as part of a structured OEM procedure.
3. Distribution and Resale (Danish Market): CTcoin A/S acts as the official Danish distributor for multiple global cash handling equipment brands (Glory Global Solutions, ARCA, Tellermate, CashDro, EWQ, Disko, Inkiss, Laurel, MGB/Robur, OCS Cash Management), reselling third-party products alongside its own products in the Danish market with a nationwide sales and service organization.
4. Accessories and Spare Parts: CTcoin generates recurring revenue from the sale of accessories including stands, CIT/operator cash boxes, coin tubing and bagging sets, external printers, and spare parts. Spare parts are available from day-to-day and the company publishes spare part manuals for easy ordering.

Go-to-market motion3 records

Distribution channels3 records

Marketing channels6 records

Core offering

CTcoin A/S designs, develops, manufactures, and globally distributes bulk coin counting, sorting, and recycling equipment. The product portfolio spans OEM coin sensor modules (Delta/Basic, Compac, SMARTconcept) embedded in third-party machines, table-top coin counters (Pelican, Zebra), and self-service coin deposit systems (CoinBank, CoinDepo, Penguin). The company also acts as the authorized Danish distributor for several international cash handling brands (Glory, ARCA, Tellermate, CashDro, etc.) serving the Danish banking and retail sectors.

Differentiator

Problem solved

Functional benefit

Brands

• CoinBank: Self-service coin deposit systems for financial institutions - high volume large capacity machines designed for banking environments
• CoinDepo
• Pelican
• Zebra
• Penguin
• SMARTconcept
• Compac
• Delta/Basic
• Zenzation

Products and services

• SMARTconcept The world's first digital bulk coin sensor and CTcoin's next-generation coin counting technology, providing 99.98% or better accuracy, speeds up to 5,000 coins per minute, multi-currency support (50+ currencies), counterfeit and foreign coin rejection, and remote software/calibration updates. Designed for OEMs and integrators building coin handling systems.
• Compac Series Patented compact OEM coin counting/sorting module, described as the smallest professional coin counter OEM module in the market (H:144mm x W:201mm x D:158mm). Counts 230-300 coins per minute, handles up to 20 coin denominations, sorts up to 8 denominations, rejects counterfeit and foreign coins, available for 50+ currencies. For ATM, cash deposit, recycler, ticketing, and self-service checkout integrations.
• Delta/Basic Series OEM coin hopper units with coin bowl, pickup wheel, counting sensor, and reject solenoid function. Handles up to 20 different denominations with embedded real-time software for coin recognition, speed up to 1,100 coins per minute, with optional cleaning system and sorting into up to 9 outlets. Designed for OEM machine builders.
• Pelican Series (300 Series) High-quality table-top mixed coin counters and sorters based on the rail principle, designed in collaboration with Bang & Olufsen designer David Lewis. 5th generation alloy sensor rejects foreign/counterfeit coins. Models include Pelican 301, 305 (5-denomination sorting), 309 (9-denomination sorting), 309 E (recount), and 309 ED (10 extra drawers). Speed up to 1,100 coins/minute with 30% noise reduction versus prior generations.
• Zebra Series Coin counting and sorting machines with larger capacity and integrated inspection tray with cleaning system, featuring improved reject function for foreign coins and tokens. Models include Zebra 301, 305 (5-denomination sorting), 309 (9-outlet sorting), 309 E (escrow), and 309 ED. Counts up to 1,100 coins/minute.
• CoinBank 800 Series High-volume self-service coin deposit systems designed for financial institutions and larger retailers, featuring integrated LED lighting panel, 7-inch touch screen, 3-point locking, and intelligent design. Models include CoinBank 801 (mixed counting), 809 (up to 9 denominations), 828 (8 consecutive bags), with rear-load and thru-the-wall options and Auto Calibration System.
• CoinDepo 400 Series Self-service coin deposit machines designed for retail environments with a compact footprint for visible central placement. Vandal-proof user-friendly design, rejection of foreign/counterfeit coins, optional cash-change fee, and in-store spending assurance on deposited amounts.
• Penguin 700 Series High-speed coin counting machines with extremely low noise, designed by David Lewis of Bang & Olufsen. 5th generation alloy sensor technology, 7-inch touch screen, 24-volt operation, USB connection, and patented hopper cleaning system. Models include Penguin 709 (9-bag sorting) and 728 (8-bag non-sorting).
• Communication Module Optional module built into CTcoin machines with V5 sensor technology and ONE software platform. Transmits ID data from card or barcode scanners together with transaction and event data in XML format via USB, LAN, or WiFi. Supports real-time online status for monitoring systems.
• Accessories and Spare Parts Comprehensive range of coin handling accessories including stands (for 300 series), CIT/operator cash boxes with self-closing lids (36-liter capacity), Track Sensor System for active sorting of same-diameter coins, coin tubing and bagging sets, external printers, special colors, multi-bagging systems, and spare parts (available day-to-day with published manuals).
• Note Counters Selection of note counters ranging from simple piece counters to mixed note counters and advanced fitness-detection units. Tried and tested for heavy-duty use in demanding environments worldwide.
• Danish Cash Handling Distribution CTcoin A/S's Danish Department serves as the official Danish distributor for cash handling equipment brands including Glory Global Solutions (Japan), ARCA (USA), Tellermate (UK), CashDro (Spain), EWQ (Finland), Disko (Netherlands), Inkiss (Germany), Laurel (Japan), MGB/Robur (Sweden), and OCS Cash Management (UK). Provides nationwide sales and service in Denmark.
• SmartSuite Desktop Application Unified desktop application designed specifically for SMARTconcept, used for demonstration, validation, machine configuration, coin set-up, and remote updating of SMARTconcept devices.

Quantifiable outcome

• 99.98% or better coin counting accuracy with SMARTconcept
• +5 more outcomes

Named customers4 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

Integration3 records

AI capability2 records

Feature6 records

Partnerships

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

• Jamaica Microfilm Inc. Co. Ltd., JamaicaminorChannel Partner/ Reseller/ Distributor · 10 August 2022Jamaica Microfilm Inc. Co. Ltd. is CTcoin's partner in Jamaica, expanding CTcoin's presence in the Caribbean and Central America. CTcoin conducted an on-site technical service seminar in Jamaica in September 2023.
• Albasha Group, JordanminorChannel Partner/ Reseller/ Distributor · 10 August 2022Albasha Group (Jordan) is CTcoin's partner in Jordan. A young company with experienced technical staff who received comprehensive product and technology training at CTcoin in March 2024. Expanding CTcoin's presence in the Middle East.
• LJ Inter Trade, South AfricacoreChannel Partner/ Reseller/ Distributor · 1 December 2017LJ Inter Trade (South Africa) was awarded CTcoin Partner of the Year 2016. The company distributes CTcoin products across South Africa and was recognized for outstanding partnership performance.
• Glory Global Solutions, JapancoreChannel Partner/ Reseller/ DistributorCTcoin A/S Danish Department acts as the official Danish distributor for Glory Global Solutions (Japan), marketing and servicing Glory's cash handling equipment and systems to Danish banks and retail sectors.
• ARCA, USAcoreChannel Partner/ Reseller/ DistributorCTcoin A/S Danish Department acts as the official Danish distributor for ARCA (USA), marketing and servicing ARCA's cash handling equipment and systems to Danish banks and retail sectors.
• Tellermate, UKcoreChannel Partner/ Reseller/ DistributorCTcoin A/S Danish Department acts as the official Danish distributor for Tellermate (UK), marketing and servicing their cash handling equipment and systems to Danish banks and retail sectors.
• CashDro, SpaincoreChannel Partner/ Reseller/ DistributorCTcoin A/S Danish Department acts as the official Danish distributor for CashDro (Spain), marketing and servicing their cash handling equipment and systems to Danish banks and retail sectors.
• EWQ, FinlandcoreChannel Partner/ Reseller/ DistributorCTcoin A/S Danish Department acts as the official Danish distributor for EWQ (Finland), marketing and servicing their cash handling equipment and systems to Danish banks and retail sectors.
• Disko, NetherlandscoreChannel Partner/ Reseller/ DistributorCTcoin A/S Danish Department acts as the official Danish distributor for Disko (Netherlands), marketing and servicing their cash handling equipment and systems to Danish banks and retail sectors.
• Inkiss, GermanycoreChannel Partner/ Reseller/ DistributorCTcoin A/S Danish Department acts as the official Danish distributor for Inkiss (Germany), marketing and servicing their cash handling equipment and systems to Danish banks and retail sectors.
• Laurel, JapancoreChannel Partner/ Reseller/ DistributorCTcoin A/S Danish Department acts as the official Danish distributor for Laurel (Japan), marketing and servicing their cash handling equipment and systems to Danish banks and retail sectors.
• MGB/Robur, SwedencoreChannel Partner/ Reseller/ DistributorCTcoin A/S Danish Department acts as the official Danish distributor for MGB/Robur (Sweden), marketing and servicing their cash handling equipment and systems to Danish banks and retail sectors.
• OCS Cash Management, UKcoreChannel Partner/ Reseller/ DistributorCTcoin A/S Danish Department acts as the official Danish distributor for OCS Cash Management (UK), marketing and servicing their cash handling equipment and systems to Danish banks and retail sectors.
• Magner Corporation of AmericaflagshipChannel Partner/ Reseller/ DistributorMagner Corporation of America is CTcoin's key distribution partner for North and South America. The partnership spans 25 years (since approximately 1993) and is based on mutual respect, friendship, and trust. Magner distributes CTcoin products and integrates CTcoin coin technologies into Magner's own products. Magner awarded CTcoin the Magner Supplier Award 2017. CTcoin CEO presented at Magner events, and Magner features CTcoin products in promotional videos.
• Innovation Fund DenmarkcoreStrategic or Co-development PartnerInnovation Fund Denmark co-funded the development of SMARTconcept, CTcoin's next-generation digital bulk coin sensor. The fund awarded state funding for the degree of innovation in the SMARTconcept project, recognizing its breakthrough technology in coin identification and counting.
• Bang & Olufsen Designer David LewiscoreStrategic or Co-development PartnerCTcoin collaborated with internationally renowned Bang & Olufsen designer David Lewis on product design. David Lewis designed the Penguin coin deposit machine series and contributed to the aesthetic design philosophy applied across CTcoin's product line, creating products with unique Scandinavian design combined with high functionality.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Tellermate: UK-based specialist in cash counting, reconciliation and cash management technology for retail and banking. Tellermate is a CTcoin Danish-distribution partner and directly competes in coin and note counting equipment.
• Magner Corporation of America: A leading North and South American money handling equipment manufacturer and CTcoin's flagship distribution partner for 25 years. Magner both resells CTcoin products and integrates CTcoin coin modules into its own ATMs and counters, making it a directly comparable coin/cash handling equipment maker.
• ARCA (ACS Solutions): US-based manufacturer of cash handling equipment including coin and note recyclers, self-service deposit systems and retail cash management solutions. ARCA is a CTcoin Danish distributor partner and directly competes in coin/cash handling equipment globally.
• Laurel Bank Machines: Japanese manufacturer of banknote and coin handling machines, currency counters and coin sorters. Laurel is a CTcoin Danish-market distribution partner and directly overlaps in coin counting and sorting equipment for banks and retail.
• CashDro: Spanish manufacturer of self-service coin and note deposit machines aimed at retail and banking customers. CashDro is a CTcoin partner in Denmark but directly competes in self-service coin deposit systems across Europe and Latin America.

Broad incumbents

• Suzo (formerly SUZOHAPP): Global provider of cash handling components and complete machines for gaming, retail, banking and vending, including coin acceptors, hoppers and sorters. Suzo competes broadly with CTcoin in OEM coin modules and finished coin handling equipment.
• Gunnebo: Swedish-listed security and cash handling group offering coin and note deposit systems, cash centers and CIT solutions to banks and retailers. Gunnebo is a broad incumbent in the cash handling space overlapping CTcoin's banking and retail self-service deposit business.
• Cummins Allison: US-established manufacturer of coin, currency and check processing equipment for banks, credit unions and retail. Cummins Allison competes with CTcoin in coin and banknote counting/sorting systems, particularly in North American banking and retail.
• Glory Global Solutions: Japan-headquartered global leader in cash handling, recycling and automated teller machinery. CTcoin's Danish department distributes Glory products in Denmark, and Glory competes with CTcoin in cash recycling/coin handling for banks and retail worldwide.

Regional players

• MGB / Robur Safe Deposit: Swedish cash handling and safe-deposit equipment maker serving Nordic banks and retail. MGB/Robur is a CTcoin Danish-market distribution partner and is a regional direct competitor in coin and cash handling equipment across Scandinavia.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/ctcoin-a-s

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 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 CTCoin Danmark