TrustSEC
TrustSEC is a Poland-based information security company that develops BIO-SLCOS, a proprietary biometric smartcard operating system with Match-on-Card authentication, licensing the OS and applets to OEMs and selling biometric smartcards, FIDO2 keys, and PKI tokens to government, banking, and enterprise customers across Europe and MEA.
- Company typePrivate
- Founded2016
- HeadquartersSzczecin, Poland
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What TrustSEC does
TrustSEC SP. Z O.O. is a Poland-headquartered (Szczecin) information security company founded in 2016 by Dr. Magdy Sharawy that develops proprietary biometric smartcard technology for government, banking, and enterprise customers. The company's core asset is BIO-SLCOS, an in-house developed smartcard operating system built on Java Card 3.0.4 and GlobalPlatform 2.2.1 standards, supporting Match-on-Card (MoC) biometric fingerprint authentication, FIDO2 CTAP 2.1, PKI, OTP, and CPACE payment applets, with hardware independence across Infineon (SLC38/CC EAL 6+) and Samsung secure elements and post-quantum cryptographic agility.
The product portfolio spans FIDO2 security keys and smartcards (including biometric variants), PKI tokens, biometric access control cards (TShield), OTP backends, CPACE payment applets, and mobile application protection (The Guardian), plus the December 2025-launched sustainable TRUSTSMART card. The business model combines four revenue streams: licensing of BIO-SLCOS and applets to OEM partners (Samsung, HID Global, CardLab, eSignus, Infineon), direct hardware sales of biometric smartcards and tokens, custom solution development for vertical-specific deployments, and a professional services arm offering offshore software outsourcing with 100+ IT professionals.
Go-to-market is enterprise field sales augmented by heavy trade-show presence (TRUSTECH, Identity Week, ID4Africa, Seamless Saudi Arabia, GITEX Europe), targeting primary verticals of government and public sector, banking and financial services, and enterprise/corporate customers, with secondary presence in healthcare, IoT/critical infrastructure, education, and cryptocurrency. The company operates from Poland (HQ) and Egypt (regional MEA office) with active presence in Kenya and Saudi Arabia, and holds GDPR, eIDAS 2.0, PSD2, and CC EAL 6+ alignment through its Infineon partnership. The supervisory board includes senior figures from Scytales AB, Timelex, and Telenor, lending regulatory and national-ID program expertise.
TrustSEC firmographics
Firmographics- Name
- TrustSEC
- Legal name
- Trustsec Sp. z o.o.
- Website
- https://trustsec.net
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- TrustSEC is a Poland-based information security company that develops BIO-SLCOS, a proprietary biometric smartcard operating system with Match-on-Card authentication, licensing the OS and applets to OEMs and selling biometric smartcards, FIDO2 keys, and PKI tokens to government, banking, and enterprise customers across Europe and MEA.
- Ownership category
- akta.pro rank
TrustSEC industry classification
Industry- Product category
- Cybersecurity Hardware and Software
- NAICS
- Custom Computer Programming Services (541511), Security Systems Services (except Locksmiths) (561621)
- akta.pro primary industry
- Device Identity & Certificate-Based Authentication (PKI) (BPAMAEAL)
- akta.pro secondary industries
- Secure ICs, Smart Cards & Trusted Hardware (HDAHAAAJ), Authorization & Permissions (delegation, allowances, capability-based access, session keys) (FSAPACAJ), Digital Identity, eKYC & Borrower Verification (Lending-Focused) (FSAGAHAF)
Keywords
Where TrustSEC is headquartered
LocationHeadquarters
- HQ city
- Szczecin
- HQ country
- Poland
- HQ region
- Europe
Offices2 records
Markets served
TrustSEC business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Supply Chain, Operations
Revenue model
- Smartcard OS and Applet Licensing: TrustSEC licenses its proprietary BIO-SLCOS operating system and applets (FIDO2, PKI, OTP, CPACE) to OEM partners, smartcard manufacturers, and hardware integrators. Revenue is generated through licensing fees, development/port fees, and per-unit royalties on deployed cards or tokens.
- Hardware Product Sales: Sale of biometric smartcards, FIDO2 security keys, PKI tokens, OTP devices, and biometric access control cards. Products are sold directly to enterprises, governments, and through OEM/channel partners who integrate or resell the hardware.
- Professional Services and Software Outsourcing: TrustSEC provides professional services including consulting, integration, testing, and offshore software development outsourcing. The company has 100+ IT professionals available for hire on full-time, part-time, or hourly basis, serving clients across multiple projects in authentication, identification, and payment systems.
- Custom Solution Development: Tailored development of biometric authentication platforms, identity wallets, enterprise access bundles, and eGov digital trust kits. Revenue derived from project-based engagements, customization fees, and SDK integration support for OEM partners.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Enterprise and Government Custom Solutions |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels6 records
TrustSEC product offering
Product offeringCore offering
TrustSEC develops and sells proprietary biometric smartcard operating systems (SLCOS and BIO-SLCOS), authentication and payment applets (FIDO2, PKI, OTP, CPACE), and biometric smartcard hardware products. Its BIO-SLCOS platform provides Match-on-Card biometric authentication, FIDO2 passwordless login, PKI token functionality, and post-quantum cryptography readiness, sold via licensing to OEMs and directly to enterprise, government, and banking customers.
Product overview
TrustSEC offers a comprehensive security solutions portfolio centered on its proprietary smartcard operating systems (SLCOS and BIO-SLCOS), which serve as the core platform for a wide range of hardware and software security products. The product lineup includes FIDO2 Security Keys and Smartcards (including biometric variants), PKI Tokens (with biometric and 2FA options), Biometric Access Control Cards, OTP solutions, and payment applets (CPACE). Services include professional outsourcing, penetration testing, Certificate Authority, and centralized authentication. Key partnerships include Samsung, HID Global, Infineon, and IDEX Biometrics. The 2025 TRUSTSMART product extends the portfolio with sustainable biometric authentication.
Differentiator
Problem solved
Functional benefit
Brands
- BIO-SLCOS: Proprietary biometric smartcard operating system with Match-on-Card technology and customizable applets (FIDO2, PKI, OTP)
- SLCOS
- TShield
- TRUSTSMART
- The Guardian
Products and services
- BIO-SLCOS Smartcard Operating System Proprietary biometric smartcard operating system based on Java Card 3.0.4 and GlobalPlatform 2.2.1, supporting Match-on-Card biometric authentication, FIDO2, PKI, OTP, and CPACE applets, with crypto-agility for post-quantum cryptography. Licensed to OEMs (Samsung, CardLab, eSignus) and deployed for government, banking, and enterprise use cases.
- FIDO2 Security Keys Multi-factor authentication tokens supporting the FIDO2 standard for passwordless login across devices and cloud platforms including Google, Facebook, Dropbox, Microsoft, Salesforce, GitHub, and Twitter. Available in multiple form factors including USB tokens.
- Biometric FIDO2 Smartcard FIDO2 smart card with integrated fingerprint sensor for biometric Match-on-Card authentication, providing multi-factor authentication combining something you have (card) with something you are (biometric). Supports both contact and NFC contactless interfaces.
- PKI Token
Quantifiable outcome
- 81% of data breaches stem from weak credentials (referenced in TrustSEC's biometric market analysis)
- +4 more outcomes
Companies that use TrustSEC
Customer profileNamed customers2 records
Segments8 records
Ideal customer profiles4 records
TrustSEC technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
AI capability2 records
Feature9 records
TrustSEC partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core and minor.
- HID GlobalcoreTrustSEC and HID Global formed a strategic partnership to develop the SAMSUNG One-Chip Bio Smart Card, combining TrustSEC's Java Card BIO SLCOS operating system with HID's Seos applet. This collaboration delivers a converged identity credential integrating physical access control, logical (IT) access, and on-card biometric authentication in a single chip. The solution targets high-assurance enterprise and government environments, providing instant deployment capability using existing HID reader infrastructure.
- Samsung ElectronicscoreSamsung One-Chip platform integration with TrustSEC's BIO-SLCOS operating system, forming the foundation for the SAMSUNG One-Chip Bio Smart Card. Over the first year of collaboration, OS architecture was optimized for faster biometric matching, reduced power consumption, and expanded SDK toolset. Multiple partner evaluations and pilots demonstrated platform readiness for real-world adoption across payments, access control, identity, and IoT security.
- Infineon Technologies AGcoreCooperation with Infineon to launch BIO-SLCOS on Infineon's SLC38 Secure Element platform. BIO-SLCOS runs on the latest generation of Infineon secure elements, providing a secured and open platform for government ID, payment, ticketing, and access applications. Infineon selected BIO-SLCOS for its latest SLC38 chipsets as a white-label OS option. The SLC38 family carries CC EAL 6+ certification.
- IDEX BiometricscorePartnership to bring biometric smart card solutions to market combining TrustSEC's smartcard module (OS and applets) with IDEX Biometrics' TrustedBio fingerprint sensor. The solution targets digital authentication for crypto hardware wallets, physical and logical access management for corporations, schools, and governments. Targeted for market release in Q1 2023.
- CardLab ApScorePartnership with CardLab to develop and deploy biometric smart card systems combining TrustSEC's BIO-SLCOS with CardLab's card manufacturing and integration capabilities. The collaboration supported the HASHWallet solution for eSignus, enabling biometric smart card-based hardware wallets for cryptocurrency and cryptoasset security.
- eSignuscorePartnership to deploy biometric authentication over the HASHWallet hardware cryptocurrency wallet, leveraging TrustSEC's Match-on-Card technology and CardLab's biometric card platform. eSignus provides the HASHWallet product leveraging TrustSEC's biometric smart card technology for secure cryptoasset protection.
- WibcardminorBooth partner at TRUSTECH Paris 2025, showcasing expertise in biometric access and authentication solutions at TrustSEC's exhibition booth.
- Ligna EnergyminorBooth partner at TRUSTECH Paris 2025, showcasing sustainable power solutions through bio-based, lithium-free supercapacitors for biometric smart card applications.
- Dongwoon AnatechminorBooth partner at TRUSTECH Paris 2025, contributing expertise in the scalable production of secure, biometric smartcards.
- Softlock Inc.coreTrustSEC acquired Softlock Inc. in 2020. Softlock had 25 years of experience providing information security solutions in the Middle East and developed the original SLCOS smartcard operating system. The acquisition combined Softlock's R&D expertise with TrustSec's professional supervision and market reach.
Scale indicators8 records
Recent moves6 records
Expansion highlights6 records
TrustSEC competitors and assessment
Company assessmentDirect peers
- HID Global: HID Global provides identity and access management products including biometric smartcards and converged physical/logical credentials (Seos, Crescendo). Despite being a strategic partner on the SAMSUNG One-Chip Bio Smart Card, HID's broader secure credential portfolio overlaps significantly with TrustSEC's biometric access card and PKI token offerings.
- Yubico: Yubico is the leading maker of FIDO2 hardware authentication keys (YubiKey) and biometric FIDO authenticators serving enterprise, consumer, and government markets. TrustSEC's Biometric FIDO2 Smartcard and FIDO2 security tokens target the same passwordless authentication demand and compete for enterprise MFA budgets.
- A.E.T. Europe: A.E.T. Europe B.V. is a Dutch-based secure authentication solutions provider focusing on user identification, authentication, and digital signatures — operating in very similar application areas and customer segments (BFSI, enterprise, government) to TrustSEC. Its MD (Reinoud Weijman) also sits on TrustSEC's board, evidencing direct competitive adjacency.
Regional players
- Veridos: Veridos is a German-led (Giesecke+Devrient/Bundesdruckerei joint venture) provider of government identity documents and secure credentials across Europe and MEA. TrustSEC targets similar sovereign national ID and eID programs where Veridos has deep incumbent relationships, making it a relevant regional competitor in EU/MEA tenders.
Broad incumbents
- Thales (Digital Identity & Security): Thales DIS (former Gemalto) is a dominant player in digital identity, biometric authentication, secure smartcards, PKI, and FIDO2-based authenticators, serving governments, banks, and enterprises globally. TrustSEC's BIO-SLCOS competes directly with Thales' smartcard platform offerings in identity and access use cases.
- IDEMIA: IDEMIA is one of the largest global digital identity and smartcard players, providing government ID, biometric authentication, and payment cards across banking and public sector. TrustSEC competes for similar BFSI and government ID mandates and operates against IDEMIA in FIDO2/biometric smartcard opportunities, though IDEMIA's portfolio is far broader.
- NXP Semiconductors: NXP supplies secure element chips (and historically offered its own smartcard OS) for government ID, payment, and IoT authentication. TrustSEC runs BIO-SLCOS on Infineon SLC platforms as a competing OS to NXP's chip-and-stack ecosystem, making them adjacent competitors in biometric smartcard hardware platforms.
Emerging players
- IDEX Biometrics: IDEX Biometrics is a fingerprint sensor specialist supplying sensors for biometric smartcards and payment cards. As a 2022 strategic partner and supplier to TrustSEC's biometric smartcard platform, IDEX is an adjacent technology player with direct overlap in biometric card design wins.
- Fingerprints: Fingerprints (FPC), a Swedish biometrics company, supplies fingerprint sensors used in biometric payment cards and access credentials. They are cited as a contributing sensor partner in TrustSEC's HASHWallet and biometric smartcard collaborations, making them an adjacent and partly competing supplier in the same biometric card markets.
- NEXT Biometrics: NEXT Biometrics is a fingerprint sensor and smartcard technology company, noted as TrustSEC's first biometric card collaboration partner (2019). Both companies compete for design wins in biometric smartcards, particularly in access control and government ID markets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
TrustSEC social profiles
Digital presenceTrustSEC compliance and trust
Trust signalCompliance6 records
TrustSEC financial estimates
Financial estimateRevenue estimate
Valuation estimate
TrustSEC leadership team
Management profileNumber of profiles
Profiles5 records
TrustSEC subsidiaries and ownership
Company hierarchySubsidiaries2 records
TrustSEC funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
TrustSEC 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 TrustSEC
What does TrustSEC do?
TrustSEC develops and sells proprietary biometric smartcard operating systems (SLCOS and BIO-SLCOS), authentication and payment applets (FIDO2, PKI, OTP, CPACE), and biometric smartcard hardware products. Its BIO-SLCOS platform provides Match-on-Card biometric authentication, FIDO2 passwordless login, PKI token functionality, and post-quantum cryptography readiness, sold via licensing to OEMs and directly to enterprise, government, and banking customers.
Is TrustSEC a public or private company?
TrustSEC is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was TrustSEC founded?
TrustSEC was founded in 2016. It employs 11 to 50 people.
Where is TrustSEC based?
TrustSEC is headquartered in Szczecin, Poland, in the Europe region.
How does TrustSEC make money?
Four revenue lines are on record. Smartcard OS and Applet Licensing is the primary driver. The others are hardware Product Sales, professional Services and Software Outsourcing and custom Solution Development.
Who are TrustSEC's main competitors?
Direct peers on record are HID Global, Yubico and A.E.T. Europe. Veridos is listed as a regional player. Broad incumbents are Thales (Digital Identity & Security), IDEMIA and NXP Semiconductors. Emerging players are IDEX Biometrics, Fingerprints and NEXT Biometrics.
Does TrustSEC have an API?
No public API is recorded for TrustSEC.
What industry is TrustSEC in?
TrustSEC's product category is Cybersecurity Hardware and Software. Its primary akta.pro industry code is BPAMAEAL, Device Identity & Certificate-Based Authentication (PKI), with a secondary code of HDAHAAAJ, Secure ICs, Smart Cards & Trusted Hardware. Its NAICS code is 541511.