The Company is a leading provider of software-based fiscalization and digital cash register solutions, operating within a regulated environment that mandates transaction reporting to government systems. Since launch, the Company has built a scalable, high-performance platform serving multiple sectors including retail, horeca, transportation, and enterprise clients. The business benefits from a mission-critical role in payment infrastructure, ensuring strong customer retention and recurring revenues.
Investment Highlights
- Marketleading position in a regulated fiscalization segment
- ~58,000 active installed units with strong growth momentum
- High recurring revenue visibility driven by compliance requirements
- Integrated ecosystem of software, cloud, and transaction services
- High switching costs and strong client lockin
- Strategic integrations with financial institutions and payment infrastructure
- Proven scalable SaaS + transactionbased model
Market Opportunity
- Total addressable market: ~230,000+ units
- Ongoing structural shift from hardware to software solutions
- Expansion into new verticals:
- Transportation services
- Vending and automated retail
- Banking terminal ecosystems
- Regulatory tailwinds ensure longterm demand and adoption
Products & Platform
The Company offers a full-stack fiscalization ecosystem, including:
- Softwarebased cash register solutions (crossplatform)
- Highload transaction processing system
- Cloudbased fiscalization services
- Warehouse & inventory management tools
- API integrations with thirdparty systems
- Payment and banking connectors
- Data analytics and reporting tools
Pipeline includes a next-generation billing and transaction management platform
Growth Strategy
- Expansion of installed base to 70,000+ units (nearterm)
- Launch of verticalspecific solutions
- Scaling integrations with banking and payment providers
- Expansion of partner and distribution network
- Monetization of cloud and valueadded services
Currency: USD
Target Price / Revenue: 1.17x
Target Price / EBITDA: 4.9x
