Coindrum

Founded in 2012, Coindrum Limited is based in Dublin, Ireland, and specializes in automated coin handling solutions.Coindrum specializes in innovative coin counting machines designed to streamline the process of managing excess coins for both businesses and consumers. Their core product enables users to deposit large quantities of coins without the need for manual counting, sorting, or bagging, effectively simplifying the coin exchange process. This service is particularly beneficial for retail establishments, vending machine operators, and consumers who frequently accumulate coins and seek a convenient way to convert them into usable currency. Coindrum's coin counting machines are deployed in various markets across Europe and North America, catering to a diverse clientele that includes retail chains, banking institutions, and individual consumers.Coindrum generates revenue through a combination of partnerships and direct transactions with clients, primarily involving the deployment of their coin counting machines in retail and commercial settings. The typical transaction structure includes agreements with retailers and businesses that utilize Coindrum’s machines, allowing them to offer coin exchange services to their customers. Revenue is derived from service fees associated with each transaction made through the machines, along with potential ongoing maintenance and support agreements. The company plans to enhance its product lineup with new models of coin counting machines, targeting a launch by mid-2024.

1. Seed

   Dec 21, 2023

   Amount

   $0.9M

   Investors

   Locked