NoteMachine UK Ltd.

NoteMachine UK Ltd. is a provider of outsourced ATM and cash management solutions tailored for financial institutions and retailers, ensuring high reliability and operational efficiency in cash access services. Founded in 1978 and headquartered in the UK, NoteMachine UK Ltd. specializes in providing comprehensive ATM services.

The company has successfully pivoted its strategy to enhance cash management solutions since its inception. In October 2022, it secured USD 179 mn in funding from Brink's, Incorporated, indicating a strong investment interest. The founder’s history is not publicly available, nor are there details about prior companies. NoteMachine specializes in outsourced ATM and cash management solutions, focusing on installation, maintenance, cash management, and transaction processing.

The company operates over 15,000 ATMs across the UK and Europe, managing approximately 300,000 ATMs globally. With industry-leading reliability metrics such as 99. 9% host uptime and a 90% first-time fix rate, NoteMachine targets financial institutions and retailers with tailored services that enhance customer satisfaction. In the most recent financial year 2022, NoteMachine reported revenue of USD 204.

59 mn and an EBITDA of USD 58. 05 mn. The company generates income through service agreements and transaction processing fees, processing around 1 billion transactions annually, with capabilities of handling up to 10,000 transactions per second. Following the recent investment of USD 179 mn from Brink's, Incorporated in October 2022, NoteMachine plans to enhance its financial services capabilities across the market.

The funding will be utilized to expand its operational efficiency and bolster its ATM business solutions on a global scale. The company is also focusing on developing new products aimed at improving cash management and ATM services, aiming for market expansion within Europe and beyond in the coming years.