SBM Co., Ltd

SBM Co. , Ltd is a South Korean company specializing in advanced banknote counter and sorter machines, ensuring high reliability and accuracy for financial institutions and retail businesses in cash handling processes. Founded in 1997 in Anyang, South Korea, SBM Co. , Ltd focuses on developing advanced currency processing solutions.

The company has successfully completed 2 deals, and its latest funding round was a GROWTH round, raising USD 9. 80 mn from Excelsior Capital Asia, bringing the total amount raised to USD 9. 80 mn. The current CEO is Shigeki Kakutani.

SBM Co. , Ltd specializes in high-performance desktop banknote counter and sorter machines that are approved by central banks, enhancing the efficiency of cash management for banks, retail chains, and cash-handling services across Southeast Asia, Europe, and North America. These products address crucial challenges in currency handling, facilitating accurate and timely cash transactions while reducing labor costs. In the most recent year, 2015, SBM Co.

, Ltd reported revenues of USD 11,207,327 and an EBITDA of USD -2,297,867. The company generates its revenue primarily from B2B sales of its banknote counters and sorters, often accompanied by maintenance service agreements to ensure optimal machine performance. SBM Co. , Ltd is focused on expanding its product line with innovative banknote processing solutions slated for release in the upcoming year.

The company aims to penetrate new markets in Asia and Europe by the end of 2024. Recent funding will be utilized to support these initiatives as Excelsior Capital Asia has exited its stake, indicating a transition towards self-funding and growth expansion.