Muxunav, a Spanish engineering firm specializing in unattended payment systems, secured €400,000 in funding to enhance its market presence and technology development.

Target Information

Muxunav is a leading engineering firm based in Noain, Spain, specializing in the development of hardware and software for unattended payment systems. The company has experienced significant growth over the past three years, with revenues increasing from €88,000 in 2021 to €1.1 million by 2024. Muxunav has also expanded its workforce, tripling the number of employees to 15, all of whom hold high qualifications in their respective fields.

Recently, Muxunav successfully completed a funding round of €400,000, with the support of key financial institutions, including Sodena, Elkargi, and BBVA. This investment is expected to consolidate Muxunav's market position, enhance its technological development, and strengthen its expansion capabilities.

Industry Overview

The unattended payment systems industry has been steadily evolving in Spain, driven by the increasing demand for automated payment solutions across various sectors. With the rise of e-commerce and contactless payment methods, busine