MUXUNAV

Muxunav S.L. is a Spanish engineering company established in 2012 by its current CEO, Antonio Torres, who holds degrees in agricultural engineering and computer science. The firm specializes in retrofitting, a process that modernizes obsolete machinery by upgrading control elements to enhance performance. This focus led to the development of hardware and software solutions, primarily targeting the unattended machine sector. The company has demonstrated significant growth, reporting a tenfold increase in revenue over two years, reaching €800,000 in 2023 with projections of €1.5 million for 2024. Muxunav has received strategic investment from EIKA, a cooperative within the Mondragon Corporation, which is expected to accelerate growth and diversify its technological capabilities.

The company's flagship product, TELMARKT, is a modular hardware and software device designed to upgrade vending machines. It enables functionalities such as contactless payments via QR code—supporting credit cards, Bizum, Google Pay, and Apple Pay—telemetry for remote stock management, and real-time invoicing compliant with local fiscal regulations like TicketBAI. This system not only extends the operational life of older machines but also connects them to the internet via a multi-operator SIM, allowing for remote reboots and management. Beyond vending, Muxunav's technology is applied in sectors like laundromats, gaming, and service stations. The company has also developed LaKuenta, a digital payment system for freelancers and small businesses that turns a mobile phone into a point-of-sale terminal for QR code payments and automated invoicing, and an age verification application using a mobile's NFC sensor to read national ID cards.

Muxunav's business model centers on the sale and distribution of these electronic interfaces and software systems. The company serves vending machine operators, business owners, and freelancers, providing them with tools to digitize payments and operations. Initially focused on Spain, Muxunav has expanded its commercial reach to Germany and Austria and is now targeting Latin American markets, including Mexico, through a strategic agreement with Banco Inbursa. The company holds several patents for its technology and has received accolades such as the Seal of Excellence from the European Commission for TELMARKT.

Keywords: Muxunav, TELMARKT, vending machine retrofit, contactless payment systems, QR code payments, digital invoicing, unattended retail technology, Antonio Torres, IoT vending, smart vending solutions, payment systems, digital transformation, hardware development, software development, age verification technology, LaKuenta, machine-to-machine communication, telemetry, point-of-sale systems, fintech solutions, EIKA, Mondragon Corporation, TicketBAI, NFC technology