- Headquarters
- Switzerland (Zurich area inferred)
ECEX Group AG is a Swiss-based fintech company that designs and deploys automated cash-to-cash currency exchange solutions for high-traffic commercial environments. Founded in Switzerland, the company focuses on reducing manual handling of foreign currency by providing self-service kiosks and backend orchestration software for hotels, airports, transport hubs, and entertainment venues – including casinos and resorts. Its core value proposition is to offer guests instant, multi-currency cash exchange at transparent, dynamic rates while operators retain a share of the spread and eliminate the need for dedicated currency counters. The ECEX ecosystem comprises physical kiosks (standalone or countertop), a cloud-based management platform for rate adjustments and remote monitoring, and an API for integration with property management systems. While the company does not operate in the iGaming space directly, its solutions are increasingly deployed in casino cashier areas to handle patron currency exchange, positioning it as a peripheral technology provider to the regulated gambling industry. ECEX Group AG is privately held; its exact founding year and employee count are not publicly listed, but its leadership team is active on LinkedIn, and the company maintains a presence in Poland and Switzerland.
Detailed Review
ECEX Group AG operates at the intersection of physical cash handling and digital financial services. The company’s primary product is a range of automated currency exchange machines that accept multiple foreign banknotes and dispense local currency at real-time rates. These machines are designed to meet the compliance and security requirements of regulated environments, including anti-money laundering (AML) reporting and counterfeit detection. Beyond the hardware, ECEX provides a software-as-a-service platform that allows operators to remotely monitor machine status, adjust exchange margins, generate transaction reports, and push software updates. The company also offers white-label branding options so that hotels or casinos can present the kiosks under their own identity.
Business Model
ECEX’s business model is typically transaction-based: the operator shares a percentage of the exchange spread, or the kiosk is leased/sold outright. The company claims that its solution reduces queue times at hotel reception desks and eliminates the need for third-party exchange counters, thereby improving guest satisfaction and operational efficiency. A partnership announcement on Medium (2021) with Lightyears, a blockchain project, suggests that ECEX was exploring integration with digital payment rails, though current public information is limited.
Market Position
While ECEX Group AG does not develop gambling software or manage betting platforms, its technology is relevant to land-based casinos that handle significant volumes of foreign currency from international visitors. In that sense, it is a niche B2B supplier to the broader hospitality-and-gaming infrastructure. The company’s leadership includes Artem Shyshenko as CEO and “Hizii” as CTO (first name not publicly given); a Technical Manager for Poland, Artem Lukash, is also listed. No other C-level officers (CCO, COO, CFO) were found in credible sources. The company’s website is not publicly indexed; the LinkedIn page serves as the primary official presence.
Key Products
Ecex Exchange
Decentralised cryptocurrency exchange offering instant swaps, low fees, high limits, and non-custodial trading. Supports BTC, ETH, USDT, BUSD and many other tokens.
Automated Currency Exchange Kiosks
Self-service machines that accept multiple foreign banknotes and dispense local currency at real-time exchange rates, designed for hotels, airports, and casino cashier areas.
ECEX Management Platform
Cloud-based software for remote monitoring, rate configuration, transaction reporting, and AML compliance checks.
White-Label Solutions
Custom branding of kiosks and software for hotels or casinos to present the service under their own brand.
API Integration
Allows connection with property management systems (PMS) for seamless guest billing and reconciliation.