Valuation
$49.8M
2025 Revenue
$16.6M
Funding
$0
Team
151
Founded
1972
How MagTek grew MagTek to $16.6M revenue with a 151 person team in 2025.
Founded in 1972, MagTek is a leading manufacturer of electronic systems for the reliable issuance, reading, transmission, and security of cards, barcodes, checks, PINs, and identification documents. Leading with innovation and engineering excellence, MagTek is known for quality and dependability. Our hardware products include secure card reader/authenticators, Qwantum secure cards, token generators; EMV Contact Chip, EMV Contactless, barcode and NFC reading devices; encrypting check scanners, PIN pads, and credential personalization systems. These products all connect to Magensa, a MagTek owned gateway that offers businesses the ability to securely process transactions using authentication, encryption, tokenization, and non-static data. MagTek is headquartered in Seal Beach, CA, please visit www.magtek.com to learn more.
Last updated
MagTek Revenue
In 2025, MagTek's revenue reached $16.6M. Since its launch in 1972, MagTek has shown consistent revenue growth.
| Year | Milestone |
|---|---|
| 2025 | MagTek Hit $16.6m revenue in December 2025 |
| 1972 | Launched with $0 revenue |
MagTek Valuation, Funding Rounds
MagTek's most recent disclosed valuation is $49.8M.
MagTek is a bootstrapped Payment Card Issuance Software startup. Founded in 1972, MagTek has grown to $16.6M in revenue without raising any venture capital or outside funding.
As a self-funded Payment Card Issuance Software SaaS company, MagTek has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold |
|---|
MagTek Employees & Team Size
MagTek employs approximately 151 people as of 2026.
MagTek has 151 total employees in different roles and functions.
| Year | Milestone |
|---|---|
| 2025 | Reached 151 employees (December 2025) |
Customers
We do not have customer count information for MagTek yet.
Frequently Asked Questions about MagTek
What is MagTek's revenue?
MagTek generates $16.6M in revenue.
How much funding does MagTek have?
MagTek raised $0.
How many employees does MagTek have?
MagTek has 151 employees.
Where is MagTek headquarters?
MagTek is headquartered in Seal Beach, California, United States.
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Source Attribution
Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.
Company data last updated .