Exhibit 21.1
List of Subsidiaries of CPI Card Group Inc.
Name of Subsidiary |
| State or Country of Incorporation or Organization |
CPI Card Group Inc. |
| Delaware |
CPI Acquisition, Inc. |
| Delaware |
CPI Card Group — Canada Inc. |
| Canada |
CPI Card Group — Indiana, Inc. |
| Indiana |
CPI Holding Co. |
| Colorado |
EFT Source, Inc. |
| Tennessee |
CPI Card Group — Minnesota, Inc. |
| Minnesota |
CPI Card Group — Europe Ltd. |
| England and Wales |
CPI Card Group — Nevada, Ltd. |
| California |
CPI Card Group — Petersfield Ltd. |
| England and Wales |
CPI Card Group — U.K., Ltd. |
| England and Wales |
Optiscan Graphics |
| England and Wales |
CPI Card Group — Colorado, Inc. |
| Colorado |