Coinify Receives Multi-Million Venture Capital Funding
Danish company Coinify received a multi-million investment by SEED Capital, the largest early stage technology oriented venture fund in Denmark, and plans to become Europe's leading player in the digital currency market. According to their website, Coinify "makes it simple for anyone to become a part of the ever-growing Bitcoin ecosystem." They offer merchant accounts to accept Bitcoin payments and trading accounts to buy and sell Bitcoin (think of Bitpay and Bitstamp rolled into one). "With the investment and acquisitions, Coinify is now positioned to bring the empowering potential of....
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Swedish banking giant SEB Group and a Danish venture capital firm have invested $4m in Coinify, a digital currency payment processor based in Copenhagen. The Series A round included support from SEB as well as SEED Capital, an early-stage venture firm based in Denmark and an existing investor in the bitcoin startup. Launched in 2014, Coinify supports payments in 15 digital currencies. The startup said it plans to use the new funding to expand its payment and trade services from Europe into Asia, according to a statement. David Sonnek, SEB’s head of venture capital, said of the new....
Danish-based bitcoin company, Coinify, has attracted a new FinTech investor, helping to increase its blockchain payment services in Europe. After joining a $4 million Series A funding round, Swedish banking investor, Skandinaviska Enskilda Banken, also known as SEB, now owns part of Coinify. According to a report, board members from SEB will also be joining the bitcoin company with SEB’s Stefan Olofsson becoming one of the board of directors and Filip Petersson as the deputy director. SEB also has a voting share of 5 to 9.99 percent in Coinify. Blockchain Payments. Claiming to be the....
Swedish banking giant SEB has joined a $4 million Series A funding round for Danish blockchain payment service provider (bPSP) Coinify. SEB is a leading Nordic financial services group with operations in Denmark, Finland, Norway and Germany. It offers financial advice and a wide range of other financial services. Its venture capital arm was joined in the round by Seed Capital Denmark, the largest venture capital fund in Denmark for the pre-seed and seed segment with $320 million under management. Perfect fit for bank’s portfolio. Head of SEB Venture Capital, David Sonnek, says they really....
A bitcoin exchange named Coinify announced its plans to expand its operations to cover all 36 EU member states under the Single Euro Payments Area (SEPA). The goal of this SEPA project, which was launched in February 2014, is to improve the efficiency of cross-border payments and turn the fragmented national markets for euro payments into a single domestic one. With Coinify's expansion plans, the bitcoin exchange can use its services to make cross-border payments even cheaper as it offers 0% transaction fees. The latest round of investments from VCs could allow the company to achieve these....
Let me summarize the most significant happenings of the bitcoin market. 1 . Coinify the Leading European Digital Currency Platform. Coinify has managed to get a multi-million capital injection by Danish SEED Capital. It will ensure the continued positioning of Coinify, as Europe’s leading player in the digital currency market. The Company is trying to make it simple for anyone to become part of the ever-growing Bitcoin ecosystem. As the first Bitcoin Company, Coinify secures European venture capital investment to bring digital currencies to mainstream markets. 2. Coin Academy and the....