Bitcoin Payments Processor Coinify Expands to Europe with Acquisition
Bitcoin payments processor Coinify has been able to acquire is competition Coinzone, allowing it to expand its reach to the European market. Coinify is based in Denmark and has roughly 8,000 customers prior to the deal, which could bump it up to at least 10,000. According to Coinify CFO Visti Larsen, he purchase comes as his firm is seeking to shift its focus from acquiring individual merchants to payment service providers (PSPs). He shared that Coinfiy plans to replicate a model invoked by its US peer Bitnet by partnering with larger entities that provide bitcoin payments processing....
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Coinify has acquired competing Europe-based payments processor Coinzone as part of an undisclosed deal announced today. With the move, the Denmark-based company has expanded its merchant base to an estimated 10,000 actively monthly customers, up from 8,000 before the acquisition. Further, it has grown its employee base to 17, with the addition of Coinzone's sales staff. Coinify CFO Christian Visti Larsen indicated that the purchase comes as his firm is seeking to shift its focus from acquiring individual merchants to payment service providers (PSPs). He explained Coinify is seeking to....
"As the adoption of cryptocurrency payments gains momentum, the acquisition of Coinify brings a global payment infrastructure to Voyager's digital asset ecosystem," said Voyager co-founder and CEO Stephen Ehrlich. Crypto-asset trading firm Voyager Digital has arranged to purchase payments company Coinify in a deal worth $85 million in cash and stock.In a Monday announcement, Voyager said it would issue 5.1 million shares of its stock — worth roughly $70 million at the time of publication — as well as provide $15 million in cash to Coinify investors. The company said it would retain $5.5....
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 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 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....