Swedish Banking Major SEB Invests to Co-own Coinify
Coinify, the Bitcoin payments solution company has raised investments from SEB, gets new directors on the board. Coinify, the Bitcoin company based out of Denmark has a new investor on board. The unusual investment is made by a major mainstream banking institution Skandinaviska Enskilda Banken, better known as SEB. The Swedish banking major now owns a part of Coinify, the Bitcoin-based payment solution company. The change in ownership pattern is available for verification on the Danish corporate database biq.dk. According to reports, the changes in the ownership also includes the addition....
Related News
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....
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....
At the Money20/20 Europe Conference last week, Coinify announced a partnership with iSignthis which will enable users to purchase Bitcoin on the Coinify platform via major credit cards. Through directly tying a user’s identity to transactions, the move signals a strong and legally compliant synergy, one which will likely prove to be a fantastic case study for the industry. As the Coinify press release read, “In a world first, identity will be able to be linked by end users to transactions, in order to meet AML/CTF regulations for customer due diligence and KYC.” The move to accept credit....
Coinify, a Denmark based Bitcoin payment processor has entered into a Payment Service Partnership agreement with PensoPay to provide secure, fraud-free payment settlements in fiat currency to its customers. With this partnership, Coinify has efficiently extended its distribution channel. The agreement, effective as of March 15, 2015 allows PensoPay to advertise and sell Coinify's solution along with their product. By including Coinify's Merchant Solution along with its POS and online payment gateway solutions, PensoPay can now offer its customer a seamless way to receive settlements in....