Top Swedish Bank Invests in Danish Blockchain Startup Coinify
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....
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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....
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....
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....
Swedish bank SEB will soon enable customers to make real-time transfers between accounts in Stockholm and New York. The new feature will be built using technology provided by distributed ledger startup Ripple, a San Francisco startup that specializes in enterprise cross-border applications. SEB said it plans to make the service live next year, which an eye for larger expansion thereafter. In statements, Paula da Silva, head of Transaction Services at SEB, expressed a desire to build connections with other banks and financial institutions as it seeks to use the technology more broadly in....
Coinify, a Danish bitcoin exchange and bitcoin payment processing platform is expanding its platform to all 36 EU member states under the Single Euro Payments Area (SEPA) including Monaco, Malta, Iceland and Croatia. The SEPA project was initiated in February of 2014, with an aim to make cross-border Euro transfers equivalent to a domestic transfer in a country. Exact description of the project is "To improve the efficiency of cross-border payments and turn the fragmented national markets for euro payments into a single domestic one." Coinify plans to expand its services to the countries....