Accelerate ExpansionCoinify has previously been very active with acquisitions as a method for achieving growth. In September 2014, when the company secured a multi-million capital injection by SEED Capital and Accelerace Invest, Coinify unified consumer and merchant services by purchasing technologies and the customer base from the trade platform, Bitcoin Nordic, and merchant services pioneer, a Bitcoin Internet Payment System.
Christian Visti, CFO and Head of Strategy, Coinify says: “Coinzone’s established presence in Europe, especially in the most active countries of France, Germany, Spain, Italy and Romania, and the recent market entries in the U.K., the Czech Republic and Poland – is 100% in line with our strategy to accelerate the expansion in these important markets.”
Coinify is currently preparing for a series A investment to accelerate the expansion even further. “Coinify is taking the lead in the current battlefield with a strong belief that Coinify will be among the top players in the world dealing with cryptocurrency infrastructure for online merchants through a PSP tailored solution. The Coinify team has done an amazing job, pushing past milestones and achievements beyond our expectations”, says Richard Breiter, SEED Capital.
Business as UsualMark Højgaard, CEO, Coinify: “We welcome aboard Coinzone’s merchants and partners to Coinify, and will make sure that we continue the good work of Coinzone. Coinzone has done a remarkable job, especially considering its short time in the market.” The transition will take place in August. For all Coinzone merchants and partners, this means business as usual with additional products and offerings.
Coinzone outgoing CEO Manuel Heilmann added: “We reached out to Coinify as we believed that we could strengthen the position of a European-based Bitcoin provider. Coinify has a strong financial management team, supportive investors behind it, and together with the strong position that Coinzone has built over the last few years, we look forward to even more growth with Coinify.”
About CoinifyCoinify drives mainstream adoption of digital currencies, such as Bitcoin, for merchants and consumers. Merchants benefit from Coinify’s Payment Service (PSP), enabling free, instant settlements in a fraud-free and chargeback-free Bitcoin payment environment, while consumers get access to secure, one-click payments that reveal no sensitive information. Coinify is backed by a multi-million dollar capital injection from SEED Capital (funded by the Danish government) and Accelerace, and is the leading digital currency market player in Europe. For more information about Coinify, visit their profile within in KnowledgeBase.
About CoinzoneHeadquartered in the Netherlands, the Coinzone team has a combined 100+ years of experience in both international eCommerce and payments. Coinzone’s mission is as follows: to provide the best user experience that eliminates the geographic boundaries and complexities of payments by enabling businesses and individuals to easily transact with digital currencies.
Made in Europe, for Europe, its Bitcoin merchant payment gateway and point-of-sale (POS) platform is available in over a dozen languages and is tailored to each European market in which it operates. For further information visit: http://coinzone.com.