What is Coinify?
Founded in 2013, Coinify operates at the intersection of financial technology and digital assets, providing a comprehensive platform for businesses and individuals to engage with cryptocurrency payments. The company's plug-and-play solution enables merchants to accept digital currencies, offering flexible settlement options in either local fiat currency or cryptocurrency. Beyond payment processing, Coinify facilitates cryptocurrency trading through an integrated widget, allowing users to buy and sell digital assets seamlessly. With a strategic focus on European markets, Coinify leverages mobile application technology and financial services expertise to manage liquidity and ensure compliance, serving a diverse clientele of merchants and traders.
How much funding has Coinify raised?
Coinify has raised a total of $8.8M across 2 funding rounds:
Series A
$4M
Other Financing Round
$4.8M
Series A (2016): $4M with participation from SEED Capital and SEB Group
Other Financing Round (2018): $4.8M led by SEED Capital, SEB Venture Capital, and Nordic Eye
Key Investors in Coinify
SEED Capital
SEED Capital is a Denmark-based investment firm that specializes in supporting exceptional Nordic founders from seed stage to Series A and beyond. With a focus on sectors such as consumer, deep tech, enterprise, fintech, and SaaS, they have made 60 investments, achieving 10 exits and 5 IPOs over the past two decades.
SEB Group
SEB (Skandinaviska Enskilda Banken) is a Swedish financial services group providing banking solutions, including investment banking and asset management, across the Nordic region.
Nordic Eye
Undisclosed investor participating in the funding round.
What's next for Coinify?
The recent major strategic investment in Coinify signals a pivotal phase for the company, likely aimed at accelerating its expansion into new markets and enhancing its technological infrastructure. As a player in the dynamic fintech and cryptocurrency space, this capital will be instrumental in scaling operations, developing innovative payment and trading solutions, and potentially fortifying its compliance frameworks to navigate evolving regulatory landscapes. The company's established presence and focus on providing accessible cryptocurrency solutions position it for continued growth and adoption by businesses seeking to integrate digital assets into their financial operations.
See full Coinify company page
