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FOUNDING YEAR: 2014LOCATION:DenmarkREGION:Last Update:27 Jun, 2019Company priority:Look out for our new announcement...
Coinify is a digital payment platform to provide payment processing & trading services to merchants & consumers. The company offers a mobile application that enables buying, selling, and accepting bitcoin payment in stores worldwide. Recently the company has received various industry awards and recognitions such as Frost & Sullivan Best Practices Award: ‘Global Blockchain Financial Service Provider 2017’; KPMG & H2 Ventures ‘Fintech 100 Emerging Star’; ‘Top 100 FinTech Europe’ 2017 & 2016; Nordic Startup Award ‘Best Fintech Startup Denmark 2017’; and ‘Top 50’ Financial IT Pathfinder Ranking.
Headquartered in Copenhagen, Denmark, Coinify ApS operate as a blockchain payment service provider (bPSP) with focus on extending blockchain currency payment processing and trading services to merchants and consumers respectively. Coinify serve global Payment Service Providers, online businesses, physical shops, and individuals. The company incorporated in 2014 and is backed by a multi million dollar injection from SEED Capital Denmark, SEB Venture Capital and Accelerace. With experience in working with digital currencies since 2010, the Coinify team has strong backgrounds in payments, finance, risk, ecommerce, and compliance areas. Coinify dominate the European market and are continuously expanding into Asian and global markets. The company was named ‘Emerging Star’ in Fintech 100 (an initiative by KPMG and H2Ventures); was elected part of the ‘European FinTech Top 100’ and won the IFM Award for ‘Best Electronic Payment Solution’. Visit www.coinify.com for more information.
PRODUCTS & SERVICES:Bitcoin Payments & Processing services to Merchants, Trade & Enterprises platforms. Coinify platform offers blockchain currency trading and payment processing services: individuals can buy and sell blockchain currencies, and merchants can accept blockchain payments in 15 currencies and receive payouts in fiat. Coinify API allows trading and payment processing white label solutions for its partners. Payment Service Providers can offer blockchain currencies as a payment method to their merchants; Cryptocurrency wallet providers can offer in-wallet trading; Loyalty point companies can offer rewards in the form of blockchain currency, Financial institutions can integrate blockchain currency trading in their platform, etc.
MAIN CLIENTS:Hungry.dk, Marvin.ie
EXISTING PARTNERSHIPS:DigixGlobal, , Hello Markets, , Payssion
PRODUCTS & SERVICES:Coinify ApS is an established global virtual currency player actively offering solutions in Europe, Asia, and other regions. The company was incorporated in 2014 and is backed by Nordic Eye Venture Capital, SEED Capital Denmark, SEB Venture Capital and Accelerace. The Coinify.com platform offers blockchain currency trading and payment processing services: individual Traders can buy and sell blockchain currencies, and Merchants can accept blockchain payments in 15 currencies and receive payouts in fiat. Coinify Enterprise solution allows trading and payment processing white label solutions for partners via our API integration: Payment Service Providers can offer blockchain currencies as a payment method to their merchants; Cryptocurrency wallet providers can offer in-wallet trading; Loyalty point companies can offer rewards in the form of blockchain currency; Financial institutions can integrate blockchain currency trading into their platform, etc. Recent industry awards and recognition include: Best Practices Award for ‘Global Blockchain Financial Service Provider 2017’ by Frost & Sullivan; ‘Emerging Star - Fintech 100’ by KPMG & H2 Ventures; ‘Top 100 FinTech Europe’ 2017 & 2016; Nordic Startup Award for ‘Best Fintech Startup Denmark 2017’; and ‘#22 in Top 50’ Financial IT Pathfinder Ranking. To learn more, visit our newsroom or follow us on Social Media platforms (LinkedIn, Facebook, Twitter, AngelList and CrunchBase).
REVENUE MODEL:Viewable by subscribers only
TOP PROBLEM SOLVED:Coinify enables businesses and individuals to enter the ever-growing blockchain payment ecosystem. Payment Service Providers (Enterprise) and businesses (Merchants) can accept payments in 15 blockchain currencies (including bitcoin, ether, ripple) in secure environment with option to receive payout in their local currency. We guarantee zero chargebacks and take care for the technical aspects, leaving it easy for our customers to operate in business as usual mode. Our Trade users can buy or sell bitcoin with us using their local currency. We support bank transfers in every SEPA country and instaneous card payments in nearly every country. Advantages connected with order volume in four different account levels. We “lock” the price of blockchain currency at the time of payment and buy/sell order, leaving the volatility concern out of equation.
PRODUCT DEVELOPMENT STAGEV2.0 or BEYOND
PRODUCT DEVELOPMENT COMMENTViewable by subscribers only
KEY DIFFERENTIATORSViewable by subscribers only
PRIMARY CUSTOMER TYPEViewable by subscribers only
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FOUNDERS:Lasse Birk Olesen, Mark Hojgaard, Kris Henriksen
Board Members and Advisors:Morten Birk Belling, Richard Breiter, Hans Henrik Hoffmeyer, Jan Kaastrup, Morten Kjaersgaard, Jesper Knudsen, Claudiu Mihail Ionescu, Robert Mygind, Martin von Haller Groenbaek
NUMBER OF EMPLOYEES:11-50
INVESTORS:Richard Breiter, Jesper Knudsen, , , , Nordic Eye, , seed capital denmark.
KEY EMPLOYEES:Mark Højgaard (CEO)
COMMENT:Coinify team consists of strong backgrounds in payments, finance, risk, e-commerce, and compliance areas and experience in working with digital currencies since 2010. Coinify Blockchain Experts are active in blockchain technology advocacy and thought leadership available as: keynote speakers and panelists; media commentators; and consultants.
FOUNDERS:Mark Højgaard, Lasse Birk Olesen
NUMBER OF EMPLOYEES:11-50
CEO: Mark Højgaard
CTO: Lasse Birk Olesen
CRO: Morten Bebe
TEAM COMMENT:Viewable by subscribers only
BOARD MEMBERS:Hans Henrik Hoffmeyer, Richard Breiter, Jesper Knudsen, Morten Kjærsgaard, Robert Mygind, Filip Petersson, Lars Andersen, Stefan Olofsson
ADVISORS:Morten Birk Belling, Claudiu Mihail Ionescu, Jan Kaastrup, Martin von Haller Grønback
REVENUE COMMENT:Viewable by subscribers only
ACTIVE USERS COMMENT:Coinify claims that it is serving more than 60,000 merchants in Europe till date (Jan 2018) .
TRANSACTIONS COMMENT:Based on transaction volume, Coinify is the #1 blockchain payment service provider in Europe and #4 globally.
ACTIVE USERS/ACCOUNTS:15K+ in 2016
LIVE USERS/TRANSACTIONS:Viewable by subscribers only
How will you grow the number of users/accounts/transactions?continued global expansion and new partnerships
TOTAL FUNDING:$8.8 Millions
DATE OF LAST FUNDING:Dec 2017
TOTAL FUNDING COMMENT:The company is planning to use the capital for further expand its operations, acquire talent, grow its technology, and establish more bases of operation across Europe, the United States, and other markets (Jan 2018).
SEED CLOSED ON:Sep 2014
SEED PRIOR FUNDING COMMENT:Undisclosed seed fund raised in Sep 2014.
$8.8 Millions Closed: Dec 2017
FUNDING COMPLETED:Viewable by subscribers only
TOTAL FUNDING:$4 Millions
LISTED:Viewable by subscribers only
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Comment on Series AViewable by subscribers only
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