Bitcoin processor Coinify raises $4m in series A investment round

Investing | August 5, 2016 By:

Coinify, a digital currency payment processor, announced it has raised $4 million in series A investment round from SEB Venture Capital and SEED Capital Denmark.

“Coinify is a blockchain payment company with the mission to bridge the gap between emerging blockchain and traditional finance industries. The fact that our current investors are joined by a classic, yet very visionary bank dating back to 1856, sends a strong message to both the banking and the blockchain communities. We plan to use this investment to sustain our leading position in Europe and expand our blockchain payment and trade products into Asia,” said Coinify co-Founder and CEO Mark Højgaard.

“Coinify has developed a unique platform for blockchain payments and fits perfectly in our portfolio of FinTech investments. We at SEB Venture Capital really look forward to contribute to Coinify’s future development,” said SEB head of venture capital David Sonnek.

Coinify last raised funding in 2014, when SEED took part in what was then described as a multi-million dollar deal. The exact amount wasn’t revealed at the time.