# Coinify

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/coinify-aps

- Industry: Software
- Headquarters: Copenhagen, Denmark
- Website: www.coinify.com
- Total disclosed funding: $4M
- Latest round: Series A (Aug 4, 2016)
- Investors on record: 3

## About

Coinify ApS is a Denmark-based company specializing in cryptocurrency payment solutions, enabling businesses to integrate digital currencies seamlessly into their operations for a broad range of applications.Founded in 2014 in Copenhagen, Denmark, Coinify ApS develops cryptocurrency payment solutions for various businesses. The company was fully acquired by Voyager Digital Ltd. in August 2021 for USD 85 million. Coinify was co-founded by Hans Hoffmeyer and Mark Højgaard. The acquisition marked a significant change in its operational strategy, expanding its market reach and resources to enhance its service offerings.Coinify provides a suite of cryptocurrency payment solutions designed for businesses integrating digital currencies. Their primary offerings include Plug'n'Play solutions that enable merchants to accept crypto payments through straightforward code integration. Coinify's services cater to various sectors, including e-commerce, NFT marketplaces, and financial services, facilitating transactions in cryptocurrencies like Bitcoin and Ethereum across regions such as Europe, Asia, and North America, while ensuring compliance with local regulations.Coinify's revenue model is based on transaction fees from merchants utilizing their payment solutions. They manage both direct-to-consumer and B2B transactions, applying fees to each processed cryptocurrency transaction. Additionally, Coinify collaborates with payment service providers and offers white-label solutions, tailoring pricing plans for diverse customer needs, ensuring transaction efficiency and enhancing user experiences. For the year 2023, Coinify reported an EBITDA of -302,421.5 USD.Following the acquisition by Voyager Digital Ltd., Coinify plans to leverage the available resources to enhance existing products and develop new offerings tailored to evolving market demands. While specific new product launches are not detailed, the company is focused on expanding its footprint in critical markets, particularly in North America and Asia, by 2024. The funding from the recent acquisition will enable Coinify to invest in technology and partnerships to better serve its growing client base and support the increasing demand for cryptocurrency integration in business transactions.

## Funding rounds

- Series A, Aug 4, 2016, $4M — SEED Capital, SEB Venture Capital
- Seed, Oct 1, 2014 — SEED Capital, Accelerace

## Investors

- SEED Capital (https://capitalatlas.ai/funds/seed-capital) — Seed, Series A
- Accelerace (https://capitalatlas.ai/funds/accelerace) — Seed
- SEB Venture Capital (https://capitalatlas.ai/funds/seb-venture-capital) — Series A