Blockchain payments provider Coinify swipes $4m

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fintech insurtech wealthtech regtech ai cybertech esg news

Danish blockchain payments service provider Coinify has landed $4m in a Series A round. The investment comes from Sweden’s SEB Venture Capital and SEED Capital Denmark.

Coinify says that it supports more than 20 payments service providers (PSP), reaching more than 100,000 businesses online.

The advantages of using the blockchain is that for merchants and consumers the technology offers much more cost-effective payments that are carried out more quickly.

Coinify also offers consumers and businesses greater access to cryptocurrencies through fiat money exchanges. It currently supports 15 blockchain currencies.

Company co-founder and CEO Mark H.jgaard says that it will use the capital to solidify its position in Europe and expand into Asian markets.

Coinify is a blockchain payment company with the mission to bridge the gap between emerging blockchain and traditional finance industries, says H.jgaard.

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.

Copyright © 2016 FINTECH GLOBAL

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