01/10-14   -   Press releases

Coinify Receives Multi-Million Investment and Becomes Leading European Digital Currency Platform Through Acquisitions

As the first Bitcoin company, Coinify secures continental European venture capital investment to bring digital currencies to mainstream markets. More than 6000 merchants and 7000 consumers have already experienced Bitcoin made easy by Coinify.

COPENHAGEN, 25 September 2014 - Coinify has secured a multi-million capital injection by Danish SEED Capital. The money will ensure the continued positioning of Coinify as Europe's leading player in the digital currency market.

Coinify is a rapidly growing platform driving mainstream adoption of digital currencies such as Bitcoin. Coinify's mission is to simplify Bitcoin payments for merchants and bring easy to use services to individuals.

"The internet protocol revolutionised the way we communicate, and the Bitcoin protocol can revolutionise the way we transfer unique digital assets from one internet user to another. Potentially all transactions could in the future be done in virtual currencies. That is a development we have to be a part of, and at SEED Capital we are comfortable being at the forefront of technological development." "” says Richard Breiter, investment manager at Seed Capital.

Coinify has acquired Bitcoin Nordic, one of the first and largest European digital currency brokers since early 2012, as well as purchasing the intellectual property rights to the payment gateway technology and acquiring all merchant relationships from the Copenhagen based company Bitcoin Internet Payment System.

"With the investment and acquisitions, Coinify is now positioned to bring the empowering potential of Bitcoin to all of the 500 million individuals in Europe." "” says Hans Henrik Heming, Chief Executive Officer at Coinify.

"The idea is to accomplish a greater vision "” a vision that is better achieved for our thousands of merchants on a strong platform like Coinify. This will leave Bitcoin Internet Payment System to focus on technological innovations." "” adds Kris Henriksen, founder of Bitcoin Internet Payment System.

"Bitcoin Nordic has been looking for further global expansion, and unifying consumer and merchant services under the Coinify brand will enable us to realise that vision." "” concludes Lasse Birk Olesen, founder of Bitcoin Nordic.

Coinify offers merchants accepting Bitcoin payments next day settlement in euros, dollars, kroner, and more, as well as easy 5-minute plugin installation for dozens of popular e-commerce platforms such as Magento, WooCommerce, BigCommerce and Shopify. Custom solutions easily integrates with the Coinify payment API, and brick and mortar stores can use the seamless Coinify Point-of-Sale software. Hungry.dk recently joined 6000 other Coinify merchants by accepting Bitcoin payments for food from more than 800 restaurants.

More than 7000 European individuals have enjoyed Coinify's easy conversion between digital and national currencies. The Coinify.com website now features everything to use and accept digital currencies.

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ABOUT COINIFY

Coinify drives mainstream adoption of digital currencies such as Bitcoin for merchants and consumers. Merchants benefit from Coinify's Payment Service (PSP) enabling free, instant settlements in a fraud free and chargeback free bitcoin payment environment, while consumers get access to secure one-click payments that reveal no sensitive information.

ABOUT SEED CAPITAL

SEED Capital is the largest early stage venture fund in Denmark, focusing on technology companies and medtech companies at the seed or even pre-seed stage from Denmark and southern Sweden. SEED Capital invests private and government capital in companies with highly innovative solutions and a scalable business model for entering an attractive market with a number of identified paths to exit.

Read more at www.seedcapital.dk

ABOUT BITCOIN NORDIC

Bitcoin Nordic has served European and Middle Eastern Bitcoin consumers for two years, making it safer and easier to buy and sell bitcoins.

ABOUT BITCOIN INTERNET PAYMENT SYSTEM

Bitcoin Internet Payment System pioneered bitcoin merchant services. Bitcoin Internet Payment System will continue to specialize in software development after the acquiring by Coinify of merchant payment activities.

CONTACT

Coinify ApS
Broenshoejvej 8
2700 Broenshoej
Copenhagen
Denmark

www.coinify.com
E-mail: press@coinify.com
Phone: 45 5364 2300