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Coinify

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Overview

Number of Acquisitions 4
Total Funding Amount $10.1M
Coinify
Virtual currency platform for trading and payments.
Categories  E-Commerce, Financial Services, Internet, Mobile Payments, Payments, Point of Sale, Virtual CurrencyHeadquarters Regions  European Union (EU), Nordic Countries, ScandinaviaFounded Date May 1, 2014Founders  Hans Henrik Hoffmeyer, Kris Henriksen, Lasse Olesen, Mark HøjgaardOperating Status ActiveFunding Status Early Stage VentureLast Funding Type Series ANumber of Employees 11-50Also Known As Coinify A/SLegal Name Coinify ApS
IPO Status PrivateCompany Type For Profit
Website  coinify.com/ Facebook  View on Facebook LinkedIn  View on LinkedIn Twitter  View on Twitter Phone Number 1888-254-9731

Coinify is a global virtual currency player offering two-way virtual currency to fiat conversion services for businesses and individuals. Incorporated in 2014 and headquartered in Denmark, Coinify is backed by SEB Venture Capital, Nordic Eye Venture Capital, SEED Capital Denmark, and Accelerace.

The Coinify.com platform provides various virtual currency trading and payment processing services: individuals can buy and sell virtual currencies; wallets can utilise our white-label solution to offer in-wallet trading; and we have a payment suite with virtual currency payment products for online merchants, payment service providers, retail stores and more.

The Coinify team has a strong background in payments, finance, risk, e-commerce, and compliance, along with experience working with digital currencies since 2010. We actively work alongside regulatory bodies and financial institutions to provide a strong, compliant service that adheres to the standards of the industry.

Recent industry awards and recognitions 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’; ‘#22 in Top 50’ Financial IT Pathfinder Ranking; and The Diversity Award 2018 by the European Women Payments Network. To learn more, please visit coinify.com.

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Which funding rounds raised the most money?

Funding Rounds

Number of Funding Rounds 3
Total Funding Amount $10.1M
Coinify has raised a total of $10.1M in funding over 3 rounds. Their latest funding was raised on Dec 22, 2017 from a Series A round.
Announced Date  
Transaction Name  
Number of Investors  
Money Raised  
Lead Investors  
Dec 22, 2017
Series A - Coinify
3$4.8M Nordic Eye Venture Capital
Aug 3, 2016
Series A - Coinify
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1
$4M SEB Venture Capital
Oct 1, 2014
Seed Round - Coinify
3$1.3M PreSeed Ventures

Investors

Acquisitions

Number of Acquisitions 4
Coinify has acquired 4 organizations. Their most recent acquisition was BetterCoins on Dec 14, 2018.
Acquired Organization Name  
Announced Date  
Price  
Transaction Name  
BetterCoins
Dec 14, 2018—
BetterCoins acquired by Coinify
Coinzone
Aug 12, 2015—
Coinzone acquired by Coinify
Bitcoin Nordic
May 31, 2014—
Bitcoin Nordic acquired by Coinify
BIPS
May 12, 2014—
BIPS acquired by Coinify

Related Hubs

Company Tech Stack by Siftery

Coinify uses 33 technology products and services including Google Analytics, WordPress, and Vimeo.

Website Tech Stack by BuiltWith

Coinify is actively using 47 technologies for its website. These include Viewport Meta, IPhone / Mobile Compatible, and SPF.

Web Traffic by SimilarWeb

Coinify is ranked 289,162 among websites globally based on its 167,325 monthly web visitors.

Competitors & Revenue by Owler

Coinify has $3M in estimated revenue annually. Coinify competes with GoCoin, Coinbase, and BitPay.

Current Team

Number of Current Team Members 11
Coinify has 11 current team members, including Co-Founder & CEO Mark Højgaard.
Mark Højgaard
Co-Founder & CEO
Pia Skafte Johansen
Head of Payment Services
Mikael Breinholst
Head of Trading Platform
Hans Henrik Hoffmeyer
Co-Founder & Chief Operating Officer
Morten Bebe
Sales Manager
Denny Fröjd
Chief Financial Officer

Board Members and Advisors

Number of Board Members / Advisors 8
Coinify has 8 board members and advisors, including Hans Henrik Hoffmeyer.
Hans Henrik Hoffmeyer
Board Member
Feb 2017
Lars Andersen
Board Member
Jul 13, 2016
Stefan Olofsson
Board Member
Jul 13, 2016
Tomas Nilsson
Board Member
Mar 2018
Michael Tandrup
Board Member
Feb 2018

Past Team

Number of Past Team Members 11
Coinify has 11 past team members, including Digital Marketing Specialist Edita Basova.
Person Name  
Title At Company  
Start Date  
End Date  
Edita Basova
Digital Marketing SpecialistOct 24, 2016Apr 2019
Prema Puganenthran
Corporate Communications SpecialistFeb 9, 2018Apr 2019
Denny Fröjd
Head of Financial OperationsFeb 1, 2018Aug 2018
Sameer Ismail
Chief Risk OfficerMar 2018Aug 2018
Peter Nordgaard
CFOMar 1, 2016Jul 1, 2018

Recent News & Activity

Number of Articles 103
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