Coinify Acquires Coinzone
Coinify announced that it will be taking over the operations of Coinzone, a leading Bitcoin payment provider. Coinzone will bring development and volume to the table, and this new partnership will result in a number of new opportunities for customers of both platforms.
With the acquisition of Coinzone, Coinify confirms its position as the number one European digital currency platform.
Mark Højgaard, CEO, Coinify:
“We welcome aboard Coinzone’s merchants and partners to Coinify, and will make sure that we continue the good work of Coinzone. Coinzone has done a remarkable job, especially considering its short time in the market.”
The transition will take place in August. For all Coinzone merchants and partners, this means business as usual with additional products and offerings.
Manuel Heilmann, CEO of Coinzone:
“We reached out to Coinify as we believed that we could strengthen the position of a European-based Bitcoin provider. Coinify has a strong financial management team, supportive investors behind it, and together with the strong position that Coinzone has built over the last few years, we look forward to even more growth with Coinify.”
Christian Visti, CFO and Head of Strategy, Coinify:
“Coinzone’s established presence in Europe, especially in the most active countries of France, Germany, Spain, Italy and Romania, and the recent market entries in the U.K., the Czech Republic and Poland – is 100% in line with our strategy to accelerate the expansion in these important markets.”
Coinify has previously been very active with acquisitions as a method for achieving growth. In September 2014, when the company secured a multi-million capital injection by SEED Capital and Accelerace Invest, Coinify unified consumer and merchant services by purchasing technologies and the customer base from the trade platform, Bitcoin Nordic, and merchant services pioneer, Bitcoin Internet Payment System. European individuals and merchants value Coinify’s easy conversion between digital and national currencies.
Coinify is currently preparing for a series A investment to accelerate the expansion even further.
Richard Breiter, SEED Capital:
“Coinify is taking the lead in the current battlefield with a strong belief that Coinify will be among the top players in the world dealing with cryptocurrency infrastructure for online merchants through a PSP tailored solution. The Coinify team has done an amazing job, pushing past milestones and achievements beyond our expectations.”
Source: coinify – Coinify Acquires Coinzone
