About Coinify
Coinify is a company based in Copenhagen (Denmark) founded in 2014 by Mark Hojgaard was acquired by Acesion Pharma in August 2022.. Coinify has raised $13.53 million across 5 funding rounds from investors including InvestVoyager, SEB and Acesion Pharma. Coinify has completed 4 acquisitions, including BIPS, BetterCoins and Bitcoin Nordic. Coinify offers products and services including Payment Solutions, Trade Solutions, and Corporate Trading. Coinify operates in a competitive market with competitors including Ripple, BitPay, IOTA, Zebec and RYVYL, among others.
- Headquarter Copenhagen, Denmark
- Founders Mark Hojgaard
- Stage Minicorn
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$13.53 M (USD)
in 5 rounds
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Latest Funding Round
$1.36 M (USD), Series A
Aug 01, 2021
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Investors
InvestVoyager
& 4 more
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Employee Count
Employee Count
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Investments & Acquisitions
BIPS
& 3 more
- Acquired by
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Products & Services of Coinify
Coinify offers a comprehensive portfolio of products and services, including Payment Solutions, Trade Solutions, and Corporate Trading. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables businesses to accept crypto as payment securely.
Facilitates cash-to-crypto exchanges for users and platforms.
Offers trading widgets for exchanges and wallets integration.
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Funding Insights of Coinify
Coinify has successfully raised a total of $13.53M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $1.36 million completed in August 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series A — $1.4M
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First Round
First Round
(12 Sep 2014)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2021 | Amount | Series A - Coinify | Valuation |
investors |
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| May, 2019 | Amount | Series A - Coinify | Valuation |
investors |
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| Apr, 2017 | Amount | Series A - Coinify | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Coinify
Coinify has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include InvestVoyager, SEB and Acesion Pharma. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm backing Nordic tech startups from seed to Series A with investments in Consumer, Deep Tech, and related sectors.
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Founded Year | Domain | Location | |
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Funding and support are provided to early-stage startups by Accelerace.
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Founded Year | Domain | Location | |
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SEB is recognized as a leading Nordic corporate bank.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Coinify
Coinify has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include BIPS, BetterCoins and Bitcoin Nordic. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bitcoin and Ethereum are traded via BetterCoins brokerage services.
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2017 | ||||
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Crypto payment solutions are offered to merchants and consumers.
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2014 | ||||
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Bitcoin exchange.
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2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Coinify
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Coinify Comparisons
Competitors of Coinify
Coinify operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ripple, BitPay, IOTA, Zebec and RYVYL, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Blockchain-based payment network for cross-border transfers is developed.
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| domain | founded_year | HQ Location |
Crypto payments are managed via apps for users and merchants.
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| domain | founded_year | HQ Location |
Decentralized infrastructure is developed for building and securing digital interactions.
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| domain | founded_year | HQ Location |
Cryptocurrency payments and transactions are enabled through the platform.
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| domain | founded_year | HQ Location |
Blockchain infrastructure is delivered for payments and banking solutions.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Coinify
Frequently Asked Questions about Coinify
When was Coinify founded?
Coinify was founded in 2014.
Where is Coinify located?
Coinify is headquartered in Copenhagen, Denmark.
Who is the current CEO of Coinify?
Mark Hojgaard is the current CEO of Coinify. They have also founded this company.
Is Coinify a funded company?
Coinify is a funded company, having raised a total of $13.53M across 5 funding rounds to date. The company's 1st funding round was a Series A of $2.08M, raised on Sep 12, 2014.
What does Coinify do?
Coinify was founded in 2014 and is headquartered in Copenhagen, Denmark. Operations focus on the cryptocurrency payments sector, where virtual currency acceptance is enabled for businesses through integrated payment gateways. Services include API-based top-ups from multiple cryptocurrencies for card issuers and wallets, trading options for wallet partners, and invoicing systems for virtual currency transactions. These solutions support both consumer and business applications in a regulated environment.
What products or services does Coinify offer?
Coinify offers Payment Solutions, Trade Solutions, and Corporate Trading.
How many acquisitions has Coinify made?
Coinify has made 4 acquisitions, including BIPS, BetterCoins, and Bitcoin Nordic.
Who are Coinify's investors?
Coinify has 5 investors. Key investors include InvestVoyager, SEB, Acesion Pharma, Accelerace, and SEED Capital.
What is Coinify's valuation?
The valuation of Coinify is $42.9M as of May 2019.
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