Danish blockchain payment service provider Coinify has raised $4 million in a Series A funding round, led by SEB Venture Capital and SEED Capital Denmark. Coinify’s payment and trade services offer businesses and individuals access to 15 blockchain currencies through fiat money exchange.
SEED Capital is the largest venture capital fund in Denmark for the pre-seed and seed segment with $320 million under management. The firm first invested in Coinify in 2014, while this new financing comes from its recently established third venture fund.
Mark Højgaard, co-founder and CEO of Coinify, said: “Coinify is a blockchain payment company with the mission to bridge the gap between emerging blockchain and traditional finance industries. We plan to use this investment to sustain our leading position in Europe and expand our blockchain payment and trade products into Asia.”
David Sonnek, head of SEB Venture Capital, which is part of Swedish bank SEB, said: “Coinify has developed a unique platform for blockchain payments and fits perfectly in our portfolio of FinTech investments. We at SEB Venture Capital really look forward to contribute to Coinify’s future development.”
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