Coinify Seals Multi-Million external Funding Backed by Danish Gov’t

Pioneering European Bitcoin payment facilitator Coinify has announced a multi-million euro funding deal with Danish firm SEED Capital, along with two partner acquisitions, it has announced.
The move will see the company’s expansion further into European markets and even further afield into the Middle East courtesy of its acquisition of Bitcoin Nordic, which has been operating as a broker in the space since 2012.
Additionally, Coinify has purchased the intellectual property rights to the payment gateway technology as well as all merchant relationships from Danish-based payment provider 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,’ Hans Henrik Heming, CEO at Coinify said in a press release issued today.
‘Bitcoin Nordic has been looking for further global expansion, and unifying consumer and merchant services under the Coinify brand will enable us to realize that vision,’ added Lasse Birk Olesen, Bitcoin Nordic founder and now chief product officer for Coinify.

This post was published at Coin Telegraph on 2014-09-26.