SEB invests $4m in blockchain payment provider Coinify
Danish blockchain payment service provider Coinify has raised $4 million in series A investment round from SEB Venture Capital, an entity within the SEB Group and SEED Capital Denmark.
Mark Højgaard, co-founder and CEO of Coinify, says it plans to use the investment to sustain its position in Europe and “expand” its blockchain payment and trade products into Asia.
Coinify says it presently supports 15 blockchain currencies (including Bitcoin, Ether and Ripple).
SEED Capital Denmark first invested in Coinify back in 2014, while this new investment comes from their newly established third venture fund.
Lars Andersen, general partner in SEED Capital Denmark, says digital currencies and blockchain “have the potential to spawn decades of disruptive innovation in financial services”.
He adds that Coinify has a “good foothold in the market and with this particular syndication they are well positioned to play a key role in the transformation ahead”.
The world of blockchain and bitcoin remains lively.
Recently, the United Nations Children’s Emergency Fund (UNICEF) started looking for a developer to work on humanitarian projects, including the use of blockchain for innovation.
Thomson Reuters joined R3’s partnership to design and apply distributed and shared ledger-inspired tech to global financial markets.
Elliptic and LexisNexis Risk Solutions partnered for the “first” use of “bank-grade” risk management for Bitcoin.
Last and fleeced. It all went wrong in Hong Kong as about $72 million worth of Bitcoin was stolen from the Bitfinex exchange platform.