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Crypto brokerage Voyager acquires blockchain fee processer Coinify » CryptoNinjas

Voyager Digital Ltd., a publicly traded cryptocurrency platform, right now introduced the acquisition of Coinify ApS, an EU-registered cryptocurrency fee platform.

This acquisition quickens Voyager’s growth by boosting its capabilities in cryptocurrency funds. Forthwith, Voyager prospects will have the ability to make funds immediately from inside their accounts. Moreover, the Coinify acquisition fast-tracks Voyager inside business-to-business crypto funds.

“Acquisition of Coinify brings a worldwide fee infrastructure to Voyager’s digital asset ecosystem; and can give our rising buyer base of over 1.75M customers a quick, straightforward, and safe strategy to make funds from their Voyager accounts.”
– Stephen Ehrlich, CEO & Co-Founding father of Voyager

Voyager + Coinify

Coinify’s acquisition gives Voyager with a longtime gateway to crypto funds by means of its digital forex fee platform accessible in Europe, Asia, North America, and South America. Coinify’s enterprise companies embody particular person fee processing in 15 main cryptocurrencies and transaction settlement in 20 fiat currencies by way of their easy-to-integrate Coinify API.

“We’re excited to hitch the excellent, revolutionary group at Voyager; and turn out to be a part of Voyager’s market-leading choices, model, and group. And to quickly develop retailers using Coinify’s fee processing expertise. The mixture positions Voyager because the go-to alternative for companies and people searching for an environment friendly transaction car for a variety of purchases globally.”
– Mark Hojgaard, CEO & Co-Founding father of Coinify

Abstract of Deal Phrases

Below the phrases of the share buy settlement; the consideration to Coinify shareholders will include 5,100,000 of newly issued shares of Voyager Digital Ltd. widespread inventory and USD $15 million in money. As a part of the settlement, Voyager will retain USD $5.5 million of money on the Coinify stability sheet.

Moreover, Voyager will largely retain all present Coinify staff, getting into into employment agreements with key members of the administration group. In the present day’s transaction is predicted to be instantly accretive to each income and money move.

In reference to this transaction, Fort Capital Companions acted as Monetary Advisor to Voyager. Stifel KBW acted as Monetary Advisor to Coinify. Authorized advisors to Voyager have been Fasken, Baker McKenzie, and Accura.  Bruun and Hjejle acted as authorized advisor to Coinify.

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