Danish digital currency processor Coinify has acquired Dutch rival processor Coinzone in order to create a pan-European provider of payment processing for online merchants and payment service providers.
The deal will extend Coinify’s merchant customer base to 10,000 online clients and will strengthen the firm’s plans to raise capital in a Series A round of funding.
Coinify has embarked on a spree of acquisitions in order to drive growth. In September 2014, Coinify secured a multi-million investment from Seed Capital and Accelerace Invest, enabling it to acquire technologies and customers from the likes of Bitcoin Nordic and Bitcoin Internet Payment System.
Christian Visti, CFO and head of strategy at Coinify, said: “Coinzone’s established presence in Europe, especially in the most active countries of France, Germany, Spain, Italy and Romania, and the recent market entries in the UK, the Czech Republic and Poland – is 100% in line with our strategy to accelerate the expansion in these important markets.”