Voyager Digital Ltd., a publicly traded cryptocurrency platform, at the moment 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 be capable of make funds straight 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, simple, and safe option to make funds from their Voyager accounts.”
– Stephen Ehrlich, CEO & Co-Founding father of Voyager
Voyager + Coinify
Coinify’s acquisition supplies Voyager with a longtime gateway to crypto funds via its digital foreign money 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 through their easy-to-integrate Coinify API.
“We’re excited to affix the excellent, revolutionary workforce at Voyager; and change into 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 selection for companies and people looking for an environment friendly transaction automobile 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 encompass 5,100,000 of newly issued shares of Voyager Digital Ltd. frequent 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 steadiness sheet.
Moreover, Voyager will largely retain all present Coinify workers, getting into into employment agreements with key members of the administration workforce. At the moment’s transaction is anticipated to be instantly accretive to each income and money movement.
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 had been Fasken, Baker McKenzie, and Accura. Bruun and Hjejle acted as authorized advisor to Coinify.
