Voyager Digital Ltd., a publicly traded cryptocurrency platform, today announced the acquisition of Coinify ApS, an EU-registered cryptocurrency payment platform.

This acquisition quickens Voyager’s expansion by boosting its capabilities in cryptocurrency payments. Forthwith, Voyager customers will be able to make payments directly from inside their accounts. Furthermore, the Coinify acquisition fast-tracks Voyager within business-to-business crypto payments.

“Acquisition of Coinify brings a global payment infrastructure to Voyager’s digital asset ecosystem; and will give our growing customer base of over 1.75M users a fast, easy, and secure way to make payments from their Voyager accounts.”
– Stephen Ehrlich, CEO & Co-Founder of Voyager

Coinify’s acquisition provides Voyager with an established gateway to crypto payments through its virtual currency payment platform available in Europe, Asia, North America, and South America. Coinify’s enterprise services include individual payment processing in 15 major cryptocurrencies and transaction settlement in 20 fiat currencies via their easy-to-integrate Coinify API.

“We are excited to join the outstanding, innovative team at Voyager; and become part of Voyager’s market-leading offerings, brand, and community. And to rapidly grow merchants utilizing Coinify’s payment processing technology. The combination positions Voyager as the go-to choice for businesses and individuals seeking an efficient transaction vehicle for a wide range of purchases globally.”
– Mark Hojgaard, CEO & Co-Founder of Coinify

Under the terms of the share purchase agreement; the consideration to Coinify shareholders will consist of 5,100,000 of newly issued shares of Voyager Digital Ltd. common stock and USD $15 million in cash. As part of the agreement, Voyager will retain USD $5.5 million of cash on the Coinify balance sheet.

Besides, Voyager will largely retain all current Coinify employees, entering into employment agreements with key members of the management team. Today’s transaction is expected to be immediately accretive to both revenue and cash flow.

In connection with this transaction, Fort Capital Partners acted as Financial Advisor to Voyager. Stifel KBW acted as Financial Advisor to Coinify. Legal advisors to Voyager were Fasken, Baker McKenzie, and Accura.  Bruun and Hjejle acted as legal advisor to Coinify.

The post Crypto brokerage Voyager acquires blockchain payment processer Coinify appeared first on CryptoNinjas.

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