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 enlargement by boosting its capabilities in cryptocurrency funds. Forthwith, Voyager clients will have the ability to make funds instantly from inside their accounts. Moreover, the Coinify acquisition fast-tracks Voyager inside business-to-business crypto funds.
“Acquisition of Coinify brings a world 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 method 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 forex fee platform obtainable in Europe, Asia, North America, and South America. Coinify’s enterprise providers embrace 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 affix the excellent, modern workforce at Voyager; and turn into a part of Voyager’s market-leading choices, model, and group. And to quickly develop retailers using Coinify’s fee processing know-how. The mixture positions Voyager because the go-to alternative for companies and people in search of 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. 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 steadiness sheet.
Apart from, Voyager will largely retain all present Coinify workers, coming into into employment agreements with key members of the administration workforce. Right now’s transaction is anticipated to be instantly accretive to each income and money circulation.
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.