Swedish FinTech Stakeholder SEB Invests in Coinify

Danish-based bitcoin company, Coinify, has attracted a new FinTech investor, helping to increase its blockchain payment services in Europe.

After joining a $4 million Series A funding round, Swedish banking investor, Skandinaviska Enskilda Banken, also known as SEB, now owns part of Coinify.

According to a report, board members from SEB will also be joining the bitcoin company with SEB’s Stefan Olofsson becoming one of the board of directors and Filip Petersson as the deputy director. SEB also has a voting share of 5 to 9.99 percent in Coinify.

Claiming to be the biggest blockchain payments enabler in Europe, Coinify supports over 20 PSPs, reaching more than 100,000 businesses online.