Voyager Digital has acquired Coinify

Transaction Details

Fort Capital Partners is pleased to announce that Voyager Digital has acquired Coinify in a stock and cash transaction
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US-based Voyager Digital Ltd. (“Voyager” or the “Company”) (CSE:VYGR; OTCQX:VYGVF) has announced the acquisition of Danish cryptocurrency payment processor Coinify ApS (“Coinify”).  Transaction consideration will consist of 5,100,000 Voyager common shares and US$15.0 million in cash, subject to certain closing adjustments.

The Coinify acquisition provides Voyager with an established and effective gateway to the crypto payment industry through its virtual currency payment platform available in Europe, Asia, North America, and South America. The transaction is expected to be immediately accretive to Voyager’s revenues and cash flow on a per share basis.

Payments are the next step in the growth of Voyager, whose user base grew over 1400% in the first six months of 2021. The company plans to provide payment options to its customers, many of whom are small to midsize business owners. Crypto payment usage has grown substantially over the last 12 months and Voyager will be able to capitalize on that growth with a broadening line of products and services.

“As the adoption of cryptocurrency payments gains momentum, the acquisition of Coinify brings a global payment infrastructure to Voyager’s digital asset ecosystem and will give our rapidly growing customer base of over 1.75 million users a fast, easy, and secure way to make payments from their Voyager accounts,” said Stephen Ehrlich, CEO and Co-Founder of Voyager. “Coinify’s core values of innovation, security, and scalability are perfectly aligned with Voyager’s mission of making digital assets accessible throughout the world.”

Fort Capital Partners acted as Financial Advisor to Voyager on the transaction.

About VOYAGER DIGITAL

Headquartered in New York, NY, Voyager Digital Ltd. is a publicly traded company with market capitalization of ~C$2.6 billion, whose subsidiaries operate a crypto-asset platform that provides retail and institutional investors with a seamless solution to invest in and trade crypto assets. The Voyager platform provides customers with competitive price execution through its smart order router and a custody solution on a wide choice of popular digital assets. Voyager was founded by established Wall Street and Silicon Valley entrepreneurs who teamed to bring a better, more transparent, and cost-efficient alternative for trading cryptocurrencies to the marketplace. To learn more about Voyager Digital, please visit https://www.investvoyager.com/

About COINIFY ApS

Coinify ApS is an established global virtual currency platform actively offering solutions in Europe, Asia and other regions. Coinify’s services include: individual currency trading, corporate brokerage, payment processing services, and Enterprise solutions via Coinify API. The company’s mission is to mainstream the use of virtual currencies and thus help businesses and individuals to adopt financial innovation. Coinify can be seen as a bridge for merchants that can accept blockchain payments in 15 major crypto currencies and receive payouts in 20 fiat currencies. The Coinify team consists of strong backgrounds in payments, finance, risk, e-commerce, and compliance areas and experience in working with digital currencies since 2010.