W&F Q3 2021

www.wealthandfinance-news.com Wealth & Finance International - Q3 2021 15 14 Wealth & Finance International - Q3 2021 Voyager Digital Acquires Leading Global Cryptocurrency Payment Processing Company, Coinify NEW YORK, Aug. 2, 2021 /CNW/ - Voyager Digital Ltd. (“Voyager” or the “Company”) (CSE: VYGR) (OTCQX: VYGVF) (FRA: UCD2), the fastest- growing, publicly-traded cryptocurrency platform in the United States, today announced the acquisition of Coinify ApS, a leading cryptocurrency payment platform with a global user base in over 150 countries. The acquisition accelerates Voyager’s international expansion and Voyager’s capabilities into the payment space so that customers will soon be able to make payments directly from their digital asset accounts. The Coinify acquisition also fast-tracks Voyager into the business-to-business payment space. “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.” 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. Coinify’s global 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,” stated Mark Hojgaard, CEO and Co-founder of Coinify. “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.” 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. Lewis Bateman, Voyager’s Chief International Officer said, “The acquisition of Coinify will greatly accelerate our expansion into Europe and help us meet the growing demand for our current product offering internationally.” 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 US$15 million in cash. As part of the agreement, the Company will retain US$5.5 million of cash on the Coinify balance sheet. Voyager will retain substantially all current Coinify employees, entering into employment agreements with The acquisition accelerates Voyager’s international expansion and will diversify the company’s products and revenue streams. key members of the management team. The transaction is expected to be immediately accretive to both revenue and cash flow. Of the 5,100,000 shares, 1,500,000 shares are subject to a lock-up agreement which provides that they may only be sold 30 days after the Closing Date, pursuant to trades that do not in the aggregate exceed 5% of the average daily trading volume, 3,281,250 shares are subject to a lock-up period ending on the earlier of (i) 12 months from the closing date and (ii) the date the Company is listed on NASDAQ and 318,750 of the shares will be issued 12 months from the closing date. In connection with this transaction, Fort Capital Partners acted as Financial Advisor to Voyager and 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. GlobalBlock’s UK Operating Subsidiary Expands Leadership Team New Head of Marketing recruited with over 15 years financial services industry experience to drive marketing efforts from Q4 onwards New Head of Sales Trading and new Head of Partnerships recruited to bolster sales functions GlobalBlock UK has recruited Jayne Cripps as its Head of Marketing, who is spearheading its marketing, branding, social media and communications activity. Jayne has over fifteen years’ experience in financial services and technology marketing and was most recently at Interactive Investor, one of the UK’s leading private investor stockbrokers, where she was Head of Acquisition and Retention and a member of its executive committee. Prior thereto, she was a key member of the original marketing team at CMC Markets, the London Stock Exchange publicly listed and globally established online retail trading and investment services provider. Jayne went on to become its Head of UK Marketing and then moved to Toronto, Canada, to become its Head of Marketing for North America. An integrated marketing strategy has been established and is in the process of being rolled out, in conjunction with a Customer Relationship Management (CRM) strategy underpinned by Salesforce technology. To support GlobalBlock’s commitment to putting service first, GlobalBlock UK has hired Johnny Glassock as its Head of Sales Trading and Institutional Partnerships. Previously, Johnny was at Monument Securities, XFA Global and Mako Financial Markets. With over twenty five years’ experience in the financial services industry Johnny will use his experience to drive sales initiatives and manage GlobalBlock UK’s team of Sales Traders, who form part of its unique and personalised telephone broking service, a feature that is a key differentiator within the crypto space. Ben Small has also joined GlobalBlock UK as Head of Partnerships. Ben is fluent in French and Spanish and will develop corporate relationships with focus on helping the growing interest from businesses to navigate the digital asset ecosystem and benefit from GlobalBlock UK’s expertise. He joins from the UK based FX firm Foreign Currency Direct, where he was Affiliate Relationship Manager responsible for new business development and account management in French and Spanish speaking regions across Europe, as well as worldwide. The sales and marketing functions are also being supported by media relations activity, which has led to increased press coverage, including an editorial article with Business Insider profiling GlobalBlock UK’s co-founders, which is available from this link behind Business Insider’s paywall: https://www.businessinsider.com/crypto-investing- trading-outlook-ether-bitcoin-ethereum-brokers- globalblock-2021-6. David Thomas, Chief Operating Officer at the Company, said: “We are delighted to welcome Jayne, Johnny and Ben on board as we continue our journey in achieving our goal of becoming a leading provider of digital asset trading and custody services. In building the team with people that have a depth of relevant experience, we can look forward to our future sales and marketing initiatives as we continue to grow the business.” Jayne Cripps, new Head of Marketing at GlobalBlock UK, said: “Having been a part of the team at CMC Markets that helped revolutionise trading for retail investors, it’s exciting to now move into the cryptocurrency space that has even more significant potential to change the way individuals and institutions, trade, invest, store and exchange digital assets. GlobalBlock Limited’s commitment to regulation, security and transparency, as well as our service led model, provides a highly compelling story and USPs that truly differentiate us from our competitive set. As a marketing professional, when you have a unique story that you believe in and you’re excited to share, it makes the job a great deal more rewarding.”