Coinme, a Seattle, Washington-based blockchain financial services company, raised $1.5M in A-1 funding.
Backers included Ripple’s Xpring and Blockchain Finance Fund.
The company intends to use the funds to obtain additional licenses to operate nationwide in the U.S. and expand to key international markets and and continue to integrate key features into its online wallet in order to serve retail demand for using digital currencies for payments, remittances, and as a trusted store of value.
Founded in 2014 by Neil Bergquist, CEO, Coinme is a global leader in cryptocurrency kiosks and blockchain financial services. It powers a large bitcoin kiosk network with over 2,600 locations in partnership with Coinstar. The company is building decentralized finance (DeFi) services, offering vertically-integrated kiosk, digital wallet, and payment services using decentralized assets.
Coinme also offers Private Client services, including personalized concierge trading for individuals, high-volume transactions for institutions, and tax-advantaged cryptocurrency retirement options such as a Self-directed IRA and Solo 401(k).