Coinzix
A place to buy and sell bitcoins and altcoins on one of the most convenient and reliable crypto platforms.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | $300k | Seed | |
| Total Funding | 000k | ||
| USD | 2022 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| % growth | - | 65 % |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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Coinzix, operating under Servotech Inovation Srl, is a centralized cryptocurrency exchange headquartered in Oradea, Romania. Founded in 2021 by CEO Ovidiu Chirodea, CTO Mihai Sbirneciu, and COO Mihai Niculae, the company aims to simplify the transition between fiat and cryptocurrency for both novice and experienced users. The founding team brings together diverse expertise, with Chirodea's entrepreneurial background in crypto swap platforms, and Sbirneciu's extensive experience in cybersecurity and compliance within the financial industry.
The company's business model is centered around providing a secure and accessible platform for crypto-related activities. Its core offering is a cryptocurrency exchange that supports trading of over 60 digital assets, including major currencies like Bitcoin and Ethereum, via bank transfers and debit cards on both desktop and mobile platforms. A key differentiator for Coinzix is its integrated network of physical crypto ATMs, which were deployed across major Romanian cities starting in February 2022. This network facilitates instant fiat-to-crypto conversions and serves as a significant revenue stream from its inception. The company plans to expand this network across Europe and introduce "Coinzix Cash Points" by partnering with traditional currency exchange services to offer around-the-clock crypto exchange and money remittance services.
Revenue is primarily generated from transaction fees on its exchange platform and ATM network. Additional income streams include market making, project listing fees for its exchange and launchpad, and commissions from services like debit card usage and staking. The platform's native utility token, ZIX, is central to its ecosystem, offering users benefits such as reduced transaction fees on the exchange and ATM network, and providing access to launchpad allocations for new projects. To enhance security, Coinzix has partnered with Fireblocks for institutional-grade custody solutions, utilizing multi-party computation (MPC) technology to protect user funds, and has its smart contracts audited by Certik.
Keywords: cryptocurrency exchange, fiat to crypto, crypto ATM network, digital asset trading, Coinzix, ZIX token, blockchain finance, crypto launchpad, money remittance, European crypto market, Ovidiu Chirodea, Mihai Sbirneciu, centralized exchange, staking, crypto debit card, institutional custody, secure crypto trading, crypto payment services, FinTech, digital currency