Coinmama
Purchasing Platform for Virtual Currency
Company Overview
Snapshot
Founded in April 2013 by Nimrod Gruber, Coinmama operates with 11–50 employees. The company was acquired by Wellfield Technologies in March 2022, marking a significant milestone in its journey.
Business overview
Coinmama provides a purchasing platform for virtual currency, enabling users to quickly buy digital assets online using credit cards, debit cards, or cash. As a property of NBV International, a subsidiary of New Bit Ventures, the company operates within the Fintech & Insurtech sector, specifically focusing on trading and investing for private investors globally.
Strategic signal
In May 2023, Coinmama initiated a workforce optimization, reducing its staff in Israel by 40%. This strategic adjustment signals a significant operational restructuring following its acquisition, indicating a potential shift in business focus or a response to evolving market conditions within the cryptocurrency sector.
Log in to access full profile ›Company Intelligence Q&A
- When was Coinmama founded?
- Coinmama was founded in April 2013.
- Who are the founders of Coinmama?
- Coinmama was co-founded by Nimrod Gruber.
- What is Coinmama's primary business model?
- Coinmama operates with a B2C business model, providing a platform for consumers to purchase virtual currency.
- When was Coinmama acquired and by whom?
- Coinmama was acquired by Wellfield Technologies in March 2022.
- What was a significant operational change at Coinmama in 2023?
- In May 2023, Coinmama reduced its workforce in Israel by 40%.