Coinmama

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 exit in the cryptocurrency sector.

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 focuses on the Fintech & Insurtech sector, specifically within trading and investing, serving consumers and private investors globally.

Strategic signal

In May 2023, Coinmama initiated a workforce optimization, reducing its Israeli staff by 40%. This move signals a strategic adjustment in the company's operational footprint following its acquisition by Wellfield Technologies, indicating a potential shift in resource allocation or market focus within the cryptocurrency trading landscape.

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%.