CoinStar
Facts
- HQ
- Bellevue, Washington
- Sectors
- Financial Services
- Founded
- 1991
- Employees
- 622
Seattle Crypto Startup Coinme to Be Acquired by Polygon Labs in Over $250M Deal
Seattle-based cryptocurrency startup Coinme, known for its bitcoin ATM network, agreed to be acquired by blockchain payments company Polygon Labs in a deal valued at over $250 million. The acquisition will combine Coinme's U.S. licenses and cash-to-crypto network with Polygon's global blockchain platform, despite Coinme recently facing regulatory challenges in Washington state.
Washington Regulators Order Crypto ATM Startup Coinme to Cease Operations Over $8M Misappropriation Claims
Washington state regulators issued a cease-and-desist order against cryptocurrency startup Coinme for allegedly misclassifying over $8 million in customer funds as income and violating state financial laws, prompting potential license revocation and fines. Coinme later reached an interim agreement to resume operations while the matter is resolved.
Coinme Sues Coinstar for Misappropriating Trade Secrets to Launch Competing Crypto Platform CINQ
Coinme filed a lawsuit against Coinstar accusing it of misusing trade secrets and confidential information to develop and launch a competing crypto-buying platform called CINQ at Coinstar kiosks. This dispute has led to a significant drop in Coinme’s transaction volumes as Coinstar allegedly promotes CINQ preferentially, causing customer confusion and loss of business for Coinme.
Six Former Amazon Execs Including Flexport CEO Dave Clark Depart $8 Billion Logistics Startup
Flexport saw the departure of six former Amazon executives, including CEO Dave Clark and president Teresa Carlson, highlighting recent executive turnover at the $8 billion-valued logistics company. Several of these leaders had long Amazon tenures before joining Flexport, which offers cloud-based freight forwarding and saw $3.3 billion in revenue in 2021.
Coinstar Founder Jens Molbak Champions 'Tri-Sector Innovation' with NewImpact Nonprofit Since 2020
Jens Molbak, founder of Coinstar and NewImpact, pioneered a business model integrating private, public, and nonprofit sectors to create social impact, promoting 'tri-sector innovation' through his nonprofit NewImpact. His experience with Coinstar inspired a new way of doing business that benefits multiple sectors simultaneously.
Deloitte’s 2021 Fast 500 Includes 26 Washington Firms; Coinme Tops Seattle Growth at 2,198% (Rank 78)
Deloitte’s 2021 North American Technology Fast 500 ranks the fastest-growing tech companies by revenue growth from 2017–2020; 26 Washington-based firms made the list, with 24 from the greater Seattle area and strong representation from Bellevue and software/SaaS companies. Coinme led local growth with 2,198% growth (ranked 78th), and Washington firms comprised about 5% of the full Fast 500.
Coinme raises $10M to expand crypto cash network enabling bitcoin purchases at 15,000+ MoneyGram and Coinstar locations
Seattle-based Coinme raised $10 million from existing investors to expand its cryptocurrency cash network that lets customers buy and sell bitcoin at over 15,000 physical locations through partners like MoneyGram and Coinstar.
University of Washington taps Justin Dunnicliff as NSIN university program director; Meredith Han named VP of Product at FlyHomes
The University of Washington partnered with the Department of Defense’s National Security Innovation Network (NSIN) and named UW alumnus Justin Dunnicliff as university program director to run NSIN programs at UW, connecting students to DoD-related research and employment opportunities. The article also notes Meredith Han, an early Amazon employee and angel investor, has become VP of product at FlyHomes.
Coinme raises $5.5M as transactions climb 40% and plans 50% hiring, led by Pantera Capital
Seattle cryptocurrency ATM startup Coinme raised $5.5 million as transaction volumes rose more than 40% since late February, aided by its Coinstar partnership and presence in essential retail locations. The company, led by CEO Neil Bergquist, plans 50% headcount growth, expansion into Latin America, and was led in funding by Pantera Capital.
