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Private Equity
konzum.hu

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Investments

1

About Konzum

Konzum (BUX:KONZUM) is a private equity firm that is focused on organizing and asset management activities.

Konzum Headquarter Location

Andrassy ut 59

Budapest, 1065,

Hungary

06 1 353 6610

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Latest Konzum News

Accepting crypto payments is the new cool for businesses

Dec 27, 2021

Don't be left watching from the sidelines Monday, 27/12/2021 | 08:33 GMT-0 0 ADVERTISEMENT Konzum, the largest supermarket chain in Croatia, recently announced that it has started accepting crypto payments on its online store to keep up with the times. The retail giant will allow its customers to buy household supplies, groceries, and hygiene products using cryptocurrencies. The company supports a total of 11 cryptocurrencies including Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), EOS, DAI, Ripple (XRP), Stellar Lumen (XLM), Tether (USDT), USDC, Solana and BUSD. The supermarket chain has joined hands with Electrocoin, a local crypto payment processor which is regulated by the Croatian Financial Services Supervisory Agency. Electrocoin has implemented PayCek, which guarantees buyers a fixed exchange rate at the beginning of a transaction despite the volatility in crypto prices. Related content Konzum itself doesn’t hold any crypto. Electrocoin converts the crypto received from customers into fiat before depositing it in the supermarket chain’s bank accounts. The company is also planning to start accepting crypto payments at its physical supermarkets. Konzum operates more than 700 stores across Croatia, employing more than 10,000 people. It also has a strong presence in Bosnia and Herzegovina and Serbia. The chain serves more than 650,000 customers a day. If it starts accepting crypto payments at all physical locations, it could give a major boost to crypto adoption. Many already there While Konzum accepting crypto payments is a big deal, it’s not the first or only one to do so. Dutch peer-to-peer food ecosystem Bistroo enables restaurants to accept crypto payments without any hassle. The platform facilitates restaurant takeaway and delivery, as well as direct-to consumer delivery of fresh and specialty products straight from the source. Bistroo lets customers pay restaurants in its native BIST token or a number of other cryptocurrencies such as Bitcoin, Ethereum and Binance Coin. Since the platform encourages a direct connection between restaurants and their customers, it opens up many more possibilities. For example, if restaurants need funding for renovation or operations, they could tap directly into the community using smart contracts. The investors earn interest as well as a fixed percentage of the revenue over a predetermined period of time. In Croatia, Greyp Bikes recently started allowing its customers to purchase cycling products using crypto. Meanwhile, California-based tech retailer Newegg has begun accepting Shiba Inu (SHIB) tokens as payment during the Christmas holidays. ADVERTISEMENT Nothing, a London-based consumer technology company founded by former OnePlus co-founder Carl Pei, is allowing crypto settlements for its newest product. It will accept Bitcoin (BTC), Ether (ETH), USD Coin (USDC), and Dogecoin (DOGE). Croatian Post: The original gangster The Croatian government has neither banned crypto nor recognized it as legal tender. However, back in December 2019, the Croatian Post introduced a service allowing people to purchase crypto at a few locations. Now it offers crypto buying and selling at more than 50 locations across the country. Closing thoughts Cryptocurrencies are getting more and more popular worldwide, despite the massive volatility and regulatory restrictions in many parts of the world. A growing number of businesses are accepting crypto payments from their customers. Now that more than 300 million people worldwide own cryptocurrencies, it has become more difficult than ever before for businesses to watch from the sidelines instead of getting onboard the crypto ship. ADVERTISEMENT Konzum, the largest supermarket chain in Croatia, recently announced that it has started accepting crypto payments on its online store to keep up with the times. The retail giant will allow its customers to buy household supplies, groceries, and hygiene products using cryptocurrencies. The company supports a total of 11 cryptocurrencies including Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), EOS, DAI, Ripple (XRP), Stellar Lumen (XLM), Tether (USDT), USDC, Solana and BUSD. The supermarket chain has joined hands with Electrocoin, a local crypto payment processor which is regulated by the Croatian Financial Services Supervisory Agency. Electrocoin has implemented PayCek, which guarantees buyers a fixed exchange rate at the beginning of a transaction despite the volatility in crypto prices. Related content Konzum itself doesn’t hold any crypto. Electrocoin converts the crypto received from customers into fiat before depositing it in the supermarket chain’s bank accounts. The company is also planning to start accepting crypto payments at its physical supermarkets. Konzum operates more than 700 stores across Croatia, employing more than 10,000 people. It also has a strong presence in Bosnia and Herzegovina and Serbia. The chain serves more than 650,000 customers a day. If it starts accepting crypto payments at all physical locations, it could give a major boost to crypto adoption. Many already there While Konzum accepting crypto payments is a big deal, it’s not the first or only one to do so. Dutch peer-to-peer food ecosystem Bistroo enables restaurants to accept crypto payments without any hassle. The platform facilitates restaurant takeaway and delivery, as well as direct-to consumer delivery of fresh and specialty products straight from the source. Bistroo lets customers pay restaurants in its native BIST token or a number of other cryptocurrencies such as Bitcoin, Ethereum and Binance Coin. Since the platform encourages a direct connection between restaurants and their customers, it opens up many more possibilities. For example, if restaurants need funding for renovation or operations, they could tap directly into the community using smart contracts. The investors earn interest as well as a fixed percentage of the revenue over a predetermined period of time. In Croatia, Greyp Bikes recently started allowing its customers to purchase cycling products using crypto. Meanwhile, California-based tech retailer Newegg has begun accepting Shiba Inu (SHIB) tokens as payment during the Christmas holidays. ADVERTISEMENT Nothing, a London-based consumer technology company founded by former OnePlus co-founder Carl Pei, is allowing crypto settlements for its newest product. It will accept Bitcoin (BTC), Ether (ETH), USD Coin (USDC), and Dogecoin (DOGE). Croatian Post: The original gangster The Croatian government has neither banned crypto nor recognized it as legal tender. However, back in December 2019, the Croatian Post introduced a service allowing people to purchase crypto at a few locations. Now it offers crypto buying and selling at more than 50 locations across the country.

Konzum Investments

1 Investments

Konzum has made 1 investments. Their latest investment was in MKB Bank as part of their Private Equity on August 8, 2018.

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Konzum Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/27/2018

Private Equity

MKB Bank

Yes

1

Date

8/27/2018

Round

Private Equity

Company

MKB Bank

Amount

New?

Yes

Co-Investors

Sources

1

Konzum Acquisitions

1 Acquisition

Konzum acquired 1 company. Their latest acquisition was Opus Global Holdings on October 18, 2018.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

10/18/2018

Private Equity

$99M

$500M

Merger

1

Date

10/18/2018

Investment Stage

Private Equity

Companies

Valuation

$99M

Total Funding

$500M

Note

Merger

Sources

1

Konzum Team

1 Team Member

Konzum has 1 team member, including former Chief Executive Officer, Hrvoje Prkačin.

Name

Work History

Title

Status

Hrvoje Prkačin

Chief Executive Officer

Former

Name

Hrvoje Prkačin

Work History

Title

Chief Executive Officer

Status

Former

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