Saturday January 23, 2021
Bitcoin (BTC) $33,062.00   Ether (ETH) $1,257.38
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
EXCHANGE 300+ COINS
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas.net
No Result
View All Result
Home Capital Raising

Southeast Asia blockchain payment platform coins.ph raises $5m led by Naspers

Published by CryptoNinjas.net
05/24/2017

Coins, Southeast Asia’s leading blockchain-enabled mobile payments platform, announced today the closing of a $5 million fundraise led by Naspers through its Naspers Ventures division, bringing the total amount raised in its Series A to over USD $9.4 million. As one of the first examples of a digital financial service built on top of blockchain technology to gain traction with everyday consumers, Coins enables anyone – including those without a bank account – to access a broad range of financial services directly from their mobile phone. To date, the company has signed up over one million customers.
Coins operates primarily in the Philippines and Thailand, and plans to expand to other markets where consumer access to traditional financial services such as credit, banking and remittances is either limited or prohibitively expensive. Coins’ mobile wallet has generated a strong leadership position, providing consumers the first point of access to a wide range of financial services including remittances, airtime top-ups, e-commerce and P2P payments.
The company also announced the appointment of James Caviness, Vice President and Chief Product Officer of Naspers business PayU, as a new board member.
“Coins has done an excellent job of providing consumers with easy, cost-effective access to core financial services,” said James Caviness, Coins board member. “With its secure, scalable platform, built on exciting and potentially disruptive blockchain technology, we expect Coins to continue to grow and expand across Southeast Asia.”
By leveraging blockchain technology and partnerships with existing financial institutions, Coins has been able to directly connect over one million previously unbanked customers with its ecosystem of financial services. The new investment will further accelerate its regional growth and allow Coins to establish additional cash-based services and partnerships to further serve its customers.
“Coins has become a key component of our customers’ everyday lives, allowing them to do everything from sending payments to shopping online,” said Ron Hose, CEO of Coins. “With Naspers Ventures, we’ve gained a great partner in our mission to democratize financial services by making them easily accessible and usable by anyone. We are extremely excited to be working together with them to build a more financially inclusive future.”

6
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related Posts

Ripple’s xRapid onboards 3 new XRP exchange partners including Bittrex

08/16/2018

Blockchain technology and cryptography provider Stratumn raises €7m

06/08/2017

Citi joins Series A funding round of FinTech blockchain firm Axoni

05/11/2017

Factom closes extended series A round of $8 million

04/18/2017

China’s ViaBTC raises $2.9 million for new bitcoin exchange business

04/06/2017
Load More

Discussion about this post

Recent Updates

Blockchain supply chain solution SUKU releases social impact DeFi protocol

Crypto wallet Cobo adds support for Binance Smart Chain

Prediction market platform Omen to integrate crypto data oracles from API3

Mirror Protocol brings synthetic stock asset exposure to Binance Smart Chain

Crypto exchange Upbit shows over 100% user fund capitalization in audit report

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Buy 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit

Trending Views

Billions of dollars in bitcoin becomes available to creditors of Mt.Gox bitcoin exchange

Zilliqa tokenizes rare single-malt scotch whisky casks, now available to accredited investors

Crypto payment and wallet project TenX shuts down

GateHub launches Wallet Protect to cover up to $100K for XRP ledger wallets

Fenbushi Capital launches $15M+ investment fund for Filecoin and IPFS ecosystem

  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2021 CryptoNinjas Disclosures | Privacy Policy


Go to mobile version