Coins.ph is a Philippines-based bitcoin exchange and wallet provider that allows users to buy and sell bitcoin, as well as pay bills and buy load using bitcoin. It was founded in 2014 by Ron Hose and Runar Petursson, with a mission of making financial services accessible to everyone, especially those who are unbanked or underbanked.
The company's platform is designed to be user-friendly and accessible to anyone with a smartphone, making it easy for people to access and use bitcoin. In addition to buying and selling bitcoin, users can also use the platform to pay bills, buy load, and make other transactions using bitcoin. This has been a game-changer for many Filipinos who previously had limited access to financial services.
Coins.ph has also partnered with various merchants and companies to allow its users to use bitcoin for payments in different places like online shopping, food delivery, and more. The platform also provides users with a digital wallet to store and manage their bitcoin, making it easy for them to send and receive payments.
One of the key factors of Coins.ph success is its ability to make financial services accessible to everyone, especially those who are unbanked or underbanked, thus providing an alternative for people who do not have access to traditional banking services. Additionally, the company's focus on creating a user-friendly and accessible platform has been a key driver of its growth and success.
Early investors in Coins.ph include Naspers Ventures, Digital Currency Group, and Quona Capital.
Naspers is a South African multinational media and internet company, it has invested in various companies globally and has a portfolio that includes companies in various sectors such as e-commerce, payments, and online classifieds. Digital Currency Group is a New York-based investment firm that focuses on blockchain and digital currency companies. Quona Capital is a venture capital firm that invests in fintech companies in emerging markets.
In 2015, the company raised $5 million in a series A funding led by Quona Capital, with participation from Digital Currency Group, Naspers, and other investors.
In 2016, the company raised $5.5 million in a series B funding led by Naspers, with participation from Quona Capital, Digital Currency Group and other investors.
And in 2018, the company raised $5.5 million in a series C funding led by Quona Capital, with participation from Naspers, Digital Currency Group, and other investors.
In conclusion, Coins.ph raised an initial funding of $5 Million in seed funding led by Naspers, and later on, the company raised more funds through series A, B and C funding, with participation of early investors such as Naspers, Quona Capital, and Digital Currency Group.
In conclusion, Coins.ph is a Philippines-based bitcoin exchange and wallet provider that allows users to buy and sell bitcoin, as well as pay bills and buy load using bitcoin, by providing an alternative for people who do not have access to traditional banking services, and a user-friendly and accessible platform.
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