Coins operates a blockchain-enabled mobile payments platform headquartered in Manila, Philippines, led by CEO Ron Hose. The platform enables users — including those without bank accounts — to access remittances, airtime top-ups, e-commerce and P2P payments directly from mobile phones. Coins has signed up over one million customers, primarily in the Philippines and Thailand. The company plans to use new capital to accelerate regional growth and to establish additional cash-based services and partnerships. James Caviness of PayU joined Coins' board in conjunction with the funding. The articles report the company expanded its Series A financing to support these growth initiatives. Coins is a mobile-first, branchless, blockchain-based platform that provides consumers in the Philippines and Thailand with direct access to basic financial services such as remittances, bill payments and mobile airtime. The company partners with banks, financial institutions and last-mile retail outlets and operates a network of over 22,000 cash disbursement and collection locations in the Philippines alone. Coins was founded in early 2014 by CEO Ron Hose and CTO Runar Petursson. It raised a US$5M Series A to fund expansion. The company intends to use the funds to expand access to basic financial services for unbanked individuals in the Philippines and throughout Southeast Asia. The platform emphasizes branchless, mobile-first access and leverages blockchain technology to deliver payments and remittance services.

Total raised

$10M

Funding rounds

2

Latest round

Series A

Latest activity

May 2017