Bitcoin Startup Coins Raises $5 Million for Financial Inclusion in Asia
Coins, a bitcoin startup that aims to bring financial inclusion in Southeast Asia has raised $5 million in a Series A round of funding to accelerate its effort to bring basic financial services for the unbanked in the region. Led by the Accion Frontier Inclusion Fund, the funding round also involved notable investors that includes prolific bitcoin- and blockchain-centric Digtial Currency Group former Google CEO Eric Schmidt’s Innovation Endeavors. Other investors include the investment arms of Globe Telecom and Smart Communications, the biggest telecom companies in the Philippines, making....
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"We've been quiet for a long time, but it's not because we're not running." Launched in 2014, bitcoin startup Coins has focused on promoting financial inclusion in Southeast Asia. Armed with services in the Philippines and Thailand, Coins garnered early interest from major merchants while signing up more than 500,000 app users – yet, it hasn't been public about its activities since 2015. That might soon change, however, as Coins has raised $5m in funding from an impressive array of global investors to further develop its mobile wallet and supporting services such as remittances....
A bitcoin startup known simply as “Coins” has set a new financial record by raising over $5 million in a Series A funding round. Executives claim the money will be used to bring basic monetary services to unbanked populations in Southeast Asia. Funding efforts were led by the Accion Frontier Inclusion Fund, while other organizations involved include the Digital Currency Group, Globe Telecom, and Smart Communications, two of the largest global telecommunication companies in the Philippines. Leading Accion partner Ganesh Rengasway explained: “Coins is collaborating with key ecosystem players....
Following the startup’s partnership with Gamestop, the Sydney-based blockchain firm Immutable announced it raised $200 million in a Series C financing round led by Temasek. The company is now valued at $2.5 billion and Immutable plans to use the funds to scale the startup’s gaming studio. Immutable Raises $200 Million, NFT Startup Aims to Bolster Gaming Studio On Monday, the blockchain company Immutable revealed it raised $200 million from investors in a Series C funding round. The financing was led by Temasek alongside other participants including Tencent, Animoca Brands,....
You’ve got $50 million revenue rate, less than 100 employees, and you’re worth $500 million in papers or otherwise. Not only that, you were also able to disrupt the market six months since you have been established, in a very good way. Congratulations, you’ve got the formula for a perfect startup down pat. Now what comes next? Like any other business, a startup runs on a scalable business model which is meant to grow exponentially in the years to come. That being said, how long does a startup last before it falls out of the classification? What happens when it gets the venture funding that....
Coins has launched its second bitcoin startup in Southeast Asia with the formal opening of Coins.co.th in Thailand. The startup has been exchanging baht and bitcoin in Thailand since its soft launch in June, when it received its e-commerce registration from the Huay Khwang District Office. Jaturong Jantarangs, the Bank of Thailand's senior director of the payment systems policy department, recently told the Bangkok Post that trading bitcoins for baht does not require approval or a license from the country's central bank. As such, Coins claims that its new exchange is now "fully legal"....