[ Coins.ph raises $5M in Series A ]

Coins.ph has raised $5 million in Series A funding.

Founded in 2014, Coins.ph delivers financial services over mobile to people in Southeast Asia who are currently unserved by traditional banks. It enables people to access a slew of financial services directly via smartphones. This digital financial service is based on the blockchain technology to gain traction with everyday consumers.

With the fresh inflow of funds, the startup will focus on boosting its regional growth. In addition, it will be setting up more cash-based services and partnerships to further serve its customers.

Funding  Series A
Founded  2014
Country  Philippines
City  Pasig, Rizal
Founder / CEO  Ron Hose
Deal Size  $5M
Investors  Naspers Ventures
Previous Investors  Rebright Partners
 Wavemaker Partners
 Innovation Endeavors
 Amasia
 Digital Currency Group
 BEENEXT
 Global Brain Corporation
 Pantera Capital
 Accion Frontier Inclusion Fund