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About Coins.ph
Industries
Consumer Software
Fintech
Crypto & Web3
Company Size
201-500
Company Stage
Series C
Total Funding
$39M
Headquarters
Manila, Philippines
Founded
2014
Overview
Coins.ph operates as a digital wallet and financial services platform in the Philippines, providing a variety of services such as bill payments, mobile load purchases, and cryptocurrency transactions. Users can pay bills for utilities, government services, and telecom providers, as well as buy and sell cryptocurrencies like Bitcoin and Ethereum. The platform is designed to be user-friendly, making financial transactions seamless and efficient for both individual consumers and small businesses. Coins.ph generates revenue through transaction fees and partnerships with service providers, while also offering a cardless ATM feature for cash withdrawals without a physical card. The goal of Coins.ph is to simplify financial management for Filipinos and enhance their access to digital financial solutions.
Simplify's Take
What believers are saying
- Partnership with inDrive and Hivemapper boosts blockchain service adoption in the Philippines.
- 'Pinoy Send' enables fast remittances, expanding market share among overseas workers.
- App enhancements and Rewards Hub improve user experience and customer retention.
What critics are saying
- Competition from blockchain-powered services like inDrive may reduce market share.
- 'Launchpool' partnership exposes Coins.ph to volatile gaming and NFT markets.
- Regulatory scrutiny on 'Pinoy Send' could lead to compliance challenges.
What makes Coins.ph unique
- Coins.ph offers a cardless ATM feature for emergency cash access.
- The platform supports cryptocurrency transactions, including Bitcoin and Ethereum.
- Coins.ph provides a user-friendly interface for seamless financial transactions.
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Funding
Total Funding
$39M
Below
Industry Average
Funded Over
3 Rounds
Industry standards
Growth & Insights and Company News
6 month growth
↑ 1%1 year growth
↑ 1%2 year growth
↑ 1%Mention the crypto boom sparked by Donald Trump’s return to the White House and Coins.ph CEO Wei Zhou puts his hands in the air like a fan cheering on his favorite team. “100%!” he says. “Like four hands up, if I had four hands.”. Trump, who was sworn into office on January 19, promised to make crypto a national priority during his campaign, and on Thursday, he signed an executive order supporting the growth of the crypto industry. Since his victory in November, bitcoin has climbed from around US$40,000 to over US$100,000.Coins.ph CEO Wei Zhou says the company hit profitability in 2024. / Photo credit: Coins.phZhou, the former chief financial officer of Binance who led the consortium that bought Coins.ph, a Philippine crypto exchange, in 2022, believes that a pro-crypto US president signals the end of the industry having to swim against a stream of US antagonism
Coins.ph, a leading cryptocurrency exchange, has partnered with global ride-hailing service inDrive and decentralized mapping network Hivemapper to launch the first blockchain-enabled fleet in the Philippines.
Coins.ph to unveil 'Launchpool' with Yield Guild Games.
Fasset partners with Coins.ph to launch "Pinoy Send," enabling Filipino expatriates in the UAE to send up to ₱ 50,000 to the Philippines within seconds.
For nearly its entire history, cryptocurrency has been searching for a sustainable product-market fit. From payments to speculative investments to supply chain management, the blockchain landscape’s past has been littered with attempts but little long-standing impact. Now, crypto is circling back to try its hand at payments again. Only today, the results appear to be, well, promising
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About Coins.ph
Industries
Consumer Software
Fintech
Crypto & Web3
Company Size
201-500
Company Stage
Series C
Total Funding
$39M
Headquarters
Manila, Philippines
Founded
2014
There are no jobs for Coins.ph right now.
Find jobs on Simplify and start your career today