Coins.ph is one of the leading cryptocurrency and financial services platforms in the Philippines. Founded in 2014 by Ron Hose and Runar Petursson, the company set out to increase financial inclusion in Southeast Asia by providing mobile-first access to financial services, particularly for unbanked and underbanked populations.
The platform allows users to buy and sell cryptocurrencies including Bitcoin and Ethereum, send remittances, pay bills, purchase mobile airtime, and shop online. Coins.ph became widely adopted in the Philippines as a practical tool for everyday financial transactions, reaching millions of users who relied on it as a digital wallet even before engaging with cryptocurrency trading.
In 2023, Coins.ph was acquired by a consortium that included prominent Philippine business interests, marking a new phase for the company under local ownership. The platform holds a Virtual Asset Service Provider (VASP) license from the Bangko Sentral ng Pilipinas (BSP), the Philippine central bank, and continues to operate as a regulated cryptocurrency exchange and electronic money issuer. Coins.ph has played a significant role in driving crypto adoption in the Philippines, one of the most active cryptocurrency markets in Southeast Asia.
Venture Capital Rounds
Coins: $5 million - Series A
12-Oct-2016 | Financial Services
Investors: Accion Frontier Inclusion Fund, Amasia Venture, BEENEXT, Digital Currency Group, Global Brain Corporation, Innovation Endeavors, Pantera Capital, Rebright Partners, Wavemaker Partners
Headquartered: Manila
Country: Philippines