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Coins Reaches Over a Million Customers, Raises $5M From Naspers to Expand Operations

Blockchain technology leader looks to cement leading position in Southeast Asia personal finance and payments market

MANILA, Philippines – May 24, 2017 – Coins, Southeast Asia’s leading blockchain-enabled mobile payments platform, announced today the closing of a $5 million funding round led by Naspers through its Naspers Ventures division, bringing the total amount raised in its Series A to over US $9.4 million. As one of the first examples of a digital financial service built on top of blockchain technology to gain traction with everyday consumers, Coins enables anyone – including those without a bank account – to access a broad range of financial services directly from their mobile phone. To date, the company has signed up over one million customers.

Today, the company also announced the appointment of James Caviness, Vice President and Chief Product Officer of Naspers business PayU, a ...

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