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0Country: Singapore Year: 2014 Founded in 2014, CoinHako started out as the bitcoin trading platform allowing people in Singapore to convert fiat currency into bitcoin instantly and vice versa.Besides being Singaporean version of CoinBase, CoinHako also partnered with BitGo, a world leading bitcoin wallet provider insured by XL Group, which enabled the platform users to store the bitcoin in their digital wallet.CoinHako received a “six figure” personal investment from The Boost venture capitalist when it launched.The startup was also a participant from “Tribe 4” of Boost VC’s accelerator program.Concept Based in Singapore, CoinHako offers the first insured Asian Bitcoin Exchange in Southeast Asia starting in 2015.With the increasing use and recognition of crypto-currency along with backed regulations, the funded fintech is eyeing for more market share in Singapore and ASEAN.Apart from bitcoin wallet and trading services, CoinHako also provides blockchain consulting services including advisory & workshops in Singapore.

Key Figures: Trading Fee = 0.9% Funding: > $ 100,000 from The Boost VC Trading volume: > S$100,000,000 Fund storage rate = 99% Consumer Benefits No technical requirement: This fintech doesn’t require any technical knowledge from its users.Users can start using the service simply with a Singapore or Malaysia account.Security: CoinHako contracts with BitGo – the world’s leading secure crypto-currency wallet service – to secure its digital wallet.Meanwhile, 2-Factor authentication is available for all users.Cost efficiency: CoinHako charges its users a 0.9% trading fee for every transaction, which is much more competitive than traditional banking services.Fast: The partnership with Xfers enables users to top-up accounts within 10 minutes; Users can trade bitcoins online in real-time.How to use Sign up and to create the wallet with a valid email account within 1 day Top-up the CoinHako account via Xfers (an online payment gateway), local inter-bank transfer and international wire transfer Buy and sell bitcoins with SGD or USD instantly Users can also transfer bitcoin online to bitcoin address / by email / by SMS

Advertise Jobs at BTCManager BITCOIN PRICE: 2,719.00 HIGH: 2,743.99 LOW: 2,662.00 BTC = USD #TRENDING STORIES Next Event Money 20/20 Europe • June 26-28, 2017 European-focused event on Fin-tech, providing an overlook of the disruptive ways in which consumers and businesses manage, spend and borrow… → BTCMANAGER TWITTER: TOTAL TWEETS: 3850 total FOLLOWERS: 16159 official hashtag:#BTCManager BTCMANAGER Coins.ph, Southeast Asia’s Leading Blockchain Financial Services Platform, Gets $5 Million from Naspers Coins.ph, a mobile bitcoin-based financial services platform operating in the Philippines and Thailand, has raised $5 million in a Series A extension led by Naspers Ventures, a division of Naspers Group, one of the largest technology investors in the world.
ethereum beginningNaspers is a global internet and entertainment group based in South Africa and operating in more than 130 countries.
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, and specializes in emerging e-commerce and consumer business startups.Coins.ph's previous Series A funding round, which took place in October 2016, also raised $5 million and was led by the Accion Frontier Inclusion Fund, the first global fintech fund for the underserved, sponsored by Accion, a pioneer in global financial inclusion.
armory bitcoin offline walletCoins.ph have raised a total of $10 million from ten investors in its Series A to date, including well-known investors like Digital Currency Group and Pantera Capital.
bitcoin price rise graphFounded in early 2014 by Silicon Valley entrepreneurs Runar Petersson and Ron Hose, Coins.ph is a mobile financial platform connecting more than 300 million people in Southeast Asia who are currently out of reach for traditional banking services.
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Their platform utilizes existing retail infrastructure for deposits and withdrawals, cutting down on one of the biggest cost components of traditional retail banking.They now process thousands of transactions per day, including remittances, bills payment, mobile top-ups, and online shopping with virtual credit card payments.
bitcoin blingTheir Philippines operation is based in Manila, while their Thailand extension is based in Bangkok.
ethereum revenue"Coins has become a key component of our customers' everyday lives, allowing them to do everything from sending payments to shopping online," said Ron Hose, CEO of Coins.
bitcoin fog time"With Naspers Ventures, we've gained a great partner in our mission to democratize financial services by making them easily accessible and usable by anyone.
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We are extremely excited to be working together with them to build a more financially inclusive future."The effect that financial inclusion efforts have had on the global economy to date have been tremendously positive.They enable diversity and prosperity among communities that have been hitherto restricted.They allow users access to services and markets outside their region that may offer higher quality and/or lower rates and prices.This counters regional monopolies and quickens innovation.This inclusion would not be possible without Bitcoin and blockchain technology."Coins has done an excellent job of providing consumers with easy, cost-effective access to core financial services," explained James Caviness, VP and CPO of Naspers' PayU business; Caviness was also recently appointed as a Coins board member, "We expect Coins to continue to grow and expand across Southeast Asia."Coins.ph operates primarily in the Philippines and Thailand but plans to expand to other markets where consumer access to traditional financial services such as credit, banking, and remittances is either limited or prohibitively expensive.