Launched in 2014, bitcoin startup Coins has focused on promoting financial inclusion in Southeast Asia. Several players going into this field, like ABRA. Main question is whether given the low cost and volume per transaction what level of volume is needed to be competetive versus existing players and attackers
Launched in 2014, bitcoin startup Coins has focused on promoting financial inclusion in Southeast Asia. Armed with services in the Philippines and Thailand, Coins garnered early interest from major merchants while signing up more than 500,000 app users – yet, it hasn't been public about its activities since 2015. That might soon change, however, as Coins has raised $5m in funding from an impressive array of global investors to further develop its mobile wallet and supporting services such as remittances and bill payments. Announced today, the Series A round was led by Accion Frontier Inclusion Fund, a fund dedicated solely to startups focused on financial inclusion. The round also included participation from BeeNext, Digital Currency Group, Eric Schmidt's Innovation Endeavors, Global Brain, Pantera Capital, Rebright Partners and Wavemaker Labs.