fbpx
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • REGISTER
  • login
No Result
View All Result
No Result
View All Result
Home Featured

Coins.ph announces new management under Joffre Capital and Wei Zhou-led consortium

Team AsiaTechDaily by Team AsiaTechDaily
18 April 2022
in Featured, FinTech
0
Coins.ph
31
SHARES
Share on FacebookShare on Twitter
Bookmark (0)

Please login to bookmark

No account yet? Register

Coins.ph, the Philippines’ leading fiat and crypto wallet services provider, has finalized the acquisition by global technology buyout firm Joffre Capital and received the necessary regulatory approvals.

The new shareholders and management team under the helm of Wei Zhou, former chief financial officer of the global crypto exchange Binance, have recently joined the business and will strategically focus on blockchain and digital asset initiatives.

“We are excited to be working with Joffre Capital to commit Coins.ph to the mission of bringing financial empowerment through blockchain technology and innovation. We have seen digital assets and Web3 applications impact everyday life in the Philippines and are honored to have the opportunity to build fully regulated products and services that will enable financial freedom for our users,” said Wei Zhou, CEO of Coins.ph.

Existing products and services will remain in the app but will be modernized for a seamless user experience. Coins.ph’s new initiatives will be focused on Web3, with new crypto products and services set for launch within the year.

“As a technology-focused buyout investor, Joffre Capital sees tremendous opportunity for value creation in Coins.ph to be innovative and crypto native to serve the digital-first users in the Philippines and other regions in the future. We are excited to be driving this mission with our partners led by Wei Zhou as the new CEO. The new management team’s technology and operational expertise is world class,” said Ding’an Fei, Managing Partner at Joffre Capital.

In addition to new products and services, Coins.ph plans to be much more active in the local community through online and offline events sponsorships, as well as regular user engagement and financial education initiatives.

Coins.ph currently has over 16 million users enjoying access to digital financial services such as e-wallet services, payments, and cryptocurrency trading.

The deal was advised by Spartan Group, a leading Asia-based blockchain and cryptocurrency advisory and asset management firm.

Previous Post

BNPL startup BillEase secures $20m to expand growth in Philippines

Next Post

South Korea’s largest accelerator program K-Startup Grand Challenge 2022 invites applications

Related Posts

edit post
Holmusk
Featured

Healthtech startup Holmusk raises $45m to continue rapid expansion

January 23, 2023
edit post
Xendit
FinTech

Indonesia’s Xendit enters Malaysian market to offer hyperlocal payment solutions

January 23, 2023
edit post
Jumppoint
Featured

Hong Kong-based logistics platform for e-commerce merchants Jumppoint raises $6.5m in series A

January 16, 2023
edit post
Flik
Featured

Indonesian startup Flik scores $1.1m in East Ventures-led funding round

January 10, 2023
edit post
Alterpacks
Featured

Alterpacks’ commercialization drive gets boost with $1m funding

January 5, 2023
edit post
HD
Featured

Thai healthcare, surgery marketplace HD raises $6m in funding

January 4, 2023
Next Post
edit post
KSGC 2022

South Korea’s largest accelerator program K-Startup Grand Challenge 2022 invites applications

Discussion about this post

No Result
View All Result

Follow Us

FREE NEWSLETTER




Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Ecosystem
    • Marketplaces & E-commerce
    • Robotics
    • Investments
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • Forums
  • Jobs
  • REGISTER
  • Login

Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

We hope you enjoy our content, May you please give us Feedback regarding our website!

Single Post Feedback