Coins.ph, the blockchain-based platform has yet again changed ownerships, three years after an Indonesian decacorn bought the Philippine-based startup. The Indonesian IT giant Gojek purchased Coins.ph in 2019 for USD 95 Million and sold it for $200 Million to former CFO of Binance, Wei Zhou. According to the sources, the deal value is twice as much as what Gojek paid to acquire the startup in the first place. The-ken: Three years after Indonesian tech major Gojek bought Philippine crypto startup Coinsph for $95 million, it has sold it for double the amount to Wei Zhou, former CFO at Binance. Coinsph said it has 10m users and hold two licenses from central bank. https://t.co/gzUCLIzwBU — Wu Blockchain (@WuBlockchain) April 4, 2022 Overview of Coins.ph The Southeast Asian fintech Bitcoin exchange was established in 2014 by Ron Hose with the mission to include digital currency to all so that everyone with or without a bank account can access financial services via their phone. The firm’s mobile services included access to banking and digital payment services such as bill payments, game credit, online shopping, and much more. It is one of the first of its kind blockchain-backed platforms to garner 10 million consumers. The Deal Between Gojek and Zhou After CEO and Co-founder Ron Hose resigned from his position, he put away all his rights in the hands of Hassan Ahmed who left the company in 10 months. Then, Gojek took the reigns in...
