← Embedded Finance Index 2026

Coins.ph

“Can a BSP-licensed crypto-native super app become the default cross-border settlement rail into the Philippines?”

Founded2014
HQPasig City, Philippines
Latest roundSeries C, 2023 ($30M)
IndustryFintech / Crypto
The story

Founded 2014 as a crypto-first e-wallet targeting the underbanked Filipino market, Coins.ph became the first Asian crypto company to hold both VC and EMI licenses from a central bank. Acquired by Go-Jek in 2019 for $72M, later passed to Joffre Capital and raised a $30M Series C from Ribbit Capital in 2023. The company has evolved from a consumer PHP<>crypto wallet into a full-stack super app spanning bills, QR Ph, remittances, corporate FX, and a professional exchange (Coins Pro) — while expanding cross-border via Circle's stablecoin network and Clear Junction's European rails to serve institutional and remittance corridors into the Philippines.

Last 12 months
2026-06
2026-04
0000-00
Product timeline
0
Granted Type A EPFS license by BSP — first VASP with bank-tier license· banking
0
Joins Circle Payments Network as beneficiary financial institution for PHP payouts· banking
2014
Founded as Philippines' first crypto-native e-wallet, gains BSP VC + EMI licenses· banking
2019
Acquired by Go-Jek for ~$72M ahead of Philippines expansion· acquisition
2022
Partnership with Fireblocks for MPC-based crypto custody· banking
2023
$30M Series C led by Ribbit Capital under Joffre Capital ownership· banking
2026
Partners with Clear Junction for EUR/GBP virtual IBANs into Europe/UK· banking
Regulated entities
4
regulatory licences held by Coins.ph
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
7 layers disclosed in Coins.ph’s embedded-finance stack
Payments / PSP
Coins WebPay (self-operated)Coins Pay (self-operated)QR Ph (national rail)
Money movement
in the full report
Banking / BaaS
in the full report
Lending
in the full report
Insurance
in the full report
FX & payouts
in the full report
Crypto
in the full report
Accounting gap: significant
14 more providers across 6 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.