Go-Jek buys fintech startup Coins.ph for $72M ahead of Philippines expansion

Ride-hailing startup Go-Jek's expansion into the Philippines ran into problems earlier this month over its ownership structure, but that isn't deterring the Indonesian company from investing into the market. The startup claims five million registered users in the Philippines, where it offers a mobile wallet that covers payments, phone top-up, bill payment, public transport rides and more. Coins.ph started out offering crypto exchange services, but it pivoted to a broader focus on fintech, including mobile payments and financial services in recent times.