# Betur

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/betur

- Industry: Financial Services
- Headquarters: Pasig City, Philippines
- Website: www.coins.ph
- Total disclosed funding: $40M
- Latest round: Series C (May 19, 2022)
- Investors on record: 14

## About

Betur, Inc. operates as a leading cryptocurrency platform in the Philippines, facilitating secure buying, selling, and storage of digital currencies with a focus on inclusivity and user-friendly services.Founded in 2014 in Pasig City, Philippines, Betur, Inc. specializes in cryptocurrency solutions. The company has completed eight funding deals, with the most recent being a Series C round of USD 30.00 mn led by Ribbit Capital on May 19, 2022. The founder has not been specified in available information.Coins.ph offers a comprehensive suite of products and services designed to simplify the buying, selling, and storage of cryptocurrency in the Philippines. Their core offerings include a user-friendly crypto wallet and an innovative digital currency exchange known as Coins Pro, which facilitates seamless transactions with competitive fees. The platform allows users to engage in various activities beyond just trading, such as purchasing mobile load, paying bills, and managing government contributions, all from a mobile device. With a client base exceeding 16 million users, Coins.ph aims to serve a diverse range of individuals, from crypto beginners to seasoned investors, and it addresses the growing demand for accessible financial services in the Philippines and across international markets, including Australia and Brazil.Coins.ph generated revenue of USD 2,030,702.90 in the most recent year 2023, with an EBITDA of USD -17,096,323.50. The platform generates revenue primarily through transaction fees associated with its cryptocurrency trading services. The fee structure allows users to engage in various functionalities, such as buying and selling cryptocurrency with minimal costs and facilitating high-volume transactions for both individual and business clients. Revenue is also derived from partnerships and collaborations, particularly with retail and wholesale entities, enhancing the user experience by enabling transactions for everyday services.In May 2022, Betur, Inc. raised USD 30.00 mn in Series C funding, led by Ribbit Capital. The company plans to utilize this funding to expand its Web3 ecosystem and enhance its presence throughout Southeast Asia. There are currently no specific details on new products or geographic expansion timelines, but the focus will be on leveraging the recent investment to support these growth initiatives.

## Funding rounds

- Series C, May 19, 2022, $30M — Ribbit Capital
- Series A, May 24, 2017, $5M — Prosus Ventures
- Series A, Oct 24, 2016, $5M — Wavemaker Partners, Innovation Endeavors, Global Brain, Digital Currency Group, Kickstart Ventures, Rebright Partners, IdeaSpace, Pantera Capital, BEENEXT, Quona Capital
- Seed, Aug 19, 2015 — Wavemaker Partners
- Seed, Jul 21, 2015 — Digital Currency Group, Pantera Capital, Amasia, Redbright Partners

## Investors

- Digital Currency Group (https://capitalatlas.ai/funds/digital-currency-group) — Seed, Series A
- Pantera Capital (https://capitalatlas.ai/funds/pantera-capital) — Seed, Series A
- Amasia (https://capitalatlas.ai/funds/amasia) — Seed
- Redbright Partners — Seed
- Wavemaker Partners (https://capitalatlas.ai/funds/wavemaker-partners) — Seed, Series A
- Innovation Endeavors (https://capitalatlas.ai/funds/innovation-endeavors) — Series A
- Global Brain (https://capitalatlas.ai/funds/global-brain) — Series A
- Kickstart Ventures (https://capitalatlas.ai/funds/kickstart-ventures) — Series A
- Rebright Partners (https://capitalatlas.ai/funds/rebright-partners) — Series A
- IdeaSpace (https://capitalatlas.ai/funds/ideaspace) — Series A
- BEENEXT (https://capitalatlas.ai/funds/beenext) — Series A
- Quona Capital (https://capitalatlas.ai/funds/quona-capital) — Series A
- Prosus Ventures (https://capitalatlas.ai/funds/prosus-ventures) — Series A
- Ribbit Capital (https://capitalatlas.ai/funds/ribbit-capital) — Series C