PH Digest: Coins.ph partners Western Union; Edukasyon buys FindUniversity

Manila Bay, Manila, Philippines. Photo: Eugenio Pastoral/unsplash

Philippines-based fintech startup Coins.ph has partnered with global remittance firm Western Union while education technology startup Edukasyon has acquired FindUniversity for an undisclosed amount.

Go-Jek-backed mobile wallet Coins.ph teams up with Western Union

Coins.ph, a blockchain-enabled mobile wallet startup in the Philippines backed by Indonesia’s ride-hailing giant Go-Jek, has announced its partnership with remittance firm Western Union.

The collaboration allows Coins.ph’s over five million wallet holders to receive funds from the remittance firm. Users can receive up to as much as P100,000 or roughly $1,907 per month, the maximum wallet capacity.

The partnership means Coins.ph users do not have to wait in line at Western Union outlets to collect their money. The remittance will be deposited straight to their electronic wallets.

Senders can send money straight to Coins.ph wallet through Western Union’s 550,000 agent locations in over 200 countries and territories, the local fintech startup said.

Gobi-backed edtech startup Edukasyon acquires FindUniversity

Edukasyon, an education technology startup in the Philippines, announced its acquisition of FindUniversity, an online directory of colleges, universities and academic programmes offered across the country, for an undisclosed amount.

FindUniversity, launched in 2010, enables access to over 20,000 academic programmes offered in over 900 higher education institutes across the Philippines. Edukasyon, on the other hand, connects over 1 million students every month to more than 10,000 educational institutions both in the Philippines and abroad.

With the acquisition, students browsing higher education options on FindUniversity.ph can now also access a comprehensive platform of resources, tools and content on Edukasyon.ph.

In May last year, Edukasyon raised an undisclosed amount in a pre-Series A funding round backed by KSR Ventures and French Partners. The Gobi Core Philippine Fund, a $10-million joint venture between Gobi Partners and Core Capital, also invested in Edukasyon early this year.

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