The three of them discovered that they were in sync with the idea of disrupting the payments industry, especially in Southeast Asia. Thee idea for CoinPip started off as a bitcoin payment processor but the team very quickly realized the adoption of bitcoin as a currency is going to take a while in Southeast Asia. But that didn’t mean that the money transfer market didn’t need to be disrupted. After going through the 500 Startups Accelerator back in October 2014, CoinPip is now a blockchain-powered, end-to-end payment service for businesses. Businesses of any size can deposit money in their currency and send money directly to the receivers’ bank accounts.
As of Fall 2015, CoinPip raised approximately $560,000USD from 500 Startups and prominent angels in China, Singapore and Silicon Valley where their combined experience from Paypal, Standard Chartered, DBS (Development Bank of Singapore), VISA and Bank of America, can help propel CoinPip to the next level.
Just like the 500 Startups family, the Columbia family will be able to receive the same money transfer offer where you can transfer money overseas for just 1% or less to the countries we support – no forex charges and no minimums. That means if you want to transfer $20 to Indonesia, we only charge $0.20. Sign up
with your Columbia email and you can claim the lifetime offer.