Naspers Ventures, the corporate venturing arm of media and e-commerce group Naspers, led the $5m second tranche on Tuesday of a series A round for Philippines-based blockchain-equipped mobile payment platform Coins. The $5m first tranche closed in October 2016 and included Kickstart Ventures and Ideaspace Foundation, respective subsidiaries of telecom firms Globe Telecom and Smart Communications, as well as Accion Frontier Inclusion Fund, Wavemaker Partners, Global Brain, BeeNext, Rebright Partners, Innovation Endeavors, Pantera Capital and Digital Currency Group.
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