Three years after acquiring Philippines-based Coins.ph, Indonesia’s Gojek has sold the e-wallet startup for at least twice the amount it paid for the company back in January 2019.
Several regional investors familiar with either Coins.ph—also called Coins—or Gojek confirmed the deal. The buyer is Wei Zhou, the former chief financial officer of global crypto exchange Binance. Zhou left the company abruptly in June 2021.
The Ken reached out to Zhou and Gojek. In a Telegram message to The Ken, Zhou confirmed the deal but didn’t elaborate further.
The deal signifies two things.