Coinomo, Southeast Asia’s retail cryptocurrency gateway, announces new round of strategic financing, led by top Venture Capital fund in Southeast Asia.
Coinomo is launching its beta version now. The first markets are Indonesia and Taiwan.
On the heel of acquiring Taiwanese crypto wallet Dapp pocket and yield aggregator Cappuu, Coinomo has announced a new round of financing.
Coinomo works with the license holders in each country and aims to be Southeast Asia's largest and most widely used crypto gateway, where the 665m population will by default use Coinomo for all their cryptocurrency needs. Coinomo's beta mobile application allows users to buy and sell cryptocurrency pairs and participate in yield products of various return profiles. Coinomo differentiates itself from competitors through its extremely intuitive user interface, guiding and onboarding users with little hassle. Users do not need to spend days learning or getting comfortable with the product and crypto space. Through its intuitive interface and retail design, even customers with no prior knowledge can start trading from Day 1. Coinomo wants to build a crypto ecosystem that is social, vibrant and fun.
In the beta version, Coinomo will start by offering three yield products, that provide a glimpse of more products to come that quantify and match our customers’ risk and return requirements.
The crypto space has seen a strong resurgence in the last 12 months, and especially high level of publicity and trading in the past months. New use cases for cryptocurrencies have breathed new life into the already booming industry, the division between main street and crypto is getting thinner and thinner.
"Blockchain and crypto assets industry have grown exponentially in Indonesia over the past 5 years. Estimated number of traders in Indonesia has reached a significant number, over 4.2 million traders in 2021. More and more talented young people like the Coinomo team are setting up start-up companies in Indonesia to further grow this market and serve the customers here. We want to continue to nurture this upward trend.” says Muhammad Deivito Dunggio, Chairman of Asosiasi Blockchain Indonesia.
“We want to bring our expertise in consumer products into Coinomo and make this a fun and vibrant community. Investing with Coinomo is fun, our customers would love to open our app and to stay in the app. Easy to use and fun are the foundation for consumer products. We keep that in mind in every detail and product feature in our design.” Said Evie Zhang, CEO of Coinomo.