• Newsletter
  • Contact
  • Press Releases
Friday, June 6, 2025
Stay Ahead with Heaptalk: Your Go-To Source for Business News
  • Login
  • Register
  • Whats on
  • News
  • Events
  • Technology
  • Industry
  • GovAct
  • Expert Talk
  • Insight
  • Sustainability
No Result
View All Result
Stay Ahead with Heaptalk: Your Go-To Source for Business News
  • Whats on
  • News
  • Events
  • Technology
  • Industry
  • GovAct
  • Expert Talk
  • Insight
  • Sustainability
No Result
View All Result
Stay Ahead with Heaptalk: Your Go-To Source for Business News
No Result
View All Result
Home Feature News

Coinomo Bags Investment Led by Vertex Ventures Focusing on Crypto Exchange

Wulan by Wulan
March 22, 2024
in Feature News, News
0
coinomo crypto exchange
Share on FacebookShare on Twitter

Heaptalk, Jakarta – Coinomo, the company behind the latest cryptocurrency exchange OMO focused on Southeast Asia, has secured an undisclosed amount in a new round of financing led by Vertex Ventures Southeast Asia & India. They plan to focus on delivering an experience to trade cryptocurrencies (crypto exchange).

The round was also joined by zVentures, the corporate VC of Razer; Spartan Group, a blockchain advisory and digital asset management firm based in Singapore and Hong Kong; and Leo Cheng, an investor with MetaCartel Ventures, a community-driven investment decentralized autonomous organization consisting of founders and builders.

Existing investor Turn Capital, the family office of 17LIVE’s co-founder and non-executive chairman Joseph Phua, also participated.

World Ai Jakarta 2025
World Ai Jakarta 2025

With this fresh news, Coinomo aims to be the largest and most widely used crypto gateway in Southeast Asia, where more than 665 million people will potentially use Coinomo for all their digital currency needs. The development comes just a month after Singapore-based Coinomo acquired Taiwanese crypto wallet Dapp pocket and yield aggregator Cappuu.

OMO merges Dapp Pocket Wallet and Cappuu into a single platform and aims to be the gateway for Southeast Asia’s new and mainstream adopters to the world of crypto.

As per a press statement, OMO offers a high-quality user experience and eliminates unnecessary details and confusion.

Coinomo also offers OMO finance, a platform that serves as a higher-order product, catering to more seasoned crypto investors, to join and enjoy the raging waves of the crypto movement on the main street. The crypto startup will offer diligently crafted investment-grade products exclusively on this platform.

The company has also announced the launch of OMO’s beta version that allows users to buy and sell cryptocurrency pairs and participate in yield products of various return profiles.

The crypto space has seen a strong resurgence in the last 12 months, exceptionally high publicity and trading levels 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.

“There is increasing interest and continued innovative applications in the crypto space. Coinomo is putting in place a platform to enable retail investors to participate in the ecosystem according to their return profiles easily. It provides significant value by abstracting away the complexity and perplexity for the general public retail users while also mitigating risks away from many projects,” said Genping Liu, Partner at Vertex Venture SEAI.

“Vertex sees this as an infrastructure play to facilitate further development of the cryptocurrency ecosystem,” Liu added.

“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 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.

 

Tags: coinomocryptocrypto startupgenping liustartupvertex ventures

Related Posts

Paving the Way for Expatriate Homeownership: Savyavasa and Permata Bank Launch Exclusive Foreign Mortgage Program

Paving the Way for Expatriate Homeownership: Savyavasa and Permata Bank Launch Exclusive Foreign Mortgage Program

June 5, 2025
KL1 Phase 2 has been completed. Credit: Equinix

Equinix completes KL1 Phase 2 data center in Kuala Lumpur

June 2, 2025
Commemorating Professor Soemitro's 108th anniversary at Soemitro Center (05/29). Credit: Haris

Soemitro Center: A platform for Indonesia’s young economists

May 31, 2025
Lifree breathable adult diapers can help improve skin health. Credit: Haris

Unicharm research: Lifree improves quality of life for elderly

May 31, 2025
Xiaomi's premiumization strategy has yielded positive results in Q1 2025. Credit: Sinta

Applying premiumization strategy, Xiaomi gains 64.5% net profit jump in Q1 2025

May 31, 2025
Kaspersky appointed Defi Nofitra as first country manager for Indonesia. Credit: Kaspersky

Kaspersky appoints Defi Nofitra as first country manager for Indonesia

May 31, 2025
  • 32321

    New tech layoff chapter, Microsoft lays off thousands of its cloud unit ‘Azure’

    1 shares
    Share 0 Tweet 0
  • Nokia rolls out 6600 5G Ultra

    0 shares
    Share 0 Tweet 0
  • Performing a second layoff round, Morgan Stanley to reduce 3,000 workforces in Q2 2023

    1 shares
    Share 0 Tweet 0
  • TikTok Shop to reach a US$15 billion in its GMV transactions

    1 shares
    Share 0 Tweet 0
  • International Women’s Day – Opportunity for Businesses to Support Women in the Workplace

    0 shares
    Share 0 Tweet 0
the 10th world battery & energy industry expo 2025World Ai Jakarta 2025
Heaptalk business news logo

We Build an Ecosystem by Sharing Business News, Headlines and Expert Talks in Professional Perspective and Positive Point of View. Latest business news media headlines platform today.

Recent Posts

  • Paving the Way for Expatriate Homeownership: Savyavasa and Permata Bank Launch Exclusive Foreign Mortgage Program
  • Equinix completes KL1 Phase 2 data center in Kuala Lumpur
  • Soemitro Center: A platform for Indonesia’s young economists
  • Unicharm research: Lifree improves quality of life for elderly
  • Applying premiumization strategy, Xiaomi gains 64.5% net profit jump in Q1 2025

Follow Us

Facebook
Twitter
LinkedIn Youtube Instagram RSS

Newsletter

  • About Us
  • Editorial
  • Newsletter
  • Contact
  • Privacy Policy
  • Cyber Media Guidelines
  • Disclaimer
  • SOP Perlindungan Wartawan

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT
No Result
View All Result
  • Home
  • News
  • Technology
  • Industry
  • GovAct
  • Events
  • Whats on
  • Expert Talk
  • Insight
  • Sustainability
  • Newsletter
  • Press Releases
  • Login
  • Sign Up

© 2024 Heaptalk.com