Coins for a Cause: Philippine Tech Start-ups are Raising Money for Marawi
Coins.ph is leading the way
PHOTO CREDIT: Getty Images
Philippine local payments start-up Coins.ph is leading the way for tech start-ups to raise money for some 400,000 people currently displaced by the ongoing armed conflict in Marawi City in Lanao del Sur, a province located south of the Philippines.
The initiative is called #TogetherforMarawi on social media, and Coins.ph has set up a dedicated website to track donations in real time with a goal of raising P250,000 ($5,000). Funds raised in the campaign will be used to deliver food, water, and sanitary supplies to those affected by the conflict.
“The humanitarian crisis in Marawi continues to grow worse every day and we realized that we cannot simply stand by while this is happening,” says Ron Hose, co-founder and CEO of Coins.ph, in a statement.
Coins.ph will also be donating P5 for every load purchase or unique bill paid through its mobile app for transactions made on July 17. Proceeds will be donated to such non-profit organizations as Philippine Red Cross and Save the Children.
Tech start-ups have inc-aseann.committed to contribute to the #TogetherforMarawi campaign by donating a day’s worth of salary for the cause. Companies that have already pledged include Kickstart Ventures, Satoshi Citadel Industries, Tala, BlastAsia, CapChain, PaidUp, QuickReach, WaveMaker Partners, Quona Capital, PawnHero, and Kalibrr.
“Marawi hits close to home for Kalibrr as we have a team member from there, and we’re glad to partner with Coins.ph to enable those with the ability to help those in need,” says Paul Rivera, CEO of Kalibrr.
Coins.ph users can donate using their Coins.ph wallet by scanning the QR code found on the campaign’s website. For start-ups, at least two people can donate one day’s worth of salary to the cause, all with the use of a QR code.