Indonesian crypto investment platform Pintu lands $113m Series B funding
Jakarta-based cryptocurrency trading platform Pintu has raised $113 million in a Series B funding round.
Investors in the round include Intudo Ventures, Lightspeed, Northstar Group and Pantera Capital.
With the new infusion of capital, the start-up says it plans to launch new features and products as it looks to continue its growth.
The firm also plans to invest in the Pintu Academy educational programme to help investors improve their knowledge of crypto, better understand the risks of investing in crypto assets and carry out healthy and sustainable trading and investment practices.
“We will continue to build on this momentum by offering more new features and initiating appropriate strategies to bring crypto assets to more Indonesians,” says Jeth Soetoyo, founder and CEO of Pintu.
Since its launch in April 2020, Pintu claims its app has been downloaded by more than 4 million users in Indonesia. The firm has also doubled its staff headcount since 2021, with over 200 employees as of April 2022.