HomeNewsIndonesia-licensed crypto asset platform Pintu raises $113M in Series B

Indonesia-licensed crypto asset platform Pintu raises $113M in Series B


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Indonesia-licensed crypto asset platform Pintu raises $113M in Series B
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Indonesian crypto asset platform Pintu supplied the closure of a $113 million Series B funding spherical participated by four famed investors Pantera Capital, Intudo Ventures, Lightspeed, and Northstar Personnel.

Licensed by the Commodity Futures Shopping and selling Regulatory Company (Bappebti) under the Ministry of Change, Pintu caters to Indonesian crypto investors dealing in new cryptocurrencies, together with Bitcoin (BTC) and Ethereum (ETH).

Bappepti beforehand highlighted the doubling within the number of Indonesian crypto investors in 2021-2022, to which Jeth Soetoyo, Founder and CEO of Pintu, acknowledged:

“We deem that crypto adoption in Indonesia is most nice in its foundation phases, and educating users on the basics is serious to ensuring this progress continues in a healthy plot.”

Basically, the newest $113 million fund injection could be redirected to scale the platform’s existing offerings, comparable to introducing unique aspects and giving a need for blockchains. The firm additionally plans to add more tokens and originate unique merchandise to solidify its position in Indonesia extra.

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In fact two years since its inception, Pintu launched a helpful quantity of aspects of its cellular utility that enables users to design and stake their crypto holdings. Besides, half of the Series B funding could be dedicated to Pintu Academy, an academic program for crypto traders that targets to unfold consciousness about the opportunities and dangers of crypto investing.

A recent Cointelegraph prognosis from April 3 pointed out that crypto investments in Indonesia saw substantial progress between 2020-2022, with 4% of the country’s population having invested in crypto.

On the opposite hand, celeb involvement in crypto apparently fueled the adoption spree among Indonesian investors. Besides the participation of new stars comparable to Joe Taslim, Jessica Iskandar, and Shandy Aulia, the Indonesian celeb crypto scene witnessed a helpful quantity of nonfungible token (NFT) launches.

Disclaimer: This article is for informational capabilities only. It is no longer an immediate offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any merchandise, services, or companies. We no longer provide funding, tax, neatly suited, or accounting advice. Neither the corporate nor the author is guilty, straight or no longer straight, for any injury or loss precipitated or speculated to be precipitated by or in connection with the usage of or reliance on any insist, items, or services mentioned in this text.

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