By Zoran Temelkov June, 2022
The blockchain company Pintu, launched in 2020, is registered and regulated under a license issued by the Indonesian Commodity Futures Trading Regulatory Agency (Bappebti), which falls under the Ministry of Trade. The platform tackles a market of more than 10 million potential users by offering more than 65 crypto assets.
The Indonesian crypto asset platform Pintu completed its Series B funding round in June 2022, raising $113 million. Four prominent venture capitalist firms, Pantera Capital, Intudo Ventures, Lightspeed, and Northstar Group, participated in this funding round.
The funds will be used to expand the platform’s current offerings and the number of supported coins, provide support for blockchains, offer new features for platform users and develop new products.
Pintu Series A funding round was led by Pantera, Intudo, and Coinbase Ventures, in May 2021, and in this round, the crypto platform raised $6 million. Few months after its Series A round, in August 2021, the company closed a Series A+ funding round, raising an additional $35 million. The extended funding round was led by Lightspeed Ventures, while other investors also took participation.