PINTU Completed Series B Funding Worth 1,6 Trillion Rupiah

Crypto asset trading and investment platform PINTU announced that it has completed a series B funding round of $113 million or IDR 1,6 trillion. This funding came from Intudo Ventures, Lightspeed, Northstar Group, and Pantera Capital.

Previous PINTU has pocketed funding series A+ pendanaan funding of $35 million or the equivalent of 503 billion Rupiah. The round was led by Lightspeed Venture Partners, and supported by Alameda Ventures, Blockchain.com Ventures, Castle Island Ventures, Intudo Ventures and Pantera Capital.

The fresh funds are planned to be used to launch new features, increase traded tokens, support technology blockchain, and presents a variety of new products.

To improve literacy and education for investors, they will invest heavily in educational programs Pintu Academy Pintu The Academy is designed to educate investors about investing in crypto assets, from basic understanding to information about sound and sustainable risk management.

"To make it easier for crypto users in Indonesia, we built PINTU for new crypto asset investors as well as experienced investors. We believe that the adoption of crypto assets in Indonesia is only in its early stages, and educating the public is fundamental to ensuring this growth proceeds in a healthy way,” said Founder & CEO. PINTU Jet Soetoyo.

To support this growth, PINTU aggressively recruit the best talent for all functions. Currently staff growth at PINTU grew by 2x since 2021 --- as of April 2022 there were more than 200 employees.

Launched in April 2020, PINTU is a local crypto platform in Indonesia. PINTU offers more than 50 tradable crypto assets such as Bitcoin and Ethereum.

Add featured features

PINTU has introduced a variety of new features that can already be used, including, Pintu Earn which offers users to get rewarded in the form of Annual Percentage Year (APY) which is paid hourly and without lock-in period. Then, there are also features Pintu Staking (PTU Staking) for holders Pintu Token (PTU) it is enough to lock the PTU Token assets owned and will get various exclusive benefits.

"We will continue to build on this momentum by offering more new features and initiating appropriate strategies to bring crypto assets to more Indonesians," said Jeth.

Currently PINTU has been supported by many payment channel options such as bank accounts, up to e-wallet which is integrated directly into the application. Since launch, PINTU has been downloaded by more than 4 million users. Legally, PINTU is a crypto asset investment platform that is officially registered and licensed by the CoFTRA.

At CoFTRA, there are currently several applications that serve similar transactions/investments, including:

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