Indonesian crypto asset exchange company Pintu has completed a series A+ funding round, with a total funding of US$35 million. The funding was led by Lightspeed, and backed by Alameda Ventures, Blockchain.com Ventures, Castle Island Ventures, Coinbase Ventures, Intudo Ventures, Pantera Capital and others. Co-Founder and CEO of Pintu Jeth Soetoyo said, "We built Pintu with the belief that crypto is not just a technology, but also an asset class and community that will help overcome barriers to financial inclusion in Indonesia. "For the first time, Indonesians can invest and trade with the rest of the world," he said in an official statement, Thursday (10/8/2021).
As the fourth most populous country in the world, said Jeth, only 1-2 percent of Indonesians are exposed to cryptocurrency assets. This shows that there is a huge opportunity for retail investors to gain wider access to various investment opportunities through the crypto asset trading offering of Pintu. Lightspeed representative Hermant Mohaprata added, "Lightspeed has invested in more than 17 crypto and blockchain companies worldwide including FTX, Blockchain.com, Offchain Labs, and many more. It believes that crypto is at a transition point to become the most important asset class in the world, and will give rise to many companies that will become regional leaders. "We can't wait to help them become a leading brand in the crypto world, not only in Indonesia, but in the next few years, as well as reaching all of Southeast Asia," he said. Founded in April 2020, Pintu is an asset exchange application that is committed to solving the problems of millennials and retail investors who want to invest in various crypto assets such as Bitcoin, Ethereum, and other hhgDesigned for both novice and professional crypto investors, Pintu helps investors trade, analyze, manage assets and learn about cryptocurrencies through a platform that is equipped with a simple UI/UX interface, comprehensive trading tools, advanced security features, and educational content.
