“As the fourth-most populous country in the world and with only 1-2% of Indonesians having exposure to cryptocurrencies, there is an immense opportunity for retail investors to gain access to diversified and dynamic investment opportunities through Pintu’s unique crypto-asset trade offerings,” Pintu’s CEO and co-founder, Jeth Soetoyo, said. ![]() The company plans to roll out new product offerings and hire additional talent. Pintu wants to tap into the huge potential of the Indonesian market where crypto adoption, while still low, has been growing steadily. Other high-profile participants include Alameda Ventures, Ventures, Coinbase Ventures, Castle Island Ventures, Pantera Capital, and Intudo Ventures. The $35 million Series A+ funding round was led by Lightspeed Ventures, according to Cointelegraph. The company plans to beef up its team and products offerings to expand its operations in Indonesia before entering other Southeast Asian markets. “We continue to support PINTU in its efforts to bring the adoption of crypto assets and financial services in Indonesia, driven by innovative products, actively educating the market, and providing an investment experience that suits the needs of local investors,” said Veradittakit.Īs for the Founding Partner of Intudo Ventures, Patrik Yip said Indonesia is currently seeing a very significant demand from the wider community for crypto trading assets.Indonesia’s crypto trading platform and mobile wallet Pintu has successfully raised $35 million in a recent funding round. Then Partner at Pantera Capital, Paul Veradittakit said crypto adoption is happening everywhere and Indonesia has proven itself as one of the fastest growing crypto asset markets in the world. ![]() “Since investing in August last year, PINTU has increased by 5 times and has become the leading crypto asset investment service platform in Indonesia and recruited the best team we have ever seen in the industry,” said Mohapatra. Partner at Lightspeed, Hemant Mohapatra said that his party is excited to continue the journey with PINTU and welcomes the arrival of a new partner from the Northstar Group. We always push ourselves to meet user needs and provide the best experience in investing crypto assets,” continued he. “The company will continue to build on this momentum by offering more new features and initiating appropriate strategies to bring crypto assets to more people. PINTU offers more than 50 tradable crypto assets such as Bitcoin and Ethereum. Launched in April 2020, PINTU is a local crypto platform in Indonesia. Currently the staff growth at PINTU has doubled since 2021 - as of April 2022 there are more than 200 employees. To support this growth, PINTU aggressively recruits top talent for all functions. ![]() “We believe that the adoption of crypto assets in Indonesia is only in its early stages, and educating the public is a very important fundamental to ensure this growth proceeds in a healthy way,” said PINTU Founder & CEO Jeth Soetoyo. To make it easier for crypto users in Indonesia, they built a PINTU for both new crypto asset investors and experienced investors. Pintu Academy is designed to provide education for investors about investing in crypto assets, from basic understanding to information about good and sustainable risk management. To improve literacy and education for investors, they will invest heavily in the Pintu Academy educational program. The fresh funds are planned to be used to launch new features, increase tradable tokens, support blockchain technology, and present various new products. Previously, PINTU had pocketed series A+ funding of $35 million or the equivalent of 503 billion Rupiah led by Lightspeed Venture Partners, and supported by Alameda Ventures, Castle Island Ventures, Ventures, Intudo Ventures and Pantera Capital.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |