indonesian pintu 35m series a lightspeed

Crypto assets are currently the most popular investment class in the country, notwithstanding their volatility.Īccording to the Ministry of Trade, there were almost 6.6 million crypto investors in Indonesia as of June 2021, which was greater than the country’s 5.6 million stock investors at the time. The Futures Exchange Supervisory Board (Bappebti) of the Ministry of Trade and the Ministry of Communications and Information have both registered and licensed Pintu (Kominfo). They look forward to supporting greater financial inclusion for Indonesians from all walks of life with the assistance of their investors, said Pintu co-founder and CEO Jeth Soetoro. The Indonesian Commodity Futures Trading Regulatory Agency has exchange-listed as a licensed crypto broker. Pintu launched in April 2020 with the goal of making trading easier for newcomers. Pintu estimates that there were over 6.6 million crypto investors in Indonesia as of June 2021, about three times the country’s 2.2 million public equities investors. Though, with a population of over 273.5 million people, this does not appear to be impeding development in the world’s fourth-largest country by population. It comes as Indonesia considers a plan to tax earnings from cryptocurrency trading in light of its growing popularity. The Series A follows a $6 million funding round headed by Pantera Capital, Intudo Ventures, and Coinbase Ventures in May. The $35 million will be used to hire additional employees, strengthen Pintu’s market position through strategic alliances, launch instructional marketing initiatives, and introduce new goods and services. Alameda Ventures, Ventures, Castle Island Ventures, Coinbase Ventures, Intudo Ventures, Pantera Capital, and others also participated. Lightspeed Venture Partners sponsored an extended Series A investment round for Pintu, an Indonesian bitcoin exchange. The extra funds will be used to employ new people across all departments, form strategic alliances, conduct education campaigns, roll out new products and services, and grow into other asset classes, among other things.Though, with a population of over 273.5 million people, this does not appear to be impeding development in the world’s fourth-largest country by population.

Alameda Ventures, Ventures, Castle Island Ventures, Coinbase Ventures, Intudo Ventures, Pantera Capital, and others also participated Lightspeed Venture Partners sponsored an extended Series A investment round for Pintu, an Indonesian bitcoin exchange.MakersPlace Raises $30M in Funding Round Led by Pantera Capital and Bessemer Venture Related StoriesĪ16z, BlockTower, Alameda Back $12.5M Round for TrustToken “With the support of our investors, we look forward to facilitating greater financial inclusion for Indonesians from all walks of life,” said Jeth Soetoyo, co-founder and CEO of Pintu. The exchange is registered as a licensed crypto broker under the Indonesian Commodity Futures Trading Regulatory Agency. Pintu began in April 2020 with a focus on simplifying the trading experience for beginners. As of June, Pintu said Indonesia had more than 6.6 million crypto investors, triple that of the country’s 2.2 million public equity investors. The prospects of taxes does not appear to be slowing progression of crypto in the world’s fourth-largest country by population with about 274 million people. It comes as Indonesia has been eyeing a plan to tax profits on crypto trading in response to the increasing popularity of digital coins. The Series A extends from a $6 million funding round in May that Pantera Capital, Intudo Ventures and Coinbase Ventures also led. Related: Hedge Fund Billionaire Steven Cohen’s Point72 Leads $21M Funding Round in Messari

Indonesian pintu 35m series a lightspeed