Cryptocurrency investors in Indonesia doubled last year, and Pintu aims to position itself for the disruption. The crypto asset platform announced the closure of a $113 million Series B funding round with participation by four prominent investors.
Bappepti previously highlighted that the number of Indonesian crypto investors in 2022 doubled from 2021, to which Jeth Soetoyo, founder and CEO of Pintu, said:
“We believe that crypto adoption in Indonesia is only in its beginning stages, and educating users on the fundamentals is critical to ensuring this growth continues in a healthy way.” The latest $113 million fund injection will be redirected to scale the platform’s existing offerings, such as introducing new features and support for blockchains. The company also plans to add more tokens and launch new products to solidify its position in Indonesia further.
In the only two years since its inception, Pintu has launched numerous features on its mobile application that allow users to earn and stake their crypto holdings. In addition, a part of the Series B funding will be dedicated to Pintu Academy, an educational program for crypto traders that aims to spread awareness about the opportunities and risks of crypto investing.
Celebrity involvement in crypto seemingly fueled the adoption spree among Indonesian investors. In addition to the participation of popular stars such as Joe Taslim, Jessica Iskandar and Shandy Aulia, the Indonesian celebrity crypto scene witnessed numerous
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