Pintu, an Indonesia-based crypto-assets exchange company, announced that it has raised an undisclosed funding round.
Coinbase Ventures (a US-based blockchain and cryptoassets-focused VC firm) led the round along with Pantera Capital (US-based blockchain and cryptoassets-focused VC) and Intudo Ventures (Indonesia-only VC firm).
Blockchain.com Ventures, Castle Island Ventures, and Alameda Ventures, also participated.
The company has not revealed what it intends to do with the funding but has been ramping up its hiring for several roles.
Pintu was founded by Jeth Soetoyo last year with the intention to help local millennials and retail users invest in crypto assets such as Bitcoin, Ethereum
“We are witnessing immense crypto assets volume growth within less than a year of our app launch in April 2020. Frankly, this is just the tip of the iceberg given the fact that the Indonesian crypto assets industry is still five years behind the US. We have a mission to exponentially grow market adoption via crypto assets literacy, best-in-class user experience, and customer trust. In terms of next steps, our focus lies on expanding our token offerings, features, and product with a key focus on making our customers happy,” Soetoyo said.