Pintu bags $113m Series B to meet Indonesian crypto demand

Pintu, a popular Indonesian crypto exchange, has closed a $113 million (£90m) Series B round of funding as the country’s crypto market experiences a boom in popularity.

The round, which leads on from a $35 million Series A last August, saw investment from prominent firms such as Pantera Capital, Intudo Ventures, Lightspeed, and Northstar Group.

Pintu is licensed by Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti) under the Ministry of Trade,...

7 June 2022 | Cryptocurrency

BlockApps raises £31m to expand traceability enterprise platform

Blockchain

BlockApps has raised $41 million (£31.4m) in funding for the expansion of its blockchain-as-a-service (BaaS) platform, STRATO.

STRATO is an Ethereum-compatible blockchain solution that helps enterprises bring more transparency and traceability to their operations.

The oversubscribed funding round was led by Liberty City Ventures, with participation from new investors Morgan Creek Digital, Eidetic Ventures, and Givic. Combined with a prior $9 million (£6.9m) financing...

20 April 2022 | Enterprise

VALR exchange nets record African funding round with £36m Series B

Africa

VALR, a South African crypto exchange operating out of Johannesburg, has raised £36 million in a Series B round led by Pantera Capital.

The investment marks the largest ever African cryptocurrency funding round, leaving VALR with a £180 million valuation.

Other investors included Alameda Research, Cadenza, CMT Digital, Coinbase Ventures, Distributed Global, GSR, Third Prime, and more.

The investment world has been taking increased interest in Africa as an...

2 March 2022 | Enterprise

Slope Finance rakes in £6m Series A for cross-chain Solana wallet

Slope

Slope Finance, a decentralised exchange and wallet based on the Solana network, has raised $8 million (£6m) in Series A funding.

The round was led by Solana Ventures and Jump Crypto, with further support from Circle, Huobi, Sequoia China, Genesis Trading, CMS Holdings, Spark Digital, and more.

Following on from a successful seed round in August last year, the start-up has raised $10.3 million (£7.8m) overall.

With cross-platform functionality, the wallet...

24 February 2022 | Cryptocurrency