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,...