Indonesian Exchange Pintu Pulls $35M in Series A+ Funding Round
Tagged as one of the most promising blockchain exchanges in Indonesia and South East Asia, Pintu previously raised $6 million from investors back in May with the latest coming off as an extension of the first round led by Pantera Capital. According to Pintu ’s Chief Operating Officer, Andrew Adjiputro, the company still has its focus on product development, a development that is fueled by the Coinbase IPO conducted back in May. advertisement “With the Coinbase IPO and a lot of new users onboarding, we think it’s the right time for us to raise a larger round to finance faster growth,” he said. “It’s good momentum for us to launch new products and grab the market.” The company has notably increased in its growth metrics with its application download up 3.5x in the first half of the year, while active traders surged by 4x the normal size within the time period. Crypto Startup Funding is Encompassing ...