Indonesia's Pintu was backed by several investors who helped the cryptocurrency exchange raise $113 million in a Series B funding round, The Block reported.
"We need to cement our position in the market. I think pretty much that's where our focus is going into," said Soetoyo.
In this round of funding, investors included Pantera Capital, Lightspeed India Partners, Intudo Ventures and Northstar Group. However, the lead investor in this round wanted to remain anonymous, Pintu's founder and CEO Jeth Soetoyo told The Block.
Launched in April 2020, Pintu has already become one of the top three Indonesian crypto exchanges with more than four million users, according to Soetoyo. However, the company has hesitated to publicly disclose its trading volumes.
The new round of funding has taken Pintu's total funding to date to over $150 million. Pintu's previous funding last August saw the company raise $35 million in an extended Series A funding round.
Even though Soetoyo declined to comment on...
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