Crypto Trading Platform, Door To Get IDR 85 Billion Funding

Pintu gets an injection of funds of 6 million billion US dollars (Screenshot, Pintu.co.id)

JAKARTA - Pintu, as a cryptocurrency trading platform, is reported to have succeeded in obtaining an injection of funds in the series A round of 6 million US dollars (around Rp. 85 billion). The injection of funds came from a number of giant capital companies.

Based on reports from Investing, PT Pintu Kemana Saja obtained this funding from Coinbase Ventures, Pantera Capital, Blockchain.com Ventures, Intudo Ventures, Alameda Ventures, Castle Island Ventures, and various other companies.

Pintu's founder and CEO, Jeth Soetoyo, revealed that Pintu is here as a solution to the difficulty of investing in crypto assets in the country. Pintu is targeting beginner investors and ordinary people, as disclosed on Pintu's official website.

Pintu makes investing easy, the mobile application also comes with a user-friendly UI / UX display. In addition, Pintu also provides crypto security and education features for the general public who are just getting into the crypto world for the first time.

"We are seeing enormous growth in the volume of crypto assets in less than a year since the launch of the Pintu application in April 2020," said Jeth.

Jeth revealed that his party would try to grow and educate the public about crypto assets.

"Frankly, this is just the tip of the iceberg considering the fact that Indonesia's crypto asset industry is still five years behind the US. We have a mission to exponentially grow market adoption through crypto asset literacy, best-in-class user experience, and customer trust, "added the CEO of Pintu.

The popularity of crypto money has skyrocketed after the pandemic hit the world. This is considered to have grown the adoption of crypto assets among a wider audience. In 2020, crypto asset transactions in Indonesia have reached 10 billion US dollars. The high level of crypto transactions is supported by the investment of retail users in the country.