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Indonesia-based cryptocurrency exchange Pintu has raised $113 million in a Series B funding round, according to a blog post. Pantera Capital, Lightspeed India Partners, Intudo Ventures and Northstar
Indonesia-based cryptocurrency exchange Pintu has raised $113 million in a Series B funding round, according to a blog post.
Pantera Capital, Lightspeed India Partners, Intudo Ventures and Northstar Group participated in the tour.
The company will use the funds raised to continue growth in Indonesia, developing DeFi services, NFT and staffing up to 200 people over the next two years.
Launched in April 2020, the Pintu exchange ranks in the top 3 local trading platforms competing with Indodax and Tokocrypto. The number of users exceeds 4 million.
In May 2021, Pintu raised $6 million in its Series A funding round.
Recall that in April, Indonesian authorities announced their intention to impose VAT and income tax on transactions with cryptocurrencies.
Source: Fork Log
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
