Last year saw a huge funding boom for Southeast Asian consumer investment apps and if Pintu’s funding announcement today is anything to go by, that looks set to continue. The cryptocurrency-focused app has raised a $113 million Series B from Intudo Ventures, Lightspeed, Northstart Group and Pantera Capital.
Launched in April 2020, Pintu bills itself as “Indonesia’s leading homegrown crypto assets platform.” This is the third round of funding the startup has landed in little over a year. The first was a $6 million Series A announced in May 2021, and the second was $35 million in Series A+ funding just two months later. At the time, Pintu chief operating officer Andrew Adjiputro told TechCrunch that it raised an A+ instead of moving onto a Series B because its focus on product development and execution remained the same.
Now 10 months later, Pintu chief marketing officer Timothius Martin tells TechCrunch that it has added more tokens, mak …
