TechFlow news, Indonesian cryptocurrency exchange Pintu has raised $113 million in its Series B funding round from venture capital firms including Intudo Ventures, Lightspeed Venture Partners, Pantera Capital, and investment advisory firm Northstar Group. Lightspeed previously led Pintu's $35 million Series A round in August last year.
Pintu plans to use the funds to develop new features, including additional supported tokens, blockchains, and products. The exchange doubled its team size to 200 people last year and intends to continue its aggressive hiring initiative to support Indonesia's rapidly growing crypto market.
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