Indonesia-based crypto asset platform Pintu reportedly disclosed details regarding a $113 million capital injection via Series B fundraising, with major names Pantera Capital, Intudo Ventures, Lightspeed, and Northstar Group taking part. 

Specifically, Pintu – having secured its licensing from the Commodity Futures Trading Regulatory Agency, or Bappebti, under the Ministry of Trade – reportedly rolls out services to Indonesia-based crypto investors doing businesses with popular cryptocurrencies, including Bitcoin (BTC) and Ether (ETH).

Initially, Bappepti emphasized that the number of Indonesian crypto investors recorded this year has experienced a two-fold increase compared to the year prior. 

“We believe that crypto adoption in Indonesia is only in its beginning stages, and educating users on the fundamentals is critical to ensuring this growth continues in a healthy way.” Jeth Soetoyo, founder and current Head of Pintu, additionally remarked.

The most recent $113 million of capital support will be dedicated towards the scaling work of the platform’s current range of services, nominally rolling out new functionalities and support for blockchains. 

The firm has further plans down its pipeline to include extra tokens, as well as introduce new services to reinforce its existing standing in Indonesia.

In the only twenty-four months since its inception, Pintu has reportedly rolled out a variety of functionalities on its mobile application which enables users to earn and stake their crypto holdings. 

Additionally, a sum of its Series B funding will be devoted to Pintu Academy, an educational program focusing on crypto traders with a primary target of spreading awareness regarding the opportunities and risks of crypto investing.