Pintu Series B
VeradiVerdict - Issue #200
Since 2014, I had been searching for the right crypto brokerage to partner with in Southeast Asia and Pantera led the Series A round of Pintu a bit over a year ago. That blog post outlines a bit on the opportunity in the region.
Outside of a bet on the region, the investment was a bet on the team and the product-first approach to bringing crypto not only to the existing crypto adopters but to mainstream users in a regulated way.
Since the Series A round, the company has accomplished:
Pintu Academy for eduction
7x their user base to 4 million users
Expanded to over 50 crypto currencies
Launched their Pintu token
With the Indonesian population becoming more familiar and exposed to cryptocurrencies, I believe that there will be an emergence of more blockchain use cases around gaming and NFTs where interfaces like Pintu will remain essential to accessing the broader ecosystem in the region!
- Paul Veradittakit
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The paper makes no claims about the Bitcoin network today, more than a decade after the end of the period analyzed. But it underscores well-known and longstanding privacy challenges.
We’re thrilled to be doubling down on our investment in Pintu, Indonesia’s leading cryptocurrency exchange and assets platform.
The fund, created by Solana Ventures and the Solana Foundation, will focus on virtual gaming, and will invest in NFT and DeFi projects.
The bank founded by Morgan Stanley veteran Caitlin Long filed suit against the U.S. central bank for delaying a decision on its application for a master account.
The SEC is looking into whether the crypto exchange should have registered the initial coin offering of Binance coin as a security, according to Bloomberg.
Welcome to our annual shindig, now back in person after two years of virtual events.
IN THE TWEETS
NEW PRODUCTS AND HOT DEALS
The exchange previously raised $35 million in a Series A extension last August.
The payments giant announced it would let users withdraw their crypto holdings to their own wallets earlier today.
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Hi, I’m Paul Veradittakit, a Partner at Pantera Capital, one of the oldest and largest institutional investors focused on investing in blockchain companies and cryptocurrencies. I’ve been in the industry since 2014, and the firm invests in equity, early stage token projects, and liquid cryptocurrencies on exchanges. I focus on early-stage investments and share my thoughts on what’s going on in the industry in this weekly newsletter.