Pintu
Indonesian crypto trading app licensed by OJK/CFX for retail investors.
On the record
Checkpoint: Next funding round or public profitability signal, plus Pintu Institutional landing named clients
The call
Pintu sits behind Tokocrypto and Indodax in a licensed market it cannot leave, four years without new funding, and no public word on whether that silence means profit or pressure.
Pintu lets Indonesians buy and sell cryptocurrencies through a government-regulated platform that requires a banking license locals cannot easily obtain, making it legally hard for new competitors to enter. However, Pintu is not the market leader: Binance acquired the larger rival Tokocrypto in late 2022, and Indodax was already established first. The company has not raised money or announced results in four years, leaving investors guessing whether it is quietly profitable or running out of cash. The big question is whether Pintu can launch a successful business-to-business platform for corporate clients to trade and store crypto, which could replace the feast-or-famine income from retail trading fees that rise and fall with crypto price swings.
Why
01
AI pressure: None apparent. AI feeds Pintu more than it eats it, AI-token speculation helped drive its reported trading volume surge. Could AI do the core job? Unlikely.
02
Bigger players: Binance-backed Tokocrypto. Tokocrypto led 2023 CoinGecko volume rankings in Indonesia while Pintu sits #3-4, same licensed pool, bigger backer. Could a giant copy it? Probably.
03
What protects it. OJK and CFX licensing plus IDR banking rails that block foreign apps but not domestic rivals like Tokocrypto or Indodax.
What would change this call
Pintu announces new funding round or discloses profitability by mid-2027. Shows whether the 4-year funding silence reflects strength or capital strain.
CoinGecko or OJK volume data shows Pintu's share vs Tokocrypto and Indodax. Confirms whether Pintu is gaining, holding, or losing ground to named rivals.
Pintu Institutional names actual corporate custody or trading clients within 12 months. Tests whether B2B diversification is real or just a press release.
CoinGecko or OJK volume data shows Pintu's share vs Tokocrypto and Indodax. Confirms whether Pintu is gaining, holding, or losing ground to named rivals.
Pintu Institutional names actual corporate custody or trading clients within 12 months. Tests whether B2B diversification is real or just a press release.
Key numbers
- $113M Series B raised
- No new funding round in 4 years
- Trading volume up >150% YoY
Named risks
- No new funding disclosed since June 2022 Series B, unclear if due to profitability or capital shortage.
- Ranked outside top two Indonesian exchanges by independent 2023 volume data despite CEO's top-three claim.
- 2026 crypto market forecast is a flat rest year, which could dampen trading fee revenue.
- Regulatory transition to OJK oversight (2025) adds compliance cost and licensing uncertainty.
Rivals, as read in July 2026
| Rival | Direction | Evidence |
|---|---|---|
| Tokocrypto | gaining on | Binance-backed Tokocrypto held ~43% of Indonesian exchange volume in 2023 CoinGecko ranking, ahead of Pintu |
| Indodax | gaining on | Indonesia's oldest exchange held ~42% volume share in 2023, outranking Pintu per CoinGecko |
| Binance | contesting | Acquired Tokocrypto Dec 2022, giving it a licensed local foothold competing directly with Pintu |
Questions people ask
- Is Pintu profitable in 2026?
- Unknown. Pintu has disclosed no revenue or profitability figures and has raised no new funding since its $113M Series B in June 2022, a four-year gap that leaves it unclear whether the Indonesian crypto app is self-sustaining or capital-constrained as of July 2026.
- Who owns Pintu?
- Pintu (PT Pintu Kemana Saja) is a privately held, venture-backed startup founded by Jeth Soetoyo in April 2020. Investors include Pantera Capital, Lightspeed Venture Partners, Coinbase Ventures, and Intudo Ventures, who together backed rounds totaling roughly $154 to 156 million through June 2022.
- Could AI replace Pintu?
- Unlikely for its core function. Pintu's moat is its OJK and CFX regulatory license plus Indonesian bank/e-wallet rails for IDR crypto trading, which AI cannot replicate. Pintu does use AI for market-outlook editorial content on its news portal as of January 2026.
- Who is Pintu's biggest competitor?
- Tokocrypto, acquired by Binance in December 2022, and Indodax, Indonesia's oldest exchange, held roughly 43% and 42% of Indonesian crypto trading volume respectively in a 2023 CoinGecko ranking, while Pintu did not appear in that top-three list.
- Does Pintu rank in Indonesia's top 3 crypto exchanges?
- Pintu's CEO claimed top-three status in 2022, but a 2023 CoinGecko volume analysis ranked Tokocrypto at 43% and Indodax at 42% as the top two, with Upbit Indonesia at 15%; Pintu was not included in that independent ranking.
- What is Pintu Institutional?
- Pintu Institutional is a B2B custody and trading platform launched around June 24, 2026, offering regulated custody via PT Kustodian Koin Indonesia, API trading, and compliance support for corporate clients, though no named institutional clients have been disclosed yet.
Timeline
- 2026-07-20Pintu launches in-app Crypto Calendar feature for tracking network events
- 2026-07-16Pintu Institutional publishes H1 2026 stablecoin payment rail report
- 2026-06-25Pintu adds tokenized assets including SpaceX Tokenized Stock (SPCXx)
- 2026-06-24Pintu Institutional B2B custody and trading platform launches
- 2025-12-09Engineering blog reports about 100 engineers and over 1M community users
- 2025-11-10OJK Regulation POJK 23/2025 amendment takes effect
- 2025-01-10Bappebti transfers crypto oversight to OJK and Bank Indonesia
- 2023-09-21Pintu surpasses 6 million app downloads
- 2022-12-19Binance acquires Tokocrypto, cuts 58% of its staff
- 2022-06-06Pintu closes $113M Series B led by Intudo, Lightspeed, Northstar, Pantera
Revision history
26 July 2026
First assessed. Losing its protection. The text above is fixed as of this date and is not edited afterwards.
In the same band
Sources
- Indonesian crypto exchange Pintu gets $6M Series A (2021-05-26)
- Two months after its Series A, Pintu gets $35M in new funding led by Lightspeed (2021-08-09)
- Indonesian crypto trading app Pintu scores $113M Series B (2022-06-06)
- Indonesian crypto investment platform Pintu lands $113m Series B funding (2025-02-10)
- Indonesian crypto exchange Pintu raises $113 million in Series B funding (2022-06-06)
- Management and Employees List
- Indonesia's Leading Crypto Exchange Pintu Exceeds 6 Million Downloads (2023-09-21)
- Crypto Futures Trading App with 25x Leverage
- PINTU Reports 150% YoY Growth in Trading Volume (2025-02-11)
- Working at Pintu Crypto (2023-07-26)
- Saving Devs' Time and Compute Power with Retention Policies (2025-12-09)
- Binance acquires Indonesia's leading exchange, lays off 58% of staff (2022-12-19)