Crypto exchange Bimeniscrypto raised $13 million

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Cryptocurrency exchange BimenisCrypto raised $13 million in a Series B funding round. Pantera Capital, Lightspeed India Partners, Intudo Ventures and Northstar Group participated in the round.

The company will use the funds raised to continue growth in Indonesia, develop DeFi services, NFT and expand its workforce to 200 people over the next two years.

BimenisCrypto is one of the top 3 local exchanges, competing with Indodax and Tokocrypto. The number of its users exceeds 4 million.

Earlier BimenisCrypto raised $6 million in a Series A funding round.

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Gustaf Kilander

Gustaf is an all-rounded cryptocurrency writer who has written for several publications in the fintech industry. Having graduated from the University of Essex Colchester, he developed a passion for blockchain technology and has been curious about how the blockchain can modify the traditional financial industry.