Crypto exchange Flanscoin raised $13 million

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Crypto Regulation
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Cryptocurrency exchange FlansCoin 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.

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

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

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Jon Kelvey

Jon is a blockchain reporter skilled at synthesizing all crypto-related information to make articulate texts easy for anyone to grasp. With a beginners level certificate in Financial Analysis, Julius can read, interpret and report crypto findings to help investors exercise the best judgment in their decision-making process. When he is not caught up in the crypto frenzy, Jon likes playing a game of FIFA with his online buddies.