# TokoCrypto

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tokocrypto

- Industry: Internet
- Headquarters: South Jakarta, Indonesia
- Website: www.tokocrypto.com
- Total disclosed funding: $0.5M
- Latest round: Seed (Nov 23, 2018)
- Investors on record: 1

## About

TokoCrypto is a cryptocurrency exchange based in Indonesia, facilitating digital asset trading and investment for users, while ensuring compliance with local regulations.Founded in 2017 in South Jakarta, Indonesia, TokoCrypto operates as a cryptocurrency exchange and has continuously focused on enhancing the trading experience for its users. The company secured a Series A funding round in December 2022, raising USD 3.80 mn from Binance Asia, which helped it reach a total fundraising amount of USD 3.80 mn and a current valuation of USD 19.00 mn. Pang Kai serves as the CEO, overseeing the company’s operations and strategic direction.TokoCrypto specializes in providing a robust platform for cryptocurrency trading, offering users access to a variety of digital assets. The platform ensures seamless transactions and user-friendly interfaces, catering to both retail and institutional investors. Their services include trading, exchange, and wallet functionalities designed to accommodate the diverse needs of the cryptocurrency market in Indonesia and beyond.In the most recent financial year, TokoCrypto reported revenue of USD 42.70 mn. The company operates primarily on a transaction-based model, generating income from trading fees and related services, which supports its operational capabilities and growth initiatives. The EBITDA for the same period was reported at USD -143,430.20.Following the acquisition by Binance Asia in December 2022, TokoCrypto plans to leverage the new resources to enhance its platform and expand its service offerings. The company is working on launching new product features aimed at improving user engagement and trading capabilities. Additionally, TokoCrypto aims to penetrate new markets in Southeast Asia by 2024, utilizing the resources from the latest funding to bolster its infrastructure and marketing efforts.

## Funding rounds

- Seed, Nov 23, 2018, $0.5M — QCP Capital

## Investors

- QCP Capital (https://capitalatlas.ai/funds/qcp-capital) — Seed