How Carta helped Indonesian startup Pintu scale efficiently

As Indonesia-based cryptocurrency trading platform Pintu continues to grow, keeping track of equity plan schedules and share ownership became increasingly difficult, especially with hundreds of employees.  

“Before Carta, Pintu maintained all of its information in an offline spreadsheet, which was prone to clerical errors,” said Dimas Utomo, Pintu’s general counsel. 

Further, every  time an employee wanted to view their data or update their information, multiple back-and-forths as well as one-on-ones were needed before the information was available.

Solution: Carta saved everyone time

Pintu needed a centralized platform that could simplify its equity management process and provide instant visibility to stakeholders. By using Carta, Pintu can now have multiple administrators access, manage, and edit the data instantly, with an audit trail for any mistakes. 

That plus the fact that employees now have their own portal through which to view the current status of their equity at any time, along with features like automatic vesting emails, helped decrease significantly the amount of time Pintu spent on its equity plan.

“Managing multiple stakeholders with different equity plans is much easier with a centralized database like Carta,” Utomo said. “Administrators can edit and input stakeholders’ information in real time and employees can keep track of their share ownership in the company.”

The company’s mobile app enables customers to trade over 120 cryptocurrencies; Pintu also provides education on investing and trading through its Pintu Academy program.