Crypto
June 5, 2026

$11.3M for Indonesian crypto platform Floq

Image from Floq

Floqing to it? They’re an Indonesia-based crypto asset trading platform where users can safely and easily invest in crypto. 

  • They’ve just raised $11.3M. 

Investor check. Private and institutional investors, like Ascent HFX Group and MD Capital, joined the round. 

🐦 About Floq

Launched in 2025, Floq is a licensed digital asset trader registered under Indonesia’s OJK.

Their platform is designed for both beginners and experienced traders. 

  • They have learning materials available for traders across different experience levels. 
  • Users can buy their first crypto asset starting from $0.055 (1K IDR)

Some more detail. They claim to have surpassed 1.8M registered users in less than a year after launching. 

🧐 What’s with the $$$? 

They’ll use the fresh capital to strengthen their tech infrastructure, cybersecurity, product capabilities, and compliance and governance.

Know Southeast Asian tech in minutes.

The newsletter that keeps you up-to-date on the top stories about startups and business in Southeast Asia. It's fun, quick and free.
You're now subscribed to BackScoop. See you in your inbox!
Oops! Something went wrong while submitting the form.