π MAROKO133 Breaking startup: πΈ Honest lands funding.βοΈ TikTok, Netflix face scrut
Dear Subscriber,
This week brings a mix of momentum and growing scrutiny in Indonesia’s digital economy. Fintech player Honest secured a major funding boost to strengthen its lending and product expansion, while Sriwijaya Capital launched a new private equity fund. TikTok continues to face mounting regulatory challenges. Even Netflix has entered the spotlight as officials revisit the taxation framework. At the same time, the expansion of players like Tyme and Indies Capital Partners signals continued investor appetite for Southeast Asia’s tech ecosystem. Southeast Asia’s tech funding cools sharply, with digital finance emerging as the region’s key growth engine.
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The DailySocial Team
🆕 What’s New
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💸 Honest Secures Major Funding Boost – Honest, a fast-growing Indonesian fintech platform, has secured an impressive $100 million in equity funding alongside an additional $40 million in debt facilities. The new capital will fuel the company’s efforts to enhance its lending capabilities and expand its product suite, focusing on empowering small businesses and consumers with better financial access. With this funding milestone, Honest continues to strengthen its position in Indonesia’s competitive fintech landscape and signals investor confidence in the country’s digital finance potential. Read more
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🤝 Sriwijaya Capital Makes PE Fund Debut – Sriwijaya Capital has made its debut in the private equity space with a $200 million growth fund, officially licensed by Singapore’s Monetary Authority (MAS). The fund is backed by anchor limited partners from Indonesia’s leading conglomerates — Barito Pacific, Indika Energy, and Sinar Mas — underscoring strong institutional confidence in the firm’s long-term strategy. With this launch, Sriwijaya Capital aims to invest across strategic sectors and scale high-potential Indonesian and regional companies, positioning itself as a key emerging player in Southeast Asia’s investment landscape. See the post
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🛍️ E-Commerce Tax Rule Postponed – The Indonesian government has announced a delay in implementing the new income tax regulation (PPh 22) for e-commerce sellers, citing concerns over maintaining consumer purchasing power. The policy, originally aimed at strengthening tax compliance among online traders, will now undergo further review. This move reflects the government’s balancing act between fiscal objectives and supporting digital economy growth amid current market challenges. Full story here
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⚖️ TikTok Faces Regulatory Heat – TikTok is under mounting regulatory pressure in Indonesia as authorities tighten oversight of major tech firms. The platform was fined IDR 15 billion by the Business Competition Supervisory Commission (KPPU) for late reporting of its Tokopedia acquisition, setting a key precedent for merger transparency. Adding to its challenges, the Ministry of Communication and Informatics has temporarily suspended TikTok’s license after it failed to provide requested data on live demos and gaming content, reflecting rising tensions over compliance and data-sharing standards. Read the coverage
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🎬 Netflix Under Tax Spotlight – Indonesia’s Ministry of Finance has spotlighted Netflix’s substantial revenue growth in the local market, raising questions about its tax contributions. Officials noted that despite significant earnings from Indonesian subscribers, the streaming giant has yet to fully comply with domestic tax obligations. The statement hints at potential policy shifts aimed at ensuring equitable taxation across foreign digital service providers operating in Indonesia. Details here
✨ What’s Exciting
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💡 Garuda Spark Hubs Drive Indonesia’s Digital Readiness – Komdigi has inaugurated the Garuda Spark Innovation Hub in Jakarta and Bandung, with plans to expand further into Medan, as part of its effort to create collaborative spaces for startups and digital talent—reinforcing Indonesia’s vision to become a leading digital nation. The initiative aligns with the country’s improving Indonesia Digital Society Index (IMDI), which reached 44.53 in 2025, signaling strong progress in digital readiness across four pillars: infrastructure, digital skills, industry, and literacy. These efforts aim to accelerate innovation, nurture millions of digital talents, and strengthen Indonesia’s digital sovereignty by fostering local startup ecosystems and empowering regional digital talent across diverse sectors. Read more
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💡 Indonesia Launches Innovation Hub with Microsoft – Indonesia is set to launch an Innovation Hub in collaboration with Microsoft and support from the United Arab Emirates, aiming to strengthen digital transformation and startup growth. The initiative will focus on fostering AI research, cybersecurity development, and public-private partnerships to accelerate Indonesia’s tech-driven economy. This strategic move highlights the nation’s ambition to become a regional leader in digital innovation. Read more
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π Sumber: dailysocial.id
π MAROKO133 Update startup: πΈ Fresh rounds roll in. π€ INAβEDC pact lands US$600M.
Dear subscribers,
We’re back with a sharp, no-noise briefing for founders, investors, VCs, and regulators across Indonesia, the region, and beyond. Inside: this week’s key moves in funding, market expansion, strategic partnerships, and policy enforcement—distilled into actionable insights for faster decisions.
This week’s newsletter is sponsored by Biznet Gio Cloud
Biznet Gio Cloud: Reliable Cloud Designed for Optimal Performance Bring your preferred web apps online with virtual machines or ready-to-use platforms. Start with cost-effective web hosting, VPS, or elastic cloud servers.
Learn MoreBest regards,
The DailySocial Team
🚨 What’s New
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Startup funding highlights in Indonesia this week:
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Alodokter (healthtech): Undisclosed syndicated round led by AngelCentral; supports expansion across telemedicine, bookings, e-pharmacy; 20M+ MAUs.
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IDRX (Rupiah stablecoin): US$300K pre-seed led by eMerge by MDI Ventures (w/ Indodax, MANSA, Lisk, Camp, angels); focus on security, compliance, and adoption; US$90M+ tx volume since early-2024 launch.
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ForU AI (AI identity): US$2.5M seed from NLS Ventures, IBC, WAGMi, 1982 Ventures + angels; building user-owned AI-DiD; $FORU token and 50M airdrop targeted Q1 2025.
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Yup / Finture (neobank & paylater): US$32M Series C1 led by Moore Strategic Ventures and Spice Expeditions; total funding US$100M+; breakeven target end-2025; OJK/BI-licensed group entities; expanding digital insurance (Indotekno, Fuse).
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Ayoconnect (fintech infra): Undisclosed round led by Finch Capital (w/ ION Pacific); reinforces disciplined growth and near-term break-even plan.
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FAZZ (fintech infra): US$10M filing from UQ Fintech Lab; total equity funding US$193M+ to date.
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OJK, the Indonesian National Police, and multiple agencies repatriated and detained AAG, former Director of PT Investree Radhika Jaya, for allegedly raising Rp2.7T illegally (Jan 2022–Mar 2024) via SPVs PT Radhika Persada Utama and PT Putra Radhika Investama. Charges include Article 46 jo Article 16(1) Banking Law and Article 305(1) Law No. 4/2023 (P2SK) jo Article 55 Criminal Code, carrying 5–10 years imprisonment. After a Red Notice in Nov 2024 and non-cooperation while in Doha, Qatar, authorities executed NCB-to-NCB cooperation, G2G diplomacy, and passport revocation; AAG is now held at Bareskrim. OJK continues to coordinate on victim reports and commends the inter-agency effort to protect consumers and enforce financial-sector integrity. [Read more]
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Indonesia Investment Authority (INA) and Export Development Canada (EDC) signed a Market Leader Partnership MoU providing up to US$600M in financing for INA-priority projects in infrastructure, renewable/clean tech, and agrifood. The partnership pairs EDC’s global reach with INA’s local mandate to generate socio-economic impact, deepen two-way trade, and crowd-in global capital. For Canada, it expands commercial presence in Indonesia—its largest Southeast Asian export market since 2024—while supporting quality job creation. INA frames the MoU as more than financing: it aims to design trusted funding structures that bolster long-term competitiveness; EDC will mobilize its exporter/investor network to surface opportunities. Established in 2020, INA targets transport, logistics, digital, green energy, healthcare, food, and advanced materials. [Read more]
👏 What’s Exciting
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Oracle to build hyperscale data center & AI footprint in Indonesia.
Oracle announced plans to invest in Indonesia’s tech infrastructure, focusing on a large-scale data center in Batam (≈120MW power capacity) and AI solutions to accelerate national digital transformation. In partnership with Danantara and with government support, Oracle aims to strengthen data sovereignty, expand digital infrastructure, and create skilled jobs—serving public sector, banking, and enterprises, and extending reach via Nongsa Digital Park. Sustainability considerations will be integrated as part of the permitting process. -
OpenAI launches ChatGPT Go in Indonesia.
OpenAI introduced ChatGPT Go in Indonesia—the second country globally to receive the service. Priced at Rp75,000/month, it targets free users seeking premium capabilities at a lower price point, including access to GPT-5, more image generation, expanded file uploads, advanced data analysis, and custom GPT building. Indonesia’s user base has reportedly tripled year-over-year, ranking among the global top five. OpenAI reiterated its data-privacy commitments; the government welcomed broader AI access. ChatGPT Go complements Plus and Pro, and will compete with other premium AI offerings such as Google’s Gemini. -
Danantara Trust Fund – US$100M initial philanthropic allocation.
Danantara committed US$100M to seed philanthropy programs in education, health, and WASH, in collaboration with the Bill & Melinda Gates Foundation. CEO Rosan Roeslani said Danantara will allocate 1–2% of annual dividends to sustain social initiatives. This “philanthropy lab” runs through Jan 2026, with concrete partnerships to follow. Backed by President Prabowo Subianto—who met Bill Gates during UNGA 80—the initiative seeks humanitarian projects that tackle poverty, hunger, and education gaps, positioning Indonesia as a regional philanthropy hub.<div class="captioned-…
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π€ Catatan MAROKO133
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