📌 MAROKO133 Hot startup: Hangry scale with US$10.5M 🍔, StraitsX boosts Web3 paymen

Dear subscriber,

This week’s roundup highlights major movements shaping Indonesia’s tech and financial landscape. From Hangry’s $10.5M funding round and StraitsX’s Web3 payment expansion, to Danantara’s new CTO and Xendit’s push into Latin America, the ecosystem is buzzing with scale and ambition. Superbank’s profitability and Telkom’s massive spin-off show how digital transformation is reshaping traditional sectors. Meanwhile, May Mobility and Grab bring autonomous transport to Southeast Asia, Singapore leads the IPO race, and Lendable fuels inclusive fintech growth. We also unpack new research from LPEM FEB UI revealing crypto’s Rp 7,000 trillion contribution to Indonesia’s economy—hinting at what’s next for regulated digital finance in the region.

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🚀 What’s New

Hangry Raises US$10.5 Million in Follow-up Funding

F&B technology startup Hangry has secured US$10.5 million in new funding led by Alpha JWC Ventures, marking one of the largest rounds in Indonesia’s foodtech space this year. The capital will be used to expand Hangry’s multi-brand restaurant ecosystem, improve digital operations, and enhance customer experience. Hangry’s hybrid model, combining physical outlets with strong online delivery channels, continues to attract investor confidence. The company also plans to leverage AI and data analytics to optimize menu innovation and supply chains. This funding milestone signals continued investor optimism in Indonesia’s tech-driven culinary market.

StraitsX Secures US$22.5 Million from UQPay and Docomo
Singapore-based StraitsX received a US$22.5 million investment from UQPay and Japan’s Docomo to boost its Web3 payment network across Asia. The deal aims to integrate blockchain-based financial infrastructure with existing digital payment systems, enabling faster and more secure cross-border transactions. StraitsX will use the funds to enhance interoperability between traditional finance and decentralized technologies. This strategic move positions StraitsX as a key connector in Asia’s growing digital asset economy. It also reflects increasing institutional confidence in regulated blockchain payment solutions.

Profile: Sigit Puji Santosa, CTO of Danantara

Danantara has appointed Sigit Puji Santosa as its new Chief Technology Officer to lead innovation in financial technology and data infrastructure. With extensive experience in scalable systems and fintech product development, Sigit brings technical depth and leadership vision to the company’s next growth phase. Under his direction, Danantara plans to enhance its digital financial ecosystem and expand its range of financial products. His appointment marks a commitment to strengthening technological excellence and operational agility. Sigit’s expertise is expected to accelerate Danantara’s mission to bridge technology with inclusive financial access in Indonesia.

Xendit Eyes Latin America Expansion
Indonesian unicorn Xendit is testing its payment solutions in Latin America, marking its first major expansion outside Asia. The move represents a bold step in Xendit’s ambition to become a global payment leader, building on its strong foundation in Southeast Asia. The company aims to replicate its successful model by targeting emerging markets with growing digital economies. This expansion underscores Xendit’s confidence in its scalable technology and regional insights. As it enters new territories, Xendit is set to redefine how cross-border payments empower businesses worldwide.

Superbank Hits IDR80.9 Billion Profit and 5 Million Customers
Superbank achieved a significant milestone by reporting IDR80.9 billion in profit and surpassing five million customers this quarter. The growth is driven by its focus on accessible digital banking services and user-friendly financial products. With strong backing from major stakeholders, Superbank continues to strengthen its position as a challenger in Indonesia’s banking landscape. The bank’s digital-first strategy has improved financial inclusion for underserved communities. These results demonstrate how innovation and customer trust can fuel profitability in the fintech sector.

Telkom Spin-offs Fiber Optic Business to TIF
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📌 MAROKO133 Update startup: Mamame goes global 🌍, ABC Impact backs green capital ♻

Dear subscriber,

This week highlights how Indonesia’s innovation story continues to evolve across sectors. Snack brand Mamame Whole Foods is taking Indonesian tempeh to global markets with backing from Granite Asia, while ABC Impact, DBS, and UOB are reimagining sustainable finance through an impact-linked fund model. In logistics, J&T Express’s regional growth reinforces Southeast Asia’s e-commerce momentum. The rollout of the Indonesia Game Rating System (IGRS) also marks a step forward in digital policy. The latest Tracxn report signals a maturing fintech landscape in Southeast Asia, where funding growth is slowing but shifting toward more sustainable.

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The DailySocial Team

What’s New

• The Indonesian snack startup Mamame Whole Foods has secured a US$2 million investment led by Granite Asia to accelerate its plant-based tempeh chip business, targeting expansion into the US and UK markets. By re-imagining Indonesia’s staple tempeh using black-eyed peas instead of soy and focusing on health-conscious consumers, Mamame taps into both local culinary heritage and global plant-based snack trends. With Granite Asia’s backing, the brand is well-positioned to raise Indonesia’s snack exports profile and spotlight the country’s potential in the healthy-snacks segment.

• The impact investment firm ABC Impact (backed by Temasek) has partnered with banks DBS and UOB to launch a US$110 million sustainability-linked subscription loan facility for its Fund II, tying capital deployment to measurable social and environmental KPIs across Asia. The structure flips the conventional subscription loan model by embedding sustainability performance triggers, signalling growing sophistication in impact-finance in Southeast Asia. For Indonesia, this offers a precedent for channeling growth-capital into businesses that deliver both financial and social returns, aligning with domestic agendas around green growth and inclusive development.

What’s Exciting

• Bank Indonesia’s Global Cooperation Push
  At the IMF–World Bank Annual Meetings 2025, Bank Indonesia emphasized that strengthening multilateral cooperation is key to sustaining global growth amid tight monetary conditions and shifting geopolitics. The central bank reiterated its commitment to macroeconomic stability, policy credibility, and inclusive growth, while supporting investment and trade across developing economies. Indonesia highlighted its role in driving regional financial resilience through collaboration and innovation in sustainable finance.

• J&T Express rides e-commerce boom, strengthens Indonesia’s logistics edge

  J&T Express recorded an impressive 23.1% year-on-year growth in parcel volume for Q3 2025, propelled by a 78.7% surge in Southeast Asia and 47.9% growth in new international markets. The strong performance reflects the sustained momentum of e-commerce and cross-border trade across the region. As demand for faster, more efficient parcel delivery continues to rise, the market presents expanding opportunities for ecosystem players, from warehousing and fulfillment to last-mile technology. In this regional growth cycle, Indonesia remains a key node, both as a major consumer hub and a logistics innovation base shaping the next wave of digital commerce efficiency.

• Indonesia’s Gaming Industry on the Global Stage

  Indonesia’s gaming ecosystem continues to gain global recognition, driven by initiatives from the Ministry of Communication and Digital (Komdigi). Locally developed games are entering international markets, supported by a stronger regulatory foundation through the launch of the Indonesia Game Rating System (IGRS) at IGDX 2025 in Bali. The event recorded a business potential of around $75 million, underscoring Indonesia’s rising status in the creative digital economy. By aligning ethical standards, data protection, and innovation, the government aims to make Indonesia not just a market for games, but a creator and leader in the global gaming industry.

• AI Adoption in Banking Faces Security Hurdles
  A recent HSBC survey revealed that while banks across Indonesia are increasingly aware of AI’s potential to streamline operations and improve services, adoption remains slow due to cybersecurity concerns. Many financial institutions see AI as transformative for customer experience and fraud detection but remain cautious about data protection and hacker risks. The findings highlight the industry’s need for stronger governance, secure infrastructure, and clearer regulatory frameworks to fully unlock AI’s benefits. This cautious optimism mirrors Indonesia’s broader digital transformation—progressive, yet mindful of the balance between innovation and trust.

Whats Next

Despite a funding winter that has chilled the broader Southeast Asian fintech scene, Indonesia remains a market brimming with structural opportunity. According to Tracxn’s 9M 2025 report, fintech startups across the region collectively raised US$839 million, marking a 39% year-on-year decline. More tellingly, early-stage rounds contracted by about 63%, reflecting investor caution amid rising capital costs and tighter global liquidity. While Singapore commanded 84% of total funding, Indonesia captured only 4%, signaling both a slowdown and a gap between ecosystem maturity levels.