MAROKO133 Eksklusif startup: Xendit acquires Payex 🇲🇾, Danantara targets $10B deployment💰,

📌 MAROKO133 Update startup: Xendit acquires Payex 🇲🇾, Danantara targets $10B deplo

Dear subscribers,

We’re back in your inbox with a fast, zero-fluff briefing for founders, investors, VCs, and regulators across Indonesia, Southeast Asia, and beyond. This week: Xendit’s Malaysia push, Dunkin’s new operator, Danantara’s $10B deployment plan, TikTok’s license reinstatement, HSBC’s tokenised deposits rollout, and a governance watch on P2P lending—distilled into what matters and why.

Best regards,
The DailySocial Team

What’s New

• Xendit expands into Malaysia 🇲🇾. Indonesia’s leading payment gateway has completed the full acquisition of Payex, a Bank Negara–licensed payment gateway provider, and will rebrand it as Xendit Malaysia. Announced at the Selangor Smart City & Digital Economy Convention 2025, this move follows Xendit’s initial investment in Payex in early 2023. Since entering Malaysia, Xendit has onboarded 4,500+ businesses, processed over MYR 5 billion (~US$1.1 billion) in transactions, and plans to expand its local team, partnerships, and education initiatives. The new entity will be led by Jayson Poon, former central bank official. [Read More]

• Dunkin’ Donuts Indonesia enters new era 🍩. F&B local startup, DailyCo, through its subsidiary PT Diamonds Donuts Internasional (DDI), has officially taken over the master franchise license of Dunkin’ Donuts Indonesia from PT Dunkindo Lestari, effective October 7, 2025. The first new outlet is planned for Jakarta in Q4 2025, followed by gradual expansion through both flagship and neighborhood cafés. The move marks Dunkin’s major comeback in Indonesia’s growing bakery (US$50B+, 9.4% CAGR 2025–2029) and coffee (7% annual growth through 2031) markets. [Read More]

• Danantara to deploy $10B investments in 3 months 💰. Indonesia’s sovereign investment body, Danantara, aims to channel US$10 billion by January 2026, with 80% focused domestically. Current investments include projects in Saudi Arabia, renewable energy, and waste-to-power. CIO Pandu Sjahrir highlighted Indonesia’s mix of high yield and stability supported by low inflation and a young population. Danantara also aims to boost local capital market liquidity—currently around US$1B in daily turnover—far below India’s US$10–11B. [Read More]

• TikTok back in business 🎥. Indonesia has lifted TikTok’s license suspension after the company provided aggregated operational data requested by the government, including livestream, monetization, and web traffic activity. The suspension, imposed on October 3, followed incomplete compliance during unrest linked to a delivery driver’s death. With over 100 million users, TikTok’s return underscores its reliance on Indonesia as its largest Southeast Asian market, amid ongoing debates over data transparency and user trust. [Read More]

What’s Exciting

1️⃣ HSBC tokenizes deposits in Singapore 🪙. HSBC has expanded its Tokenised Deposit Service (TDS) to Singapore after launching in Hong Kong. The service allows instant 24/7 settlement using DLT-based digital tokens representing fiat deposits. Ant International became the first client to complete SGD and USD transactions across HSBC Singapore and Hong Kong, highlighting TDS’s potential in liquidity and FX management. The bank plans further rollouts in the UK and Luxembourg, positioning Singapore as a global treasury hub.

2️⃣ SBI Holdings joins Amar Bank 🇯🇵🇮🇩. Japan’s SBI Holdings has acquired over 5% stake in Amar Bank, becoming its third-largest institutional investor after Tolaram and Jagat Raya Imajinasi. Amar Bank CEO Vishal Tulsian said the partnership will enable synergy with SBI’s vast ecosystem, furthering Amar’s mission to transform retail and MSME banking in Indonesia.

What’s Next: Strengthening Fintech Governance Before the Snowball Effect Hits ⚖️

Indonesia’s fintech lending industry continues its rapid climb — outstanding loans reached Rp 87.61 trillion as of August 2025, up 21.6% YoY, according to the Financial Services Authority (OJK). Despite a relatively low 2.6% delinquency rate, the surge signals growing systemic risk if governance gaps persist.

Several players still fall short of the minimum capital requirements (Rp 12.5B for P2P platforms; Rp 100B for multifinance firms). OJK is urging recapitalization or new investor entry to prevent potential liquidity shocks. The Dana Syariah case — where lenders faced withdrawal delays despite a 99.82% repayment rate — underscores how weak governance can erode investor trust.

OJK has intensified enforcement, issuing hundreds of administrative sanctions in August 2025 and coordinating with law enforcement to uphold compliance and solvency standards.

With fintech lending expanding fast, stronger governance and risk management are urgently needed. If capital adequacy, transparency, and compliance issues are left unchecked, isolated incidents could escalate into a systemic crisis. As Dana Syariah’s case shows, trust is fragile and rebuilding it starts with firm, proactive regulation.

🔗 Sumber: dailysocial.id

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

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.

Join ReSTART Bandung: Building a Strong & Mature Startup Team!

This October 28, ReSTART heads to BLOCK71 Bandung for a deep dive into what it really takes to grow a resilient startup. Hear from industry leaders — Dr. Sonny Hendra Sudaryana (Komdigi), Fajrin Rasyid (Bukalapak), and Bayu Syerli (Elevarm) — as they unpack the real-world habits behind strong governance, sound financials, and scaling sustainably. Expect hands-on insights, founder stories, and practical frameworks you can use from day one.   

Register now !

Best regards,
The DailySocial Team

🚀 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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🔗 Sumber: dailysocial.id