📌 MAROKO133 Breaking startup: Robinhood enters Indonesia 🇮🇩, Bybit ramps up expans
Dear subscriber,
Over the past week, Indonesia’s fintech and crypto landscape has seen strong momentum, marked by major global players like Robinhood, Bybit, and Airwallex deepening their presence in the country, alongside significant funding activity for local platforms such as Batumbu and Kredivo. At the same time, regional investment developments—from private credit expansion to climate-tech and clean energy commitments—reflect broader capital flows that are set to influence Southeast Asia’s financial and technological trajectory. Together, these events signal a maturing and highly competitive ecosystem where international interest and domestic innovation continue to converge.
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🚨 What’s New
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Robinhood enters Indonesian market via acquisitions
Robinhood has officially entered Indonesia by acquiring local broker Buana Capital Sekuritas and crypto trader Coinvest, marking a significant step into one of Southeast Asia’s most dynamic investment markets. The expansion aims to tap Indonesia’s large and fast-growing retail investor base. Pieter Tanuri, owner of the acquired companies, remains on board as an advisor to guide Robinhood through local market dynamics. With plans for a full rollout expected over the next several years, this move intensifies competition among investment platforms. It also highlights Indonesia’s rising attractiveness to global fintech players amid increasing investor participation.
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Bybit expands into Indonesia through NOBI partnership
Bybit is accelerating its presence in Indonesia by collaborating with local crypto platform NOBI. The strategy reflects Indonesia’s position as one of the world’s most active crypto markets, with strong adoption among young digital natives. Bybit’s localized approach allows it to navigate regulatory requirements while offering tailored services to Indonesian users. It also underscores the need for local players to differentiate as international exchanges enter aggressively. -
Airwallex acquires PT Skye Sab Indonesia to strengthen payments
Airwallex has acquired a majority stake in PT Skye Sab to deepen its presence in Indonesia’s rapidly expanding digital payments ecosystem. The acquisition boosts Airwallex’s ability to support cross-border payment needs for Indonesian businesses, especially MSMEs seeking to scale regionally. Combined with its substantial recent funding, Airwallex is strengthening infrastructure to deliver more seamless and cost-efficient financial services. Competition within the payments space is expected to intensify as global players enhance their local capabilities. -
Validus (Batumbu) secures US$30M Series D from Khazanah Nasional
The parent company of Batumbu, Validus, has raised US$30 million in Series D funding led by Khazanah Nasional, reinforcing its commitment to SME financing in Indonesia. Batumbu has played a growing role in supporting MSMEs through digital lending and supply chain financing solutions. The new capital will enhance technology, data capabilities, and operational scale to reach more underserved businesses.
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Kredivo raises over US$100M led by Mizuho
Kredivo has secured more than US$100 million in a new funding round led by Mizuho, providing partial liquidity to early investors and strengthening its financial position. The raise highlights continued global interest in Indonesia’s fast-growing digital credit and BNPL sector. With consumer reliance on flexible financing rising, Kredivo is well positioned to capture expanding demand while navigating evolving regulations. The company is expected to build on its momentum in both lending and financial services diversification.
👏 What’s Exciting
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Granite Asia raises over US$350M private credit fund anchored by Temasek
Granite Asia has closed more than US$350 million in the first tranche of its private credit fund, underscoring strong institutional appetite for alternative credit in Asia. The fund targets structured lending opportunities that appeal to investors seeking yield and diversified exposure. This trend reflects shifting capital flows from venture equity toward private credit globally. It also signals greater sophistication in regional capital markets as alternative financing instruments gain traction. -
The Radical Fund launches AI-native climate and deep tech venture studio
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📌 MAROKO133 Eksklusif startup: Green pilots & capitals emerge 🌱. Komdigi tight
Dear subscribers,
This week’s roundup brings a wave of momentum across Southeast Asia’s tech and innovation landscape. From fresh climate-tech funding in Indonesia and Vietnam, to QRIS preparing cross-border expansion, and regulators tightening digital compliance, the region is buzzing with activity. Southeast Asia is entering 2025 with stronger infrastructure, sharper innovation, and growing global relevance.
We are also excited to invite you to an exclusive event: Indonesia Food Resilience Forum 2025. This forum will bring together key stakeholders to discuss innovative steps towards a sustainable food future for Indonesia.
Secure your spot at this strategic discussion by registering here: https://luma.com/75o04yki.
Best regards,
The DailySocial Team
🚨 What’s New
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The Indonesian-Australian partnership KINETIK announced that five climate-tech startups from its KINETIK NEX programme have been awarded pilot‐funding after pitching at the [RE]Spark 2025 festival in Jakarta. KINETIK The winners, ranging from inclusive electric-mobility and solar water systems to solar-powered sago processing in remote Papua, will implement their innovations using a pooled fund of approximately IDR 1.6 billion. KINETIK The initiative underlines the focus on locally led green innovation across Indonesia’s diverse geographies.
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Vietnamese VC firm Touchstone Partners has launched a US $10 million “Green Transition Fund” targeting early-stage climate tech startups throughout Southeast Asia. The fund exemplifies the region’s growing appetite for sustainability-driven venture capital and aligns with global net-zero ambitions. Deployment is anticipated to begin in December 2025.
👏 What’s Exciting
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Indonesia’s digital payments system, the QRIS (Quick Response Code Indonesia Standard), is set to expand cross-border into China and South Korea by 2026, according to Bank Indonesia. This move signals a major shift toward integrated regional payment infrastructure, enabling Indonesian consumers and merchants to transact seamlessly abroad.
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The Indonesian regulatory authority Kementerian Komunikasi dan Digital (Komdigi) has threatened to block services such as ChatGPT and Cloudflare, Inc. for failing to register as private electronic system providers (PSE) under national law. The notification issued covers 25 organisations, signalling heightened digital-sovereignty enforcement in Indonesia’s tech ecosystem. Non-registration could lead to service termination, putting major global platforms on notice.
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Logistics player J&T Express reported a record surge in parcel volumes during the year-end peak season: +78 % year-on-year in Southeast Asia and +83 % in new markets. The boom underscores sustained e-commerce momentum and logistical scaling across the region. Riders, fulfilment centres and tech infrastructure are all under pressure as growth accelerates.
Fazpass is positioning its Intelligent Authentication (FIA) as the future of OTP verification by addressing core business challenges with a shift to a Monthly Active User (MAU) pricing model. This approach offers companies predictable costs with unlimited OTPs, moving away from the variable, per-message charges of traditional vendors. Coupled with AI-driven authentication designed to improve success rates and reduce user friction, Fazpass aims to provide a more scalable, secure, and cost-effective verification solution for businesses in 2026 and beyond.For more capability information: https://fazpass.com.
🚀 What’s Next
The 2025 Global Startup Ecosystem Report by Startup Genome highlights Southeast Asia’s accelerating momentum, with Jakarta jumping four positions to become the world’s #2 Emerging Startup Ecosystem. Unlike other climbers, Jakarta’s rise wasn’t driven by a major exit. Wuxi climbed to #1 after a 67% surge in $50M+ exits, and Riyadh leapt rankings thanks to rasan.co’s $1.1B exit. Jakarta’s improvement instead reflects broader, steady strengthening across early-stage activity, a rare organic shift in today’s exit-driven landscape.
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