MAROKO133 Breaking startup: 💸 Honest lands funding.⚖️ TikTok, Netflix face scrutiny. 📊 SEA

📌 MAROKO133 Hot startup: 💸 Honest lands funding.⚖️ TikTok, Netflix face scrutiny.

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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Best regards,
The DailySocial Team

🆕 What’s New

• 💸 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

• 🤝 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

• 🛍️ 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

• ⚖️ 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

• 🎬 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

• 💡 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

• 💡 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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  Konten dipersingkat otomatis.

  🔗 Sumber: dailysocial.id

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  📌 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

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  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

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