MAROKO133 Update startup: Hangry scale with US$10.5M 🍔, StraitsX boosts Web3 payments 🌐, X

📌 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 stakeholde…

Konten dipersingkat otomatis.

🔗 Sumber: dailysocial.id

📌 MAROKO133 Eksklusif startup: Indonesia's golden share in GoTo 🇮🇩. US$300B d

Dear subscribers,

We’re back with your essential roundup of the latest from Indonesia and Southeast Asia’s digital landscape. This week, we’re covering key developments like the GOTO-Grab merger news, the digital economy growth, and shifts in the latest fintech investment.

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

• Indonesia is reportedly considering a “golden share” scheme as a condition for approving the merger between Grab and GoTo. This plan would grant the sovereign wealth fund Danantara a minority stake with special rights in the merged entity’s Indonesian operations. This golden share would provide the government a direct voice in strategic decisions, including driver welfare and pricing, reflecting a desire to oversee a business that would dominate ~90% of the local ride-hailing and delivery market. While internal pressures, such as SoftBank’s push for a CEO change at GoTo, highlight the urgent need for consolidation, both companies officially state that no final agreement has been reached. For the government, this model represents a new approach to regulating a dominant digital platform critical to Indonesia’s gig economy. [Read more]

• Superbank, the digital bank backed by Grab, Singtel, and Emtek, is preparing for a potential IPO that could be the largest for a digital bank in Indonesia, targeting up to IDR5.36 trillion. This move is bolstered by its strong Q3 2025 results, where it booked a pre-tax profit of IDR80.9 billion, grew its customer base to 5 million, and saw credit disbursement surge 84% to IDR9.04 trillion. This robust financial performance, alongside its deep integration with ecosystems like Grab and OVO, strengthens its market position ahead of the listing. However, Superbank’s management has officially declined to comment on the IPO rumors. [Read more]

• NTT Group is launching a dedicated Southeast Asian investment vehicle, Synexia Ventures Pte. Ltd., based in Singapore and scheduled to commence on December 15, 2025. Managed by NTT DOCOMO Ventures and NTT Finance, the fund will target startups in key markets like Indonesia, Singapore, Malaysia, and the Philippines, focusing on strategic sectors including AI, IoT, and smart city solutions. This initiative aims to accelerate open innovation and create new business ventures by combining funding with opportunities for co-creation across NTT’s vast network of telecom, data, and IT services. [Read more]

👏 What’s Exciting

• Grab has announced a strategic investment of US$60 million in Vay, a German company pioneering remote driving technology for driverless car rentals. This initial investment, expected to close in Q4 2025, grants Grab a minority stake and is the first part of a potential US$410 million commitment that could see Grab acquire a majority interest in Vay. The partnership aims to explore how Vay’s cost-efficient, “teledriven” service model—where remote operators deliver and retrieve vehicles for self-driving customers—can complement Grab’s long-term mobility strategy in Southeast Asia. Grab will also leverage its operational expertise to support Vay’s expansion in the U.S., while the driving data collected from Vay’s fleet could accelerate the development of AI for autonomous vehicles.

• Southeast Asia’s digital economy is on a strong trajectory, projected to surpass US$300 billion in GMV in 2025, sustaining a robust 15% year-on-year growth. This momentum is fueled by a decisive shift towards monetization, with revenue growth keeping pace with GMV. Key drivers include a resurgent e-commerce sector, where video commerce now accounts for 25% of GMV, and food delivery, which is on the cusp of profitability. Furthermore, AI is rapidly becoming a core competitive frontier, reshaping consumer journeys from discovery to purchase and driving operational efficiencies. The region’s massive, digitally-engaged population, which shows enthusiasm for AI that exceeds the global average, provides a fertile ground for this continued expansion.

• Standard Chartered has partnered with DCS Card Centre to power DeCard, a new credit card that enables users to make payments at physical merchants using stablecoins. As the principal banking partner, Standard Chartered will provide the backend infrastructure—including transaction processing, fiat and stablecoin settlements, and treasury services—to support seamless, real-world digital asset spending. The service launches first in Singapore, with plans to expand to other markets, marking a significant step in bridging traditional banking with everyday cryptoc…

  Konten dipersingkat otomatis.

  🔗 Sumber: dailysocial.id

  ---