JAKARTA \u2014 The risk of fraud in startup investments is increasingly\nunder the spotlight amid the rapid growth of an industry that is not yet\nfully mature. This situation is prompting venture capital players to\nstrengthen forensic audits and risk management as steps to safeguard\nmarket confidence.<\/p>\n
The issue came to the fore during the Halal Bihalal event and\nexecutive workshop organised by the Indonesian Venture Capital\nAssociation for Startups (Amvesindo) together with PwC Indonesia at\nWorld Trade Center 3 (WTC 3) in Jakarta on Wednesday, 8 April 2026.<\/p>\n
The event was attended by 63 Amvesindo member companies, comprising\n47 firms in the Jabodetabek region and 16 from outside Jabodetabek. In\naddition, the event also involved other ecosystem players such as\nstartups, research companies, and supporting industry professionals.<\/p>\n
This post-Eid al-Fitr moment was utilised not only to strengthen\nrelations but also to discuss fundamental industry challenges amid\nglobal economic dynamics, particularly related to investment risks.<\/p>\n
Amvesindo Chairman Eddi Danusaputro stressed that strengthening\ngovernance is an urgent need to ensure the industry continues to grow\nhealthily.<\/p>\n
\u201cThrough this Halal Bihalal momentum, we aim to strengthen our sense\nof togetherness while encouraging closer synergy among members. Amid\neconomic challenges and startup industry dynamics, governance and risk\nmanagement are key factors. Not only to sustain business continuity but\nalso to ensure the industry can grow healthily while still supporting\ninnovation,\u201d said Eddi in a press statement on Saturday (11\/4\/2026).<\/p>\n
PwC Indonesia Director Sacha Winzenried stated that the developing\nnature of the industry means many venture capital companies do not yet\nhave strong control systems.<\/p>\n
\u201cAs the industry is still developing, many venture capital companies\nare at an early stage and do not yet have adequate systems and controls.\nThis makes strengthening governance and risk management a key factor in\npreventing mismanagement or fraud, including maintaining the industry\u2019s\nreputation in the eyes of the market,\u201d said Sacha.<\/p>\n
OJK Director of Supervision for Financial Institutions and Venture\nCapital Companies Maman Firmansyah noted that weaknesses in the early\nstages will have long-term impacts on emerging risks.<\/p>\n
\u201cOJK views that the approach to industry health starts from the first\npillar, namely governance, how business processes are run, how debtor\nand investee selection is conducted, and how decisions are made. If\ngovernance is not strong from the start, then risks and problems in\nsubsequent stages will be difficult to avoid,\u201d said Maman.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/beware-of-startup-fraud-investors-strengthen-audits-and-governance-1775875850", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }