Danamon expands Indonesian startup access to global investors
Cross-border collaboration is the key to growing the startup ecosystem.
Surabaya (ANTARA) - PT Bank Danamon Indonesia Tbk has reinforced its support for startup growth in Indonesia through its participation in the Japan-ASEAN Startup Business Matching Fair 2026 and the signing of a Letter of Intent (LoI) with several strategic partners.
Chief Strategy Officer of PT Bank Danamon Indonesia Tbk, Reza Iskandar Sardjono, said the company’s involvement in the event forms part of efforts to build connectivity between the Indonesian startup ecosystem and Japan through synergy with the MUFG Global Network.
“Through synergy with the MUFG Global Network, we want to provide broader access for Indonesian startups to meet global investors and corporations,” Reza said in a statement received in Surabaya on Saturday.
He explained that the LoI was signed together with the Ministry of Communication and Digital, Bank of Ayudhya (Krungsri), Krungsri Finnovate, and MUFG Innovation Partners as a form of strengthening cross-border collaboration in developing the ASEAN-Japan startup ecosystem.
The collaboration, he said, is also supported by the presence of the MUIP Garuda Fund, a corporate venture fund resulting from cooperation between MUFG Innovation Partners, MUFG, and Danamon, with a total investment commitment of US$100 million focused on the technology and financial technology (fintech) sectors.
According to Reza, the presence of the investment fund is expected to expand the connectivity of Indonesian startups with the global ecosystem while opening up opportunities for more sustainable collaboration and investment.
At this year’s event, he said, the Japan-ASEAN Startup Business Matching Fair 2026 facilitated more than 500 business matching sessions involving more than 90 startups from six countries, including Indonesia, as well as 140 global companies and investors.
In addition to business matching sessions, participants also took part in startup pitching, exhibitions, panel discussions on regional and investment trends, and networking sessions to strengthen cross-border business collaboration.
Reza affirmed that Danamon will continue to act as a bridge for Indonesian startups so they can access global opportunities and enhance their competitiveness in international markets.
“We believe that cross-border collaboration is the key to growing a sustainable startup ecosystem,” he said.