Danamon Strengthens Startup Ecosystem Through ASEAN-Japan Synergy and MUIP Garuda Fund
Cross-border collaboration is increasingly becoming a key driver of startup ecosystem growth in the region. Seizing this opportunity, PT Bank Danamon Indonesia Tbk (Danamon) took part in the Japan-ASEAN Startup Business Matching Fair 2026.
The annual forum, organised by Krungsri, brings together startups, investors, and corporations from Japan and ASEAN to strengthen innovation collaboration under the MUFG Global Network initiative.
At the event, Danamon also signed a Letter of Intent (LoI) together with the Ministry of Communication and Digital (Komdigi), Bank of Ayudhya (Krungsri), Krungsri Finnovate, and MUFG Innovation Partners (MUIP).
The collaboration aligns with the presence of the MUIP Garuda Fund, a US$100 million corporate venture fund established by MUIP, MUFG, and Danamon to invest in the fintech and technology sectors.
Through this initiative, Danamon is expanding connectivity within the ASEAN-Japan startup ecosystem whilst opening up more sustainable collaboration and investment opportunities.
Reza Iskandar Sardjono, Chief Strategy Officer of PT Bank Danamon Indonesia Tbk, said Danamon’s participation in the Japan-ASEAN Startup Business Matching Fair 2026 reflects the company’s commitment to strengthening the connectivity of Indonesia’s startup ecosystem with Japan and the wider ASEAN region.
Through synergy with the MUFG Global Network, Danamon aims to open broader access for national startups to connect with global investors and corporations.
Over the course of the one-day event, the fair facilitated more than 500 business matching sessions involving over 90 startups from six countries, including Indonesia, as well as around 140 global companies and investors. In addition to pitching sessions and one-on-one business meetings, participants also attended exhibitions, discussions on regional investment trends, and networking activities to broaden collaboration opportunities.
Through collaboration with strategic partners across the ASEAN region and Japan, Danamon continues to strengthen its role as a connector between innovation, investment, and business growth.
Support for startups is directed not only at opening access to funding, but also at expanding global networks so that Indonesian startups can enhance their competitiveness and contribute more significantly to the regional digital economy.