PT Bank Danamon Indonesia Tbk (Danamon) supports the growth of startups in Indonesia by participating in the Japan-ASEAN Startup Business Matching Fair 2026 on Sunday (12/07).

The annual event, organized by Krungsri, brings together startups, investors, and corporations from Japan and ASEAN to strengthen cross-border business collaboration.

Danamon Signs Letter of Intent to Strengthen Startup Ecosystem Collaboration

The Japan-ASEAN Startup Business Matching Fair 2026 is part of the MUFG Global Network initiative to accelerate economic co-creation and innovation ecosystems in the ASEAN-Japan region.

During the event, Danamon strengthened its commitment to cross-border collaboration in the ASEAN-Japan startup ecosystem by signing a Letter of Intent (LoI) with the Ministry of Communication and Digital Affairs of the Republic of Indonesia (Komdigi), Bank of Ayudhya (Krungsri), Krungsri Finnovate, and MUFG Innovation Partners (MUIP).

Danamon’s participation in the LoI is aligned with the presence of MUIP Garuda Fund, a corporate venture fund created through collaboration between MUIP, MUFG, and Danamon.

The fund has a total commitment of USD100 million and focuses on investments in the fintech and technology sectors.

MUIP Garuda Fund Expands Startup Investment Opportunities

The presence of MUIP Garuda Fund allows Danamon to expand startup ecosystem connectivity across countries while creating opportunities for sustainable collaboration and investment.

Chief Strategy Officer of PT Bank Danamon Indonesia Tbk, Reza Iskandar Sardjono, said Danamon’s participation in the Japan–ASEAN Startup Business Matching Fair 2026 reflects the company’s commitment to building startup ecosystem connectivity between ASEAN countries, especially Indonesia and Japan.

“Danamon’s participation in the Japan–ASEAN Startup Business Matching Fair 2026 is a form of our commitment to building connectivity of the startup ecosystem in the ASEAN region, especially Indonesia with Japan. Through synergy with the MUFG Global Network, we want to provide wider access for Indonesian startups to meet global investors and corporations,” Reza said.

Japan-ASEAN Event Facilitates Hundreds of Business Matching Sessions

The one-day 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.

The participants had opportunities to join startup pitching sessions, take part in one-on-one business matching sessions, view exhibitions and booth showcases from bank and startup partners, attend panel discussions on regional trends and investment, and participate in networking sessions to strengthen business collaboration.

“We believe that cross-border collaboration is the key to growing a sustainable startup ecosystem. Through synergy with partners who signed the Letter of Intent today and through MUIP Garuda Fund, Danamon is committed to continuing to become a bridge for Indonesian startups in accessing global opportunities and competing in international markets,” Reza said.

PHOTO: BANK DANAMON

This article was created with AI assistance.

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