💸 Fresh rounds roll in. 🤝 INA–EDC pact lands US$600M. 🌱 Climate finance scales in Indonesia.

Dear subscribers,

We’re back with a sharp, no-noise briefing for founders, investors, VCs, and regulators across Indonesia, the region, and beyond. Inside: this week’s key moves in funding, market expansion, strategic partnerships, and policy enforcement—distilled into actionable insights for faster decisions.

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The DailySocial Team

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🚨 What’s New

• Startup funding highlights in Indonesia this week:

  • Alodokter (healthtech): Undisclosed syndicated round led by AngelCentral; supports expansion across telemedicine, bookings, e-pharmacy; 20M+ MAUs.

  • IDRX (Rupiah stablecoin): US$300K pre-seed led by eMerge by MDI Ventures (w/ Indodax, MANSA, Lisk, Camp, angels); focus on security, compliance, and adoption; US$90M+ tx volume since early-2024 launch.

    

  • ForU AI (AI identity): US$2.5M seed from NLS Ventures, IBC, WAGMi, 1982 Ventures + angels; building user-owned AI-DiD; $FORU token and 50M airdrop targeted Q1 2025.

  • Yup / Finture (neobank & paylater): US$32M Series C1 led by Moore Strategic Ventures and Spice Expeditions; total funding US$100M+; breakeven target end-2025; OJK/BI-licensed group entities; expanding digital insurance (Indotekno, Fuse).

  • Ayoconnect (fintech infra): Undisclosed round led by Finch Capital (w/ ION Pacific); reinforces disciplined growth and near-term break-even plan.

  • FAZZ (fintech infra): US$10M filing from UQ Fintech Lab; total equity funding US$193M+ to date.

• OJK, the Indonesian National Police, and multiple agencies repatriated and detained AAG, former Director of PT Investree Radhika Jaya, for allegedly raising Rp2.7T illegally (Jan 2022–Mar 2024) via SPVs PT Radhika Persada Utama and PT Putra Radhika Investama. Charges include Article 46 jo Article 16(1) Banking Law and Article 305(1) Law No. 4/2023 (P2SK) jo Article 55 Criminal Code, carrying 5–10 years imprisonment. After a Red Notice in Nov 2024 and non-cooperation while in Doha, Qatar, authorities executed NCB-to-NCB cooperation, G2G diplomacy, and passport revocation; AAG is now held at Bareskrim. OJK continues to coordinate on victim reports and commends the inter-agency effort to protect consumers and enforce financial-sector integrity. [Read more]

• Indonesia Investment Authority (INA) and Export Development Canada (EDC) signed a Market Leader Partnership MoU providing up to US$600M in financing for INA-priority projects in infrastructure, renewable/clean tech, and agrifood. The partnership pairs EDC’s global reach with INA’s local mandate to generate socio-economic impact, deepen two-way trade, and crowd-in global capital. For Canada, it expands commercial presence in Indonesia—its largest Southeast Asian export market since 2024—while supporting quality job creation. INA frames the MoU as more than financing: it aims to design trusted funding structures that bolster long-term competitiveness; EDC will mobilize its exporter/investor network to surface opportunities. Established in 2020, INA targets transport, logistics, digital, green energy, healthcare, food, and advanced materials. [Read more]

👏 What’s Exciting

• Oracle to build hyperscale data center & AI footprint in Indonesia.
  Oracle announced plans to invest in Indonesia’s tech infrastructure, focusing on a large-scale data center in Batam (≈120MW power capacity) and AI solutions to accelerate national digital transformation. In partnership with Danantara and with government support, Oracle aims to strengthen data sovereignty, expand digital infrastructure, and create skilled jobs—serving public sector, banking, and enterprises, and extending reach via Nongsa Digital Park. Sustainability considerations will be integrated as part of the permitting process.

• OpenAI launches ChatGPT Go in Indonesia.
  OpenAI introduced ChatGPT Go in Indonesia—the second country globally to receive the service. Priced at Rp75,000/month, it targets free users seeking premium capabilities at a lower price point, including access to GPT-5, more image generation, expanded file uploads, advanced data analysis, and custom GPT building. Indonesia’s user base has reportedly tripled year-over-year, ranking among the global top five. OpenAI reiterated its data-privacy commitments; the government welcomed broader AI access. ChatGPT Go complements Plus and Pro, and will compete with other premium AI offerings such as Google’s Gemini.

• Danantara Trust Fund – US$100M initial philanthropic allocation.
  Danantara committed US$100M to seed philanthropy programs in education, health, and WASH, in collaboration with the Bill & Melinda Gates Foundation. CEO Rosan Roeslani said Danantara will allocate 1–2% of annual dividends to sustain social initiatives. This “philanthropy lab” runs through Jan 2026, with concrete partnerships to follow. Backed by President Prabowo Subianto—who met Bill Gates during UNGA 80—the initiative seeks humanitarian projects that tackle poverty, hunger, and education gaps, positioning Indonesia as a regional philanthropy hub.

  

🚀What’s Next: Indonesia’s Climate-Finance Moment

A joint report by BNI Ventures and Fairatmos frames climate finance as a fast-growing, trillion-dollar opportunity rather than a niche issue:

• Scale of the opportunity. Global climate-tech investment reached US$79B (2022–2023); the broader mitigation & sustainability market is estimated at US$1.2T. Indonesia stands out with Nature-Based Solutions (NBS) potential of US$150B and circular-economy upside of US$42–45B by 2030.

• Indonesia’s natural advantage. With 63% forest cover and >1.5Gt CO₂ annual absorption capacity, NBS (reforestation, mangrove restoration) can materially support 2030 NDC targets. Optimized forest-sector carbon transactions could reach ~Rp258T/year. The President has floated IDR 1,000T (~US$65B) in NBS-based carbon-credit revenue by 2028.

• Circular economy impact. Indonesia faces rising waste—from 57.4M tons of food loss & waste in 2019 to a projected +82% by 2030. Circular strategies could halve waste, cut methane emissions, and boost resource efficiency—adding US$42–45B to GDP by 2030. Companies like Waste4Change, Tridi Oasis, and Rapel illustrate how blended finance, equity, and strategic M&A can scale innovation.

• Financing gap & solution. Against US$39.5B mitigation needs by 2030, current capital falls short (international US$26.7B, domestic US$18B identified). Blended finance is a key lever—combining philanthropic, development, and private capital—as seen in Offset8 Capital’s biochar projects in Java and Circulate Capital’s ocean-plastics fund in Southeast Asia.

• Execution pillars. Acceleration requires:
  (1) Technical readiness (data, MRV, risk indicators),
  (2) Financial architecture (catalytic instruments, risk guarantees, first-loss capital), and
  (3) Regulatory clarity (SRN, cross-border MRAs).

With actors like BNI Ventures already backing climate-friendly technologies (e.g., AssistX), Indonesia is at a critical inflection point to convert potential into scaled action. With coordinated stakeholder execution, Indonesia can meet climate targets—and lead the region’s transition to a resilient green economy.