Supporting Startup Growth in Indonesia, Danamon Participates in Japan-ASEAN Startup Business Matching Fair 2026

From left to right: Nobutake Suzuki (Chief Executive Officer, MUFG Innovation Partners); Reza Iskandar Sardjono (Chief Strategy Officer, PT Bank Danamon Indonesia Tbk); Sonny Sudharyana (Director of Digital Ecosystem Development, Ministry of Communication and Digital Affairs); Kenichi Yamato (Chief Executive Officer, Bank of Ayudhya (Krungsri)); Kohei Omori (Head of Japanese Corporate Banking, Bank of Ayudhya (Krungsri)); and Palida Artispong (Acting Managing Director, Krungsri Finnovate Company Limited (KFIN)).

Jakarta, 7 July 2026 – PT Bank Danamon Indonesia Tbk (“Danamon”) reaffirmed its commitment to supporting startup growth in Indonesia by participating in the Japan-ASEAN Startup Business Matching Fair 2026. The event, held annually by Krungsri, brings together startups, investors, and corporations from Japan and ASEAN to strengthen cross-border business collaboration. This business matching activity is part of the MUFG Global Network initiative to accelerate economic co-creation and the innovation ecosystem across the ASEAN–Japan region.

In this event, Danamon also underscored its commitment to strengthening cross-border collaboration within the ASEAN–Japan startup ecosystem by signing a Letter of Intent (LoI) with 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 involvement in the LoI is in line with the presence of the MUIP Garuda Fund, a corporate venture fund formed through collaboration between MUIP, MUFG, and Danamon, with a total commitment of US$100 million focused on investments in fintech and technology sectors. The presence of MUIP Garuda Fund becomes a platform for Danamon to expand connectivity within the cross-border startup ecosystem, while enabling more optimal collaboration and sustainable investment opportunities.

From left to right: Nobutake Suzuki (Chief Executive Officer, MUFG Innovation Partners); Reza Iskandar Sardjono (Chief Strategy Officer, PT Bank Danamon Indonesia Tbk); Sonny Sudharyana (Director of Digital Ecosystem Development, Ministry of Communication and Digital Affairs); Kenichi Yamato (Chief Executive Officer, Bank of Ayudhya (Krungsri)); Kohei Omori (Head of Japanese Corporate Banking, Bank of Ayudhya (Krungsri)); and Palida Artispong (Acting Managing Director, Krungsri Finnovate Company Limited (KFIN)).

“Danamon’s participation in the Japan–ASEAN Startup Business Matching Fair 2026 is a form of our commitment to build startup ecosystem connectivity across the ASEAN region, particularly between Indonesia and Japan. Through synergy with the MUFG Global Network, we aim to provide Indonesian startups with broader access to meet global investors and corporations,” said Reza Iskandar Sardjono, Chief Strategy Officer, PT Bank Danamon Indonesia Tbk.

In a single day, the Japan–ASEAN Startup Business Matching Fair 2026 successfully facilitated more than 500 business matching sessions, bringing together over 90 startups from six countries, including Indonesia, as well as around 140 global companies and investors to build a broader network. Each participant had the opportunity to join startup pitching sessions, take part in 1-on-1 business matching meetings, visit exhibitions and showcase booths from partner banks and startups, attend panel discussions on regional and investment trends, as well as engage in networking sessions designed to strengthen business collaboration.

“We believe that cross-border collaboration is key to developing a sustainable startup ecosystem. By working closely with the partners who signed the Letter of Intent today and leveraging the MUIP Garuda Fund, Danamon is committed to continuing to serve as a bridge for Indonesian startups to access global opportunities and compete in international markets,” concluded Reza Iskandar Sardjono.

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