2 hrs ago
01F Group Invests in Indonesia’s Digital Finance Platform DANA
01F Group is investing in DANA, a company that provides digital financial services in Indonesia.
DANA lets people and businesses make payments and use other financial tools.
It serves millions of users, merchants and small businesses.
The investment will help DANA continue expanding its platform.
The companies also want to connect small businesses with loans and working capital.
They may develop services such as digital savings, micro-insurance and wealth-building tools.
They will also explore easier cross-border payments.
Both companies say they want to make financial services more accessible and support Indonesia’s growing digital economy.
01F Group’s 01Fintech announced an investment in Indonesia-based digital financial platform DANA on September 21.
The investment is intended to support DANA’s growth, financial inclusion efforts and digital financial infrastructure.
DANA serves consumers, merchants, financial institutions and millions of users and MSMEs across Indonesia.
The companies will explore expanded credit, working capital, micro-insurance, savings, wealth-building and cross-border payment services.
Indonesia’s digital payments market is projected to approach USD1 trillion by 2030, according to the announcement.
- Who
- 01F Group, through its growth-stage fintech arm 01Fintech, and DANA.
- What
- 01Fintech announced an investment in DANA and plans to explore cooperation across digital financial services.
- Where
- The announcement was made in Singapore, while the investment focuses on DANA’s operations in Indonesia.
- When
- September 21; the announcement does not specify a year.
- Why
- To support DANA’s growth, strengthen digital financial infrastructure, expand financial inclusion and help businesses and consumers access financial services.
Key facts
- Investor
- 01F Group through 01Fintech
- Investee
- DANA, also identified as PT DANA Digital Group
- Market
- Indonesia’s digital financial and payments sector
- Users served
- Millions of users, merchants, financial institutions and micro, small and medium enterprises
- Planned cooperation
- Credit and working capital access, financial services expansion and regional payment connectivity
- Market projection
- Indonesia’s digital payments are projected to approach USD1 trillion by 2030
- Investment amount
- Not disclosed in the announcement
Quotes
Kenny Man
Founder and Managing Partner of 01F Group
“Our investment in DANA is grounded in three core convictions: the platform’s exceptional operational discipline, its essential role in empowering local MSMEs, and the team’s unwavering resilience. We are not just capital providers; we look forward to being a long-term partner to DANA as it continues to strengthen Indonesia’s digital financial infrastructure and broaden access to trusted financial services.”
theprint.in
Vince Iswara
Chief Executive Officer and Co-founder of DANA
“We are pleased to welcome 01Fintech to DANA’s journey. Beyond capital, 01Fintech brings specialized fintech expertise, strategic regional connectivity, and a shared commitment to sustainable growth. Together, we remain focused on strengthening our core platform, supporting everyday merchants, and providing trusted financial tools to communities across Indonesia.”
theprint.in
Sources
Related news
RBI Governor Calls Fintech Firms Key Partners for Inclusion
UPI’s Decade Transforms India’s Digital Economy Toward 2047
RBI Governor Says Fintech Took Banking From Branches to Hands
Modi Calls for Broader, Safer Fintech Growth Beyond Payments
Navi UPI, IndusInd Bank Partner on New Payment Switch
