Private Equity 01Fintech invests in Indonesia’s DANA

They plan to expand credit and capital access for MSMEs.

01F Fintech, a growth-stage fintech private equity, has invested in the Indonesia-based digital wallet DANA.

01F Fintech and its parent company 01F Group did not disclose the amount invested.

01F Group founder and managing partner Kenny Man said that their investment in DANA is due to the e-wallet’s exceptional operational discipline as well as its role in serving Indonesia’s micro, small, and medium enterprises. Man also called DANA’s team resilient.

DANA and 01Fintech will explore opportunities to expand credit and capital access of MSMEs on the DANA platform by offering scalable lending and working capital solutions.

The two organisations also aim to expand access to microinsurance, digital savings, and wealth-building tools for Indonesia’s underserved users.