01F Group Invests in DANA to Expand Indonesia’s Digital Financial Services

The investment will support DANA’s continued growth and expansion of financial services for consumers, merchants and financial institutions across Indonesia. The company did not disclose the investment amount or funding round.

What is DANA?

DANA is an Indonesia-based digital wallet and financial services platform serving consumers, businesses and financial institutions through an integrated ecosystem. Its services include digital payments, QRIS, money transfers and AI-powered financial solutions.

The platform serves millions of users and micro, small and medium enterprises (MSMEs) including customers and businesses in Tier 2 to Tier 4 regions. DANA was established in 2018 and focuses on expanding access to digital financial services in Indonesia.

Funding Details

The investment was made by 01Fintech, the growth-stage fintech private equity arm of 01F Group. The company has not disclosed the financial value of the investment or identified it as a specific funding round.

The investment gives 01Fintech an opportunity to work with DANA through its fintech expertise and regional network while supporting the platform’s expansion in financial services.

How Will DANA Use the Investment?

01Fintech and DANA plan to explore several areas of collaboration. These include expanding lending and working-capital access for MSMEs using the DANA platform.

The companies will also look at increasing access to services such as micro-insurance, digital savings and wealth-building products. Another focus will be exploring cross-border payment solutions for Indonesian merchants and consumers through 01F Group’s regional network.

Company Background

DANA

DANA (PT DANA Digital Group) is an Indonesian digital financial platform founded in 2018. Vince Iswara is the CEO and co-founder of DANA. The company provides digital payments, QRIS, money transfers and AI powered financial solutions for consumers, businesses and financial institutions. It also focuses on AI innovation, cybersecurity and fraud prevention.

01F Group

01F Group is a global investment platform that backs technology companies through different investment strategies. Its investment arms include 01Fintech, 01F GPS and the 01F Intelligence Fund. 01Fintech focuses on growth-stage fintech companies in Asia with an emphasis on digital financial inclusion. Kenny Man is the Founder and Managing Partner of 01F Group.

Market and Business Growth

DANA operates in Indonesia’s growing digital payments market, where digital transactions are becoming increasingly important for consumers and small businesses. The source states that digital payments in Indonesia are projected to approach $1 trillion by 2030.

The investment is expected to strengthen 01F Group’s presence in the regional fintech sector while giving DANA access to 01Fintech’s sector expertise and regional connections.

What Happens Next?

DANA and 01Fintech will explore opportunities to expand financial access for MSMEs, introduce additional financial products and develop cross-border payment solutions. The partnership will also focus on supporting DANA’s existing platform and its financial services ecosystem.

Leadership Statements

Kenny Man, Founder and Managing Partner of 01F Group, stated:

"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."

Vince Iswara, Chief Executive Officer and Co-founder of DANA, said:

"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."