Singapore-based 01F Group said on September 20 that 01Fintech, its growth-stage fintech private equity arm, has invested in Dana, an Indonesian digital wallet and financial services company.

The companies said they would explore opportunities including lending and working capital solutions for micro, small, and medium enterprises, wider access to products such as micro-insurance and digital savings, and cross-border payments.

The investment size was not disclosed.

The deal reflects 01F Group’s fintech focus. The firm focuses on financial infrastructure, digital payments, and embedded finance.

01Fintech previously received backing from Sinar Mas Financial Services through an Indonesia-focused partnership.

01F Group cited Indonesia’s digital payments growth as a reason, and external forecasts also point to growth through 2030.

Dana’s terms describe it as an electronic money service under Indonesian payment rules.

The company also said it already supported payments through QRIS Cross Border.

Bank Indonesia said the system enables payments between Indonesia and partner countries.

🔗 Source: 01F Group