01F Group backs Indonesia's DANA in growth equity fintech bet

What's the deal? 01F GroupDealroom has a profile for this one. Try Dealroom →, through its growth-stage arm 01FintechDealroom has a profile for this one. Try Dealroom →, has made a growth equity investment in DANADealroom has a profile for this one. Try Dealroom →, an Indonesian digital wallet and financial services platform. The deal was announced on September 20, 2026. DANA serves consumers, merchants, and financial institutions across Indonesia through a single integrated ecosystem.

What does DANA do? It runs a digital e-wallet that reaches millions of users and micro, small, and medium enterprises (MSMEs), including in Tier 2 to Tier 4 regions beyond major cities.

Why now? Indonesia is Southeast Asia's largest digital economy, and its digital payments are projected to approach $1 trillion by 2030. 01F Group frames the country as one of the region's most dynamic digital-payments markets, citing high digital adoption and a large consumer base.

What's the endgame? 01Fintech and DANA plan to build value across the wider ecosystem. That includes connecting MSMEs to lending and working capital, adding products such as micro-insurance and digital savings, and exploring cross-border payment solutions using 01F Group's regional network.

What they're saying: "We are not just capital providers; we look forward to being a long-term partner to DANA," said Kenny Man, founder and managing partner of 01F Group. DANA chief executive officer and co-founder Vince Iswara said 01Fintech "brings specialized fintech expertise, strategic regional connectivity, and a shared commitment to sustainable growth."

The signal: The investment signals continued investor conviction in Indonesian fintech, where the runway to a near-$1 trillion payments market is drawing specialised capital toward platforms serving underserved regions and small businesses.

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