Lazada, Sinar Mas investment puts Indonesian fintech DANA in unicorn club

Photo: DANA website

Indonesian digital wallet Espay Debit Indonesia Koe, popularly known as DANA, has entered the unicorn club following investments worth $554.5 million from local conglomerate Sinar Mas Group and e-commerce giant Lazada Group, show regulatory filings accessed by DealStreetAsia.

DANA is valued at $1.13 billion, according to DealStreetAsia’s calculations. A unicorn is a privately-held startup with a valuation of at least $1 billion.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter