![[Updated] Indonesia's Sinar Mas Group to invest $225m in digital wallet DANA](https://media.dealstreetasia.com/uploads/2019/07/WhatsApp-Image-2019-06-27-at-10.39.06-AM-e1646204026757.jpeg?fit=1024,514&resize=1920,undefined&q=75)
Editor’s note: This story, originally published on Mar. 2, has been updated to include the $25 million investment by PT Bank Sinarmas Tbk in DANA’s parent entity.
Affiliates of Indonesia’s diversified conglomerate Sinar Mas Group are set to invest $225 million in the local digital wallet DANA, according to a regulatory filing. The move is part of the company’s effort to expand its digital business.
