DANA
Founded Year
2017Stage
Series A | AliveTotal Raised
$554.5MValuation
$0000Last Raised
$554.5M | 3 yrs agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-23 points in the past 30 days
About DANA
DANA provides a digital wallet to deliver the convenience of carrying out transactions with the tap of a finger. The platform allows users to transact with ease, send money, buy pulsa, pay bills, and make e-commerce purchases. DANA was founded in 2017 and is based in Jakarta, Indonesia.
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DANA's Products & Differentiators
Widget Payments
Any merchant can enable users to pay with DANA in their application or on their website seamlessly
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Research containing DANA
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned DANA in 1 CB Insights research brief, most recently on Oct 3, 2023.
Oct 3, 2023 report
Fintech 100: The most promising fintech startups of 2023Expert Collections containing DANA
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
DANA is included in 3 Expert Collections, including Payments.
Payments
3,281 items
Unicorns- Billion Dollar Startups
1,257 items
Fintech 100
100 items
Latest DANA News
Mar 13, 2024
Shinhan Bank Boosting Overseas Ventures with Digital Loans Print Editor Yoon Young-sil The logo of Shinhan Bank Indonesia To strengthen its global operations, Shinhan Bank is accelerating the development and marketing of products targeting local customers, including the launch of digital loan products overseas. According to Shinhan Bank on March 12, Shinhan Bank Indonesia is partnering with local fintech platform company Dana to introduce digital loan products. After signing a business agreement this month, the products are expected to be launched in April. This marks the first time Shinhan Bank is introducing non-face-to-face loan products in collaboration with a platform company in Indonesia this year. The electronic payment company Dana ranks third in the Indonesian Buy Now, Pay Later (BNPL) industry. It is registered and approved by the Indonesian Financial Services Authority with an active customer base of around 837,000 users. The newly introduced digital loan product, called “Channeling Loan,” is a structure where Shinhan Bank Indonesia provides loans to individuals who use the Dana platform. Users of the Dana platform’s payment services can apply for loans directly through the application. Initially, Dana conducts the first round of assessment, after which the application undergoes a second assessment by Shinhan Bank Indonesia. Customers who successfully pass this process can receive the loan amount provided by Shinhan Bank Indonesia through the Dana application. Dana has included payment insurance from the local Indonesian insurance company Sindar Mas in this product to prepare for situations such as defaults lasting over 60 days. Dana opens an escrow account in the name of Sinar Mas with Shinhan Bank Indonesia and reserves 40 percent of the outstanding loan balance in the account. Last year, digital lending, including platform loans, accounted for US$2.6 billion, or 30 percent, of Shinhan Bank’s retail loan balance of US$8.91 billion. As a result, the bank plans to expand its digital division, which has strengths in cost reduction and convenience. Shinhan Bank Vietnam is pursuing new digital businesses such as credit card acquiring and online and offline payment services, while SBJ Bank in Japan is currently conducting tests to digitize mortgage loans, enabling remote processing without the need for face-to-face interactions.
DANA Frequently Asked Questions (FAQ)
When was DANA founded?
DANA was founded in 2017.
Where is DANA's headquarters?
DANA's headquarters is located at Gd Capital Place Office Tower 18 Floor, Jakarta.
What is DANA's latest funding round?
DANA's latest funding round is Series A.
How much did DANA raise?
DANA raised a total of $554.5M.
Who are the investors of DANA?
Investors of DANA include Sinar Mas, Lazada and Ant Group.
Who are DANA's competitors?
Competitors of DANA include Merchantrade and 3 more.
What products does DANA offer?
DANA's products include Widget Payments and 4 more.
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Compare DANA to Competitors
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