Sinar Mas Financial Services (known locally in Indonesia as Sinar Mas Multiartha Tbk, or SMMA), a provider of a broad range of financial services, received an investment from 01Fintech, a growth stage private equity (PE) firm specialising in financial technology in Southeast Asia.
The amount of the deal was not disclosed.
The strategic investment and partnership involve 01Fintech leveraging its market insights, investment experience, technical and operational expertise and proven unicorn-building experience to transform and operationalise SMMA’s fintech vision and growth plans.
Led by Pak Indra Widjaja, President Commissioner, SMMA is a subsidiary of the Sinar Mas Group, one of the largest conglomerates in Indonesia, providing such financial services as life and non-life insurance, securities, banking, capital markets as well as Web3 and fintech services to over 25 million customers daily.
FinSMEs
06/06/2023