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Indonesia’s Sinar Mas Group To Invest $200M In Digital Wallet Dana

PUBLIC · DANMar 02, 2022

Amount Raised

$200 Million

Round Type

Funding Round

MaumeeManufacturingInformation TechnologySustainabilityNatural ResourcesE CommerceFashionRetailLifestyleAutomotive

Description

An affiliate of Indonesia’s diversified conglomerate Sinar Mas Group is set to invest $200 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.

Company Information

Company

Dana Holding

Location

Maumee, Ohio, United States

About

Dana Holding Corp. is a leading global provider of powertrain solutions. The company specializes in transmissions, clutches, and torque control products. Dana focuses on both traditional and electric vehicle markets. It aims to enhance margins through a balanced portfolio and significant synergies.

Fundz sees it the moment Dana Holding raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

1 contact
Verified contactsKarem M., Director of Administration hiddenSee plans and pricing
Predictive Intelligence
Strategic

ML-powered predictions for Dana Holding's next move

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Dana Holding raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.