Sinar Mas invests $250m in e-wallet startup DANA, Lazada finalises deal too

Sinar Mas invests $250m in e-wallet startup DANA, Lazada finalises deal too

Vincent Iswara, CEO of DANA

Indonesian conglomerate Sinar Mas Group and e-commerce giant Lazada have completed the investment process in local digital wallet company Espay Debit Indonesia Koe, popularly known as DANA, according to a statement on Wednesday.