01Fintech, a PE firm founded by former-Ant Group executive, receives investment from Sinar Mas Financial Services and establishes strategic partnership with the Indonesia conglomerate to support its digital transformation and fintech investments

SINGAPORE, April 3, 2023 /PRNewswire/ — 01Fintech , a growth stage private equity (PE) firm specialising in financial technology in Southeast Asia, announced today a strategic partnership with Sinar Mas Financial Services (known locally in Indonesia as Sinar Mas Multiartha Tbk, or SMMA). SMMA is a subsidiary of the Sinar Mas Group, one of the largest conglomerates in Indonesia, and provides a broad range of financial services such as life and non-life insurance, securities, banking, capital markets as well as Web3 and fintech services to over 25 million customers daily. 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 ambition. The partnership with 01Fintech is the latest in a series of announcements by SMMA to shore up its fintech capabilities within the group and to the larger Indonesia economy. With 01Fintech Founder and Managing Partner Kenny Man’s established experience in building many fintech unicorns in the region, and his deep advisory expertise from his Board roles across 10 companies, the announcement underscores the scale of SMMA’s fintech vision, and will leverage the 01Fintech team’s specialisation to drive synergies amongst […]

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