Indodana Fintech, a financial services platform owned and operated by PT Artha Dana Teknologi, has entered into a financing partnership with Bank DBS Indonesia (PT Bank DBS Indonesia) to offer funding to users of the Indodana Fintech application.

Indodana Fintech President Director, Ronny Wijaya said the agreement with Bank DBS Indonesia, a professional financial services institution, is expected to expand the reach of financial services to the underbanked through the Indodana Fintech application that can be used anytime and anywhere. This cooperation also supports the expansion of financial inclusion across the financial services and fintech sectors to provide better financial services for the general public.

"Through this joint financing partnership with Bank DBS Indonesia, Indodana Fintech as a bridge between sources of funding and the public is committed to providing practical and safe services so that they can be utilised wisely by the Indonesian people," said Ronny Wijaya.

Indodana Fintech users can utilise the Cash Fund service to obtain up to Rp20 million in loan, which is easily accessible online through the Indodana Fintech application that can be downloaded on the App Store and Play Store. This service is safe as it holds a license from and has been under the supervision of the Financial Services Authority (OJK) since 2020.

Director of Consumer Banking at PT Bank DBS Indonesia Melfrida Gultom said, "Bank DBS Indonesia fully supports the funding steps taken by Indodana Fintech. This cooperation is also in accordance with Bank DBS Indonesia's first sustainability pillar, Responsible Banking. For us, that means being the latest financial solution through innovative, inclusive and responsible banking products. This is also in accordance with Bank DBS Indonesia's mission to accelerate financial inclusion. Through Indodana's digital system, we are confident that our mission to expand access to loan for the underbanked will be accomplished more quickly, and its benefits enjoyed by many."

About DBS
DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world.

Recognised for its global leadership, DBS has been named “World’s Best Bank” by Global Finance, “World’s Best Bank” by Euromoney and “Global Bank of the Year” by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 15 consecutive years from 2009 to 2023.

DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets.

DBS is committed to building lasting relationships with customers, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by supporting businesses for impact: enterprises with a double bottom-line of profit and social and/or environmental impact. DBS Foundation also gives back to society in various ways, including equipping underserved communities with future-ready skills and helping them to build food resilience.

With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com.

Indodana Fintech collaborates with Bank DBS Indonesia to expand market reach