PT BSD Invests $25 Million in DANA to Boost the Digital Ecosystem

- 16 August 2022 13:56 WIB
BSD City. (Photo/twitter @BsdCity_)
BSD City. (Photo/twitter @BsdCity_)

JAKARTADAILY.ID – PT Bumi Serpong Damai Tbk (BSD) strengthens its investment in the digital ecosystem.

Through its subsidiary, PT Sinar Pertiwi Megah (SPM), BSD which is listed on the Indonesian stock exchange with the BSDE stock ticker, has made a capital placement of USD 25 million or around Rp 366.5 billion in PT Elang Andalan Nusantara (PT EAN), provider of DANA, a digital wallet application.

Director of PT Bumi Serpong Damai Tbk, Hermawan Wijaya said that this strategic investment will not only provide added value to stakeholders, especially shareholders in the future, but it will also strengthen and provide added value to the BSDE digital ecosystem.

Also read: BSDE Record IDR1.35 Trillion Net Profit in 2021

"The inclusion of DANA in the company's long-term investment portfolio will increase and support each other in marketing activities, strategic partners and develop integrated, safe and reliable electronic payments for a better digital experience," Hermawan said in an information disclosure, quoted Tuesday, August 16, 2022.

Hermawan added that this BSDE investment is an initial milestone in the strategic collaboration between the company as a property developer and DANA as a provider of digital payment platforms.

"In addition to increasing financial literacy and inclusion, it will also provide a better digital experience for our consumers, so that it will improve the company's performance in the future," he explained.

Also read: BSD City’s Digital Hub Program Connects Hundreds of Digital Startups with Capital Companies

BSD City currently has land reserves of more than 2,197 hectares that have entered the third stage of development and have become a source of income for the company.

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Editor: Suksmajati Kumara

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