What Indonesia's e-commerce unicorn says it's going to do with $1.1 billion in cash investment

Indonesian e-commerce firm Tokopedia plans to use the billion-dollar investment it secured last year to grow its core businesses and make the company"stronger" and more"robust," according to its associate vice president of financial technology, Samuel Sentana.

Speaking to CNBC's"Street Signs Asia" at the Money 20/20 conference in Singapore on Tuesday, Sentana said the money will be used to grow its four key businesses: financial technology and payment; logistics; online-to-offline commerce; and the marketplace and digital business. Financial technology — or fintech for short — can be broadly defined as any digital innovation in financial services, such as insurance or online payments.

"Starting from four cents to the dollar, you can start investing in gold, and that's new for Indonesians," Sentana said.

Gaming?

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Home remodeling is a $450 billion market, and it’s only going to get biggerSturdy growth in remodeling expenditures is led by predictable factors like aging Boomers, and some that are less so, like the increased prevalence of renting.
Source: MarketWatch - 🏆 3. / 97 Read more »