About Setel
Setel is a company based in Petaling Jaya (Malaysia) founded in 2017. It operates as a D2C, and B2C. Setel offers products and services including Setel App, Mesra Rewards, Parking Service, Fuel Payment, and Motor Insurance. Setel operates in a competitive market with competitors including Caltex and Cardtrend Systems, among others.
- Headquarter Petaling Jaya, Malaysia
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Sectors
Transportation, Automotive & LogisticsFinancial Services
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Phone
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Website
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Social
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- Legal Name Setel Ventures Sdn Bhd
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
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Employee Count
Employee Count
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Products & Services of Setel
Setel offers a comprehensive portfolio of products and services, including Setel App, Mesra Rewards, Parking Service, Fuel Payment, and Motor Insurance. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App for fuel payments and vehicle services management
System to earn and redeem rewards points for purchases
Feature for paying and managing parking needs
Tool for convenient fuel transactions via mobile
App-based purchase of vehicle insurance options
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Product Management Team
13 people
Software Development Team
10 people
Sales and Marketing
1 people
Finance and Accounting
1 people
Full Team
1 people
Data Analysis and Operations Team
1 people
Human Resources and Administration
1 people
Leadership Team
1 people
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Funding Insights of Setel
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Setel
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Setel
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Setel Comparisons
Competitors of Setel
Setel operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Caltex and Cardtrend Systems, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Fuel, lubricants, and services are supplied to motorists and businesses.
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| domain | founded_year | HQ Location |
Payment solutions for fuel and fleet expenses
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Setel
Frequently Asked Questions about Setel
When was Setel founded?
Setel was founded in 2017.
Where is Setel located?
Setel is headquartered in Petaling Jaya, Malaysia. It is registered at Petaling Jaya, Selangor, Malaysia.
What does Setel do?
Setel is a mobile application by Setel Ventures Sdn Bhd in Kuala Lumpur, providing services like fuel payments, earning rewards points, parking management, motor insurance, and road tax renewal. Users can pay via the app for various needs, including EV charging and auto assistance, serving Malaysian motorists through a convenient platform. It integrates features for budgeting, rewards redemption, and vehicle maintenance to enhance daily mobility.
Who are the top competitors of Setel?
Setel's top competitors include Caltex and Cardtrend Systems.
What products or services does Setel offer?
Setel offers Setel App, Mesra Rewards, Parking Service, Fuel Payment, and Motor Insurance.