Number of challengers to traditional lenders to be capped at seven for now.

Southeast Asia is one of the most rapidly digitalizing regions in the world, with 70% of the region’s population online in 2020, according to the report.

Southeast Asia battles for top professionals as its digital prominence grows.

Media tablets, headsets, water filters, deep fryers, and air treatment products were among the products that registered the highest growth.

SCI Ecommerce, which counts Lazada and Shopee as clients, assists brands and merchants set up and manage digital stores in Southeast Asia and China.

Cons: Depression and loss of productivity. Pro: Unlocking human potential

Plans include tech investment, digital bank tie-up, coworking spaces, and coffee.

The round brings Tonik’s total funding to USD 44 million.