Drivehub saw a 50% growth in sales compared to the same period last year, even though the firm experienced a 90% loss in April 2020.

Female founders of 9 Japanese startups participated in the event that was held in collaboration with the Dell Women Entrepreneurship Network (DWEN).

The firm has now secured a total of USD 36.6 million, including the USD 16 million Series C funding in July last year.

The selected startups will pitch to VCs, angel, and seed investors.

Token sales are set to begin later this year.

However, as the industry is still in the early stages, skepticism, inadequate digital infrastructure, and insufficient support affect young players’ aspirations.

“Currently, 25% of Gostream’s revenue comes from markets outside of Vietnam, including India, Cambodia, Thailand, and Indonesia,” said the co-founder.

A growing presence of digital banks in Indonesia will encourage innovation and digitalization of financial services, expert say.