Spending power
TheGrid Corporate Spending Power index would rate purchasing capacity from registry, scale and activity signals.
Spending power
Key facts
Counted staff
618
self-reported 201–500 band
Founded
2018
8 years
Legal entities
None matched
Office countries
1
1 address
Funding rounds
None on record
Company type
Privately Held
self-reported
Description
Setel Ventures Sdn. Bhd.
SSM: 201901000991 (1310317-A)
Introduced in July 2018, Setel is a mobile platform that aims to delight customers by innovating for better, inclusive mobility. Setel serves customers across Malaysia by powering one app as the constant companion to ease motorists’ journey across fuelling, parking, EV charging, motor insurance, road tax, auto assistance, general purchases and more across an ecosystem of PETRONAS petrol stations, retail partners, and online merchants.
Mobility is defined as the ability to move, be it physically or circumstantially. At Setel, we envision the Future of Mobility as the simplification of moving from one place to another through technological advancement.
Our Milestones
- Enrich the convenience of purchasing at PETRONAS stations by seamlessly integrating both payments & the Mesra loyalty programme.
- Enable one-tap fuelling from the petrol pump, cashless payments at PETRONAS Kedai Mesra, and store-to-vehicle shopping with the Deliver2Me feature to improve customer purchasing experience.
- Pioneered the industry’s first cardless fleet fuelling solution for PETRONAS SmartPay.
- Introduce mobility features such as parking payment, road tax renewal, vehicle takaful and insurance renewal, and auto assistance - all powered by Setel’s e-Wallet. More partners and features will be added to grow the mobility ecosystem.
- Gradually expanding the presence of Setel payment availability to physical and online stores nationwide.
- Extend the mobile platform to PETRONAS Shop, an eCommerce site that offers authentic PETRONAS products such as merchandise, lubricants, vouchers and more.
- Incorporate the ‘One-click checkout’ feature that allows customers to complete transactions faster as shipping and payment details are obtained directly from their Setel account.
- Pilot used cooking oil recycling feature to contribute towards securing feedstock for green fuel.
Specialties
All 1 specialty
- e-wallet and petrol payment
Locations
Country footprint
Show as table · Offices in 1 country
| Countries | 1 |
|---|---|
| Primary country | MY |
All codes: MY
Addresses
- MYAvenue 10; Level 11, The Vertical; Bangsar South City, Kuala Lumpur 50200Primary
Grid intelligence Members
Signals & hiring
Hiring, headcount and registry-change signals, streamed to members.
Latest signal
Hiring activity
Headcount trend
Financials
Registry-filed capital and financial indicators, standardised by TheGrid.
Paid-up capital
Fiscal period
Registered charges
Revenue
Profit / loss
People & contacts
3 employee profiles on record · names withheld.
Names and titles are intentionally absent from this page. The source relation carries no consent record across the privacy regimes this directory spans, so it is never requested and never stored. Search engines see exactly what you see here.
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FAQ
How many people work at Setel?
618 counted staff profiles at January 2026, above the self-reported 201–500 band.
Where does Setel have offices?
One address on record, Malaysia only. Primary: Avenue 10, Level 11, The Vertical, Bangsar South City, Kuala Lumpur 50200.
Has Setel raised funding?
None linked to this brand.
What does Setel list as its specialties?
One tag on the brand's own list, among them e-wallet and petrol payment.
Which companies are listed alongside Setel?
Seven peer profiles on record: Telekom Malaysia and CIMB.