sci ecommerce

Inside SCI Ecommerce’s financial troubles, from suspected irregularities to a failed restructuring. Plus, Revolut’s Singapore expansion plans.

With potential accounting irregularities being flagged, the ecommerce enabler faces police investigations – all as cash fell 94% last year.

The top IPO candidates in 2025 include GCash in the Philippines, OffBusiness in India, and Enflame Technology in China.

In The Checkout this week, we dive into SCI Ecommerce’s financials last year and examine Temu’s regulatory hurdles in Vietnam.

The Singapore-based ecommerce enabler may go public as early as next year, which could push its valuation over US$1 billion.

We discuss SCI Ecommerce’s big revenue and profit jump and check out customer data platform Meiro’s first external fundraise.

Services and subscriptions make up most of its revenue, having jumped over 3x compared to 2021.

Nash says Southeast Asian region will see a rise in subscription-based buys at a higher level of affluence than they are at today, among other forecasts.

SCI Ecommerce has partnered with popular short-video app TikTok to carry out its brand partner sales directly through the app.

The cross-border ecommerce enabler plans to use the fresh investment to develop new software tools and expand its operations and fulfillment capabilities.