Axiata Digital to cut bigger checks, narrow focus on investments in three verticals

Axiata Digital CEO Mohd Khairil Abdullah

Axiata Digital Services Sdn Bhd, a wholly-owned subsidiary of Axiata Group Bhd, is looking to make bigger investments after setting out to focus on three verticals – fintech, adtech and API platforms, said Axiata Digital CEO Mohd Khairil Abdullah.

“We’ve figured out which business models and businesses would generate the greatest value for us. What we’ve now done is that instead of deploying $200 million over 30 businesses, we have decided to deploy a much bigger number to a much smaller portfolio, so the focus will be on three major verticals – fintech, adtech and API platforms,” he told DEALSTREETASIA on the sidelines of Wild Digital 2018 last week.

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