Tech in Asia - Small stakes, giant leaps?

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Hello there

When I was still in school, some of my more financially savvy friends urged me to invest my money instead of leaving it in a bank account. Knowing that I was essentially living from allowance to allowance, my friends suggested that I “start small” as it was more important to begin early. Alas, I did not follow through on their advice because I was too lazy to do research and my finances were stretched too thinly.

However, that’s not a mistake most businesses will make (hopefully). Even if the amount is small, backing the right ventures can often lead to outstanding rewards. In today’s story, we discuss how Modalku and Carro are doing just that with their investment in Jakarta-based Bank Index.

-- Jonathan
 
 

THE BIG STORY

Exclusive: Modalku, Carro invest in Indonesia’s Bank Index, sources say
Modalku joins a growing list of Indonesian startups that recently made moves in digital banking.
 
 

SINGAPORE EVENT


International Women's Day Luncheon 2022

Each year, Tech in Asia celebrates #IWD to promote equal representation and opportunities for women in the tech industry. On 8 March, we are inviting startup leaders to join an interactive and engaging 3- course luncheon in Singapore, to uncover actionable ways they can #breakthebias.

This is a small-group event, with Dione Song (CEO, Love, Bonito), Juliet Zhu (CFO, Carsome) as well as Tech in Asia’s COO Maria Li will be joining to share their experiences and stories. We will facilitate candid conversations on career, life and leadership, to help attendees make meaningful connections.

Limited seats available. RSVP now!



 

TRENDING NEWS

Grab rolls out home cleaning services in Singapore
The new service is available through the GrabMart platform.
YGG’s Axie Infinity assets grew to $25.5m in Q4 2021
Yield Guild Games said that its earnings from SLP – the in-game digital currency of Axie Infinity – generated US$1.3 million in revenue.
Patrick Grove co-founded platform partners with Indonesian rental firm
Instahome and Flokq aim to target around 14,000 Indonesian workers in Malaysia and 3,700 Malaysian students in Indonesia.
Alibaba shelves talks for Lazada’s $1b pre-IPO round
Alibaba may go ahead with spinning off Lazada as a separate company, Bloomberg reported.
Wavemaker, UNDP 🤝 to drive greentech startups in SEA
The three-year partnership will see both parties support the scaling of tech firms under the Sustainable Development Goals.
Indian VC firm nets $214m in first close of environment-focused fund
Firms receiving IvyCap funding should trace their objectives to at least one of the United Nations’ 17 sustainable development goals.


EVENTS HAPPENING


You can also check out a curated list of trending tech events over here.
  • *Event* [Workshop] Why startups should care about inflation on February 24th
    With global inflation rates being the highest they have been in decades, keeping profit margins healthy will be a challenge for startups.
    Join us on February 24 as Billy Naveed, the chief strategy officer at Smile Group, explains how startups should approach runway, burn, valuation, and fundraising in these times. Click here to reserve your seat.
  • International Women's Day Luncheon 2022 on March 8th
    Each year, Tech in Asia celebrates #IWD to promote equal representation and opportunities for women in the tech industry. On 8 March, we are inviting startup leaders to join an interactive and engaging 3- course luncheon in Singapore, to uncover actionable ways they can #breakthebias.
    This is a small-group event, with Dione Song (CEO, Love, Bonito), Juliet Zhu (CFO, Carsome) as well as Tech in Asia’s COO Maria Li will be joining to share their experiences and stories. We will facilitate candid conversations on career, life and leadership, to help attendees make meaningful connections.
    Limited seats available. RSVP now!
  • AWS SaaS Forum on March 8th
    Join the AWS SaaS Forum on March 8 to uncover opportunities and insights on SaaS trends, outlook for 2022 and how to build your business playbook. Attendance is complimentary.



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