The $1.1m dispute between Rapyd and a former salesperson

More: Shein might not list in London and India’s got a new unicorn. [Read from your browser]( Daily Newsletter Welcome to Tech in Asia's free Daily Newsletter! Get full access to our subscribers-only Daily Newsletter and other insightful analysis on the big and messy topics of Asia’s tech and startup community by [registering here](.  --------------------------------------------------------------- IN FOCUS In today's newsletter, we spotlight: - Fintech firm Rapyd’s [legal tussle with an ex-employee over unpaid commissions]( - AI company Sqreem’s latest acquisition - Other newsy highlights such as Golden Gate Ventures’ new fund in the Middle East and India’s newest unicorn --------------------------------------------------------------- Hello {NAME} Here at Tech in Asia, our business development team works hard to bring in the dough. I’ve seen them on back-to-back calls, their inboxes filled to bursting with email after email. I’ve even helped them with proposals to prospective clients, staring in awe at the detailed slide decks they put together. They’re an important part of the company, and I admire them and their tenacity, because I could never. When I worked at a shoe shop as a teenager, my sales figures were always one of the lowest because “if you don’t want to buy, then don’t buy I guess” was my approach to the job. That’s how I learned that I’m rubbish at sales, and I started doing other things, which have led to me writing this newsletter. Where I’m going with this is that the sales life is a tough life, and their commissions are often structured as such to incentivize and motivate them to keep hustling despite the challenges that come their way. However, sometimes conflicts arise between employee and employer over these commissions - and things can get pretty gnarly, as we learn in today’s premium story. -- Stefanie  ---------------------------------------------------------------  THE BIG STORY [Ex-staff sues fintech unicorn Rapyd, alleges $1.1m in unpaid commissions]( The UK-based firm has pushed back, saying its clients made “round-tripping” transactions that invalidated commissions. --------------------------------------------------------------- TRENDING NEWS [Singapore’s Sqreem acquires youth-focused digital ad platform TotallyAwesome]( The deal would help Sqreem navigate ethical youth marketing amid rising global debates on responsible AI usage, especially around young audiences. [Golden Gate Ventures launches $100m MENA fund in Qatar]( The fund has US$20 million in commitments, supported by anchor investors Al Khor Holding, Al Attiya Group, and Sheikh Jassim bin Jabor al-Thani. ---------------------------------------------------------------  VISUAL STORY OF THE DAY [Grab’s financial health in 10 charts]( These charts offer a snapshot of how Grab is performing. --------------------------------------------------------------- THE FUTURE OF BUSINESS SPEAKS EVERY LANGUAGE  RSVP now and bridge cultural gaps for a competitive edge Building a global team isn't a walk in the park. Join our expert roundtable for decision-makers, powered by Deel, and get a crash course in navigating the exciting, and sometimes messy, world of international expansion. Get the opportunity to learn from experienced leaders, gain actionable insights, and connect with a community tackling the same hurdles. [Apply today - seats are limited!]( ---------------------------------------------------------------  EVENTS HAPPENING You can also check out a curated list of trending tech events [over here]( and Tech in Asia’s signature events [here](.  [Saigon Summit 2024 : Charting Vietnam’s Tech Future on May 30]( As Vietnam’s tech scene takes center stage, it’s your chance to get front row seats to witness - no, shape - the innovation that’s drawing attention globally. Join Razer's Min-Liang Tan, Xendit's Tessa Wijaya, and Seek Asia's Peter Bithos at Saigon Summit as they share their insights on building empires, expanding regionally, and unlocking talent potential. [Get your fourth-release tickets while they last - offer ends on May 26!]( [Tech in Asia Conference Kuala Lumpur 2024 : Malaysia on The Rise on July 24-25]( The tech scene in Malaysia is booming, and you don't want to miss out. Join us for two days of insightful talks, inspiring networking, and exciting opportunities. Hear from leading voices like: Khailee Ng (500 Global), Dione Song (Love, Bonito), Venon Tian (ZUS Coffee), and many more! Tickets are selling fast! [Secure your spot today]( and be part of the future of tech in Southeast Asia. [Product Development Conference (Jakarta, 25-26 June 2024)]( We are delighted to announce that Bank Rakyat Indonesia will be joining us as our title partner for Product Development Conference 2024! ✨ Find out how BRI, one of the largest state-owned banks in Indonesia, continues to drive innovation of their products and ecosystem at "Enterprise Product Development by BRI" stage. Stay tuned on this page or through pdc.techinasia.com to get the latest update! Discounted tickets vanishing faster than a viral tweet! Score 35% off before prices rise May 22nd. [Secure your tickets]( now to sharpen your product skills! [Tech in Asia’s Founders Meetup in Vietnam on May 30]( Investors and founders from Vietnam, Taiwan, and beyond have already secured their spots at our Founders Meetup in Vietnam! Will you be joining them? Limited seats are available, so don't miss out. [Use the code VNTIASPECIAL10 to get 10% off your ticket now!]( [Tech in Asia x Airwallex Startup Night on June 19]( Tired of being stuck in the same old routine? We’re shaking things up with an exclusive launch party and networking mixer! Expect a vibrant mix of entrepreneurs, industry disruptors, and fellow founders who dare to dream bigger. Forge connections that matter and unlock secrets to accelerate your startup growth. Limited seats, maximum impact - [secure your spot now!]( ---------------------------------------------------------------  WHO'S HIRING You can post a job [here]( or search for jobs [here](. - [IT Business Analyst]( at SIGMATECH Jakarta, Indonesia - [DevOps Engineer II]( at Mekari Jakarta, Indonesia - [Career Support Operations Intern]( at Purwadhika Digital Technology School Tangerang, Indonesia - [Marketing Creative Lead (Elsa Embrace Indonesia)]( at Dealls Jakarta, Indonesia - [Admin - Gateway Team]( at Scout.inc Cikarang, Indonesia - [Head of Digital Marketing (PT Paloma Hardware)]( at KitaLulus Jakarta, Indonesia [ADVERTISE]( | [SUBSCRIBE]( P.S. Don't miss out on the biggest tech news and analysis. Add newsletter@techinasia.com to your address book, contacts, or safe sender list. Or simply move us into your inbox. Tech in Asia thanks our partners for supporting our newsletters. Sponsorship has no influence on editorial content. Too many emails? Switch to a different frequency or get new content through our [preference center]( or [unsubscribe](. You can also break our hearts and remove yourself from all Tech in Asia emails over [here](  ---------------------------------------------------------------  Copyright © 2024 Tech in Asia, All rights reserved. 13A Neil Rd, Singapore 088810 A member of The Business Times.