Why Indonesia's education loan sector is struggling to make the grade

[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: - [Why Indonesian eduloan firms are endangered]( - The things anonymous founders say about VCs --------------------------------------------------------------- Hello {NAME} I still owe a hefty outstanding student loan balance that feels like it never gets smaller, but in many ways, I’m lucky. For one, tuition fees tripled in the UK the year after I started university, so I escaped an even heftier bill for my English literature degree. Secondly, I got my loan from the Student Loans Company, which is run by the government, so the interest rates are low and the firm hasn’t sent debt collectors after me. It would be much different if I had a private loan, as is common in the US, for example. Indonesia’s government looks like it will soon get into the student loan game, which spells trouble for eduloan startups. In fact, such companies are facing a bleak future for a number of reasons, as today’s featured story explores. -- Peter  ---------------------------------------------------------------  THE BIG STORY [Indonesia’s eduloan startups face bleak future amid losses, regulatory threats]( Amid a struggle to boost revenue, eduloan startups in the country face public backlash and possible competition from the government's loan program. ---------------------------------------------------------------  VISUAL STORY OF THE DAY [Glasswall: The things anonymous founders say about VCs]( Check out the recent anonymous reviews for these VC firms. --------------------------------------------------------------- THE FUTURE OF PRODUCT DEVELOPMENT STARTS NOW! Dive deep with inspiring speakers and cutting-edge trends The future of product development is happening today at the Jakarta Convention Center! Get ready to dive into a world of innovation, meet incredible speakers, and explore the latest trends, strategies, and technologies at Product Development Conference 2024. Join the excitement and snatch your tickets [here]( You can also meet our friendly team at the registration counter in the venue. See you there! ---------------------------------------------------------------  PRESS PEEKS The following press releases were published as they were received, without any editing from the Tech in Asia team. You too can publish your own press release on Tech in Asia by simply filling in [this]( page](. Our team will get back to you by the next business day. - Carbonwize - [Carbonwize and Thailand’s Stock Exchange Partner to Transform Emissions Reporting]( A new strategic partnership aims to enhance carbon management and reporting for over 840 publicly listed companies.  - Volopay - [Volopay has a new expense management dashboard, AI-powered tools, & a fresh user interface]( Volopay launches a new expense management suite: corporate cards, accounts payable automation, and accounting integrations across the APAC.  - Arches - [Arches Raises $3 Million to Democratize Expertise on Asia’s Markets & Beyond]( Arches raised $3M to empower MBB, Big4, & large-cap PE in Asia.  - Viva Money - [Viva Money All Set to Be Launched In Maharashtra, After Gujarat and Karnataka]( The pioneering online lending platform Viva Money has significantly expanded its operations to a third state in India, Maharashtra. ---------------------------------------------------------------  EVENTS HAPPENING You can also check out a curated list of trending tech events [over here]( and Tech in Asia’s signature events [here](.  [Tech in Asia Conference Kuala Lumpur 2024 : Malaysia on The Rise on 24 - 25 July]( We are pumped up for the stage sessions happening at the conference. Hear from visionary leaders shaping the tech landscape, including: - Venon Tian, the mastermind behind Zus Coffee's innovative coffee empire - Carmen Yuen, a venture capitalist at Vertex Ventures who will share about what it takes to be a soonicorn - Eric Cheng, co-founder of Malaysia’s unicorn, Carsome, will share key lessons from building the company ... and many more! Limited Fourth Release tickets are available and prices increase on July 1. [Secure your tickets today. Â]( [Product Development Conference (Jakarta, 25-26 June 2024)]( The countdown is on! PDC kicks off in just a few days and tickets are flying off the shelves. Don’t just talk about innovation, experience it firsthand on June 25-26. P.S. We’ve got less than 50 tickets left on Pro Pass; General Pass are selling out real soon. Hurry and get yours before they’re gone! [Tech in Asia’s Founders Meetup in Malaysia on July 25]( Double the excitement awaits as Founders Meetup returns to Malaysia, this time in conjunction with the closing party of TIA Conference KL! It's the perfect opportunity to unwind, network, and connect with fellow founders, startup leaders, and investors. Hurry, [get your early bird ticket]( before the promo ends on June 28! [Tech in Asia Conference Jakarta on Oct 23-24]( Where is the next Silicon Valley? It might just be Jakarta! Indonesia's young tech talent is booming, and Tech in Asia Conference Jakarta puts you right in the center of the action. Join us at #TIAConferenceJKT to connect with 4000+ region's brightest minds, 150+ hottest startups, and hear straight from 80+ experts. Early-bird tickets are now available! [Snatch the 75% discount while it lasts!]( ---------------------------------------------------------------  WHO'S HIRING You can post a job [here]( or search for jobs [here](. - [Satellite Engineer]( at Pasifik Satelit Nusantara Jakarta, Indonesia - [Senior DevOps Engineer (AWS)]( at UPBOND Jakarta, Indonesia - [Associate Product Manager (Dealer Financing)]( at Moladin Digital Indonesia Jakarta, Indonesia - [Frontend Developer]( at Aigens Jakarta, Indonesia - [Jr Growth]( at Scout.inc Jakarta, Indonesia - [Backend Developer]( at PT Allo Bank Indonesia Tbk 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.