Lendable eyes treasures at SEA

We dive deep into the debt finance provider’s interest in the region. [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: - [Lendable and its ambitions in Southeast Asia]( - The challenging times ahead for Ninja Van - Other newsy highlights such as Silicon Valley Bank finding a new owner --------------------------------------------------------------- Hello {NAME} I’ve worked a salaried job with a regular paycheck for several years, which means that it’s pretty easy for me to access financial services. When I applied for a credit card last year, approval was near-immediate, and when I was sussing out housing loans, I found that I fit the bill for getting approved for a loan. It’s not so easy for a dear friend of mine, who’s a freelance photographer. The irregularity of her income means she has a harder time getting approved for loans and credit. And the same applies to businesses. There are lots of MSMEs that can’t access financing because they don’t meet the requirements set by traditional lenders. Startups like Amartha and Fazz do are trying to make financing accessible to that segment. And behind their microfinance offerings sits a company like Lendable, which provides the fintech firms with the necessary capital. -- Stefanie  ---------------------------------------------------------------  THE BIG STORY [Fresh off $110m raise, Lendable eyes ‘huge opportunity’ among SEA fintech firms]( The London-based debt financier has deployed approximately US$150 million to Southeast Asian fintech firms - such as Fazz and F88 - to date. --------------------------------------------------------------- TRENDING NEWS [Failed Silicon Valley Bank finds new owner]( First Citizens Bank will assume US$110 billion in assets, US$56 billion in deposits, and US$72 billion in loans from Silicon Valley Bank. [Challenging times ahead for Ninja Van as losses spike and growth slows]( The Southeast Asian logistics player rode the ecommerce wave but is now facing slower industry growth and intense competition [GrabCar for Women service in Indonesia draws criticism]( The service, only available in selected districts in Bandung, guarantees women passengers extra safety and comfort but it’s more expensive. [Do Kwon faces fraud charges after arrest in Montenegro]( The Terraform Labs founder and another individual were detained after they used forged documents for a flight to Dubai. [Thai unicorn Line Man Wongnai expands WeWork partnership]( Line Man Wongnai joined the unicorn club last year after raising US$265 million in a series B round led by GIC and Line Corporation. [US group calls for Shein shutdown]( The coalition wants to increase the awareness of Shein’s “dangerous and reprehensible behavior.” The company, however, denies these claims. ---------------------------------------------------------------  EVENTS HAPPENING You can also check out a curated list of trending tech events [over here](. - [Tech in Asia’s Product Development Conference 2023]( from May 16 to May 17 Tech in Asia’s Product Development Conference is back! This year’s edition, which will be held in person in Jakarta, will feature over 20 industry leaders, experts, and innovators sharing the latest trends and strategies that can accelerate product development growth. [Register now]( to get 40% off (get additional discounts exclusively for TIA subscribers)! - [Tech in Asia’s Founders Meetup: Philippines]( on April 25 Our networking event, Founders Meetup: Philippines, is happening in Manila on April 25 at Draper Startup House. Join us and share the hardest challenges you’ve faced as a founder. To help you find solutions, we’ll introduce you to fellow founders who have been there and done that. Register today!  - [AD] [Startup Cost Optimization Bootcamp - Foundation]( on March 30 Startups benefit greatly from cloud services, but the costs can add up pretty quickly. If you want to get the most bang for your buck, don’t miss this four-part online bootcamp by Amazon Web Services (AWS). The first session will take place on March 30 and explore the five pillars of cost optimization, different pricing models and saving plans, as well as effective cost monitoring and control with AWS’ suite of tools. Sign up today! ---------------------------------------------------------------  WHO'S HIRING You can post a job [here]( or search for jobs [here](. - [Financial Services Sales and Partnership Lead]( at Youtap Indonesia Jakarta, Indonesia - [Head of Business Development]( at Shoppable Business Makati City, Philippines - [CX Analyst (Mama's Choice)]( at The Parent Inc (theAsianparent) Jakarta, Indonesia - [Brand Activation Manager]( at Female Daily Network Jakarta, Indonesia - [Network Monitoring Center - Cikarang]( at Pasifik Satelit Nusantara Cikarang, Indonesia - [Graphic Designer]( at Rocketindo Jakarta, Indonesia [ADVERTISE]( | [SUBSCRIBE]( P.S. 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