Moneythor and the fruits of its decades-long labor

More: Antler closes new emerging growth fund, and Sequoia Capital spins off its India and Southeast Asia arm [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 Moneythor prioritizes substance over pizzazz]( - The Singapore consumer electronics resale platform that grew its revenue sixfold in a year - Other newsy highlights such as Antler’s latest US$285 million fund --------------------------------------------------------------- Hello {NAME} I reckon I’ve mentioned this before, but I’m a process person. While results obviously matter and provide a north star metric, I find that what’s most important is what happens in the day-to-day and how we respond to the different challenges. Headline-making successes may catch my eye, but if the story doesn’t elaborate on the process, I tune out. Today’s premium story is about fintech firm Moneythor, the rare startup that has been bootstrapped, debt-free, and profitable since its inception. Obviously, this didn’t happen overnight. Read on to find out more about the founders’ decades-long process to get to this point. -- Winston  ---------------------------------------------------------------  THE BIG STORY [Fintech builder shows why being profitable – and some gray hair – helps you snag big clients]( Singapore-based Moneythor has been debt-free since its inception a decade ago. We look at how the founders did it. --------------------------------------------------------------- TRENDING NEWS [Antler expands to A rounds, launches $285m Elevate fund for startups]( The fund will support founders across Antler’s global footprint, providing scale-up capital from series A onwards. [Electronics reseller Reebelo posts nearly 6x revenue growth in FY 2022]( The company also registered US$13.9 million in total expenses, a roughly 321% surge year over year. [USDC issuer Circle secures major payment institution license in SG]( The company officially opened its Singapore office in May 2023. [MUFG Bank invests $27m in Indian cloud lending platform Lentra (update)]( Lentra enables financial institutions to automate retail finance and credit assessment, speeding up the lending process. ---------------------------------------------------------------  LISTICLE OF THE DAY [50 rising startups in Indonesia]( Which startups are on the path to becoming the next big thing? ---------------------------------------------------------------  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 form](. Our team will get back to you by the next business day. - klink.cloud - [klink.cloud and Ooredoo Business announce strategic partnership to offer omnichannel contact center solutions for businesses across Southeast Asia]( klink.cloud and Ooredoo Business Partner to Offer Omnichannel Contact Center Solutions for Businesses in Southeast Asia- Oxalus - [Oxalus, The NFT Social Commerce Platform Raises $1,1M From IDGCVB & Kyber Ventures]( An NFT-focused blockchain startup recently raised $1,1 million in seed funding led by IDG Capital Vietnam Blockchain and Kyber Ventures. ---------------------------------------------------------------  EVENTS HAPPENING You can also check out a curated list of trending tech events [over here](. - [Tech in Asia’s Founders Meetup: Vietnam on June 28]( Our networking event, Founders Meetup: Vietnam, is happening in Ho Chi Minh City on June 28 at The Sentry, 2/F Sonatus Building. 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! ---------------------------------------------------------------  WHO'S HIRING You can post a job [here]( or search for jobs [here](. - [Software Development Engineer 2/3 (Backend Java)]( at MyRobin Jakarta, Indonesia - [Lead Product Manager (Jakmall.com)]( at Dealls Jakarta, Indonesia - [AP & AR Manager]( at Octopus Indonesia Jakarta, Indonesia - [Corporate Purchasing Officer]( at GoWork Jakarta, Indonesia - [Backend Developer (Go)]( at Gokomodo Jakarta, Indonesia - [Customer Support Specialist (Yogyakarta)]( at Jubelio Yogyakarta, 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 © 2023 Tech in Asia, All rights reserved. 63 Robinson Road, Singapore 068894