Slow and steady wins the race for this SG data startup

More: A Vietnamese e-bike startup’s partnership with HSBC and a look at Tonik Financial’s latest numbers. [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: - [The Singapore-based data startup that’s growing at its own pace]( - A change at the top for fintech firm Spenmo - Other newsy highlights such as Dat Bike’s partnership with HSBC and Tonik Financial’s… financials --------------------------------------------------------------- Hello {NAME} In case you haven’t heard, the theme of our [flagship conference]( this year is “Southeast Asia: A Bright Spot in the Tech World.” We intend to show how the region has emerged as a silver lining amid the dark clouds of the current macroeconomic environment. Meiro is one of the companies that have contributed to this silver lining. The Singapore-based data startup reached profitability just two years after its founding, and its leadership team believes in a model of constant reinvestment instead of gunning purely for maximum profits. All this has created a company that looks and feels set for long-term, sustainable growth. Read on to find out more. -- Winston  ---------------------------------------------------------------  THE BIG STORY [Profitable SG data startup banked on founders’ previous firm for funds]( Singapore-based Meiro is now raising US$3.5 million in its first external round of funding in a bid to scale its business. --------------------------------------------------------------- TRENDING NEWS [Spenmo names ex-Coinbase, Gojek exec as new CEO amid allegations]( Justin Choi replaces Spenmo co-founder Mohandass Kalaichelvan, who will take an advisory role at the firm. [HSBC Vietnam to help Dat Bike go digital, global]( The EV firms is looking to enter more markets in Southeast Asia, starting with Singapore. [Tonik’s interest income jumps 5.7x to $6.2m, losses grow 40% (update)]( Last year, the firm behind Tonik Digital Bank raised US$131 million in a series B round led by Mizuho Bank. [Singaporean ex-Googler’s startup raises $58m for enterprise AI endeavor]( Emerging out of stealth mode, Reka announces its first offering: an AI assistant that can generate ideas and produce tabular data, among other functions. ---------------------------------------------------------------  VISUAL STORY OF THE DAY [A cheat sheet of M&As in Southeast Asia]( Need to get up to speed with SEA’s M&A scene? This one’s for you. ---------------------------------------------------------------  SYNC 2023: CLIMATE TECH  Reimagine sustainable innovation and tap into climate tech’s investment potential SYNC is back this year with a first-of-its-kind gathering that spotlights Asia’s climate tech leaders. Mark your calendar for August 21, 2023 and join us at the iconic Gardens by the Bay in Singapore for our annual tech summit. At this invite-only event, you can explore the vast potential of climate tech, a thriving field that showcases innovation and lucrative opportunities. You’ll also get to meet cutting-edge startups and connect with inspiring investors to propel your business forward. Find out more about SYNC 2023: Climate Tech and apply for your invitation [here](. Early bird tickets are available for a limited time - sign up now and secure your place among the chosen few! ---------------------------------------------------------------  EVENTS HAPPENING You can also check out a curated list of trending tech events [over here](. - [Tech in Asia’s Founders Meetup: Thailand on July 26]( Want to be where Thailand’s founders converge? Join us at our networking event, which will be held on July 26 at theCOMMONS, Thonglor, 335/1 Sukhumvit 55 Klongton Nua, Wattana, Bangkok 10110 from 5:30 p.m. to 7:30 p.m. - [SYNC 2023: Climate Tech on August 21]( Do you want to make a positive impact on the fight against climate change? Join SYNC 2023 on August 21 at Singapore's green haven, Gardens by the Bay, to learn more about sustainable innovation and eco-friendly practices. Besides spotlighting climate tech via this invite-only event, Tech in Asia is committed to reducing our carbon footprint. Be part of this movement towards a sustainable future - send in your application for a SYNC 2023 ticket today! ---------------------------------------------------------------  WHO'S HIRING You can post a job [here]( or search for jobs [here](. - [Product Owner]( at Koltiva Jakarta, Indonesia - [Observability Engineer (NOC)]( at Dropsuite Bandung, Java, Indonesia - [Tax and Payroll Compliance Specialist]( at Hangry Jakarta, Indonesia - [Human Resource Officer]( at GTech Digital Asia Jakarta, Indonesia - [Fulfillment Manager]( at SCI Ecommerce Jakarta, Indonesia - [Finance & Accounting Officer (For MCM)]( at PT Merah Cipta Media 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? 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