Syfe helps users manage their money. How well did it manage its own?

More: This Thai D2C startup tripled sales in 2023. [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: - [Syfe’s latest financial figures]( - The Thailand-based D2C startup that tripled its sales in 2023 - Other newsy highlights such as East Ventures’ efforts to measure greenhouse gas emissions in Indonesia --------------------------------------------------------------- Hello {NAME} The other day, I had a meeting with someone who said he appreciates the basketball analogies I sometimes come up with in these opening blurbs. Just for you, dude, I’m going to try to do that again today. Part of why I like the NBA is because it has a salary cap. The limit works as a leveler of sorts - even the teams located in the biggest markets, such as the Los Angeles Lakers and the New York Knicks, can’t just spend all the money they earn on players. And if they choose to go over the cap - which they can - a “luxury tax” kicks in. Not even the richest team owners can countenance bleeding that kind of money for multiple years, so good players on expensive contracts are traded away and the talent distribution across teams becomes that little bit fairer. If it’s not obvious, I have a personal fascination with the behind-the-scenes finances of organizations. And here comes the segue: I’m always interested to read about the finances of personal finance firms too. They’re supposed to be helping people save and make money, but they also have concerns themselves. Today’s premium article focuses on investment platform Syfe’s latest numbers. It’s an interesting one, almost as fascinating as the NBA’s salary cap. -- Winston  ---------------------------------------------------------------  THE BIG STORY [Syfe’s revenue soars over 140% in FYE 2023, even as adjusted loss widens]( The Singapore-based investment platform laid off around 10% of its workforce in February 2023 for greater efficiency. --------------------------------------------------------------- TRENDING NEWS [East Ventures co-launches emissions calculator for Indonesian companies]( In launching Ecovisea, the VC firm partners Kadin – the Indonesian chamber of commerce and industry – as well as research firm WRI Indonesia. [Lazada alum’s D2C home appliance brand tripled sales, hit profitability in 2023]( Led by former Lazada Thailand CEO Jack Zhang, Simplus sells items like air fryers and hair dryers across six Southeast Asian countries. ---------------------------------------------------------------  SAIGON SUMMIT 2024: CHARTING VIETNAM’S TECH FUTURE Special Lunar New Year ticket discounts! Everyone could use a personal survival kit to get through the busy Lunar New Year holidays - take a peek at our suggestions. While you're at it, why not grab a limited-time 18% ticket discount for our first ever Saigon Summit, held in Ho Chi Minh City on May 30? Look forward to learning opportunities and engaging networking conversations that’ll blow the water out of any small talk you’re forced to make during the holidays. You have until Feb 14 to enjoy this savings - [click here]( to get on it now! ---------------------------------------------------------------  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. ---------------------------------------------------------------  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. - Antler - [Antler Leads $5.1M Pre-Seed Funding for 37 Startups in SEA; Targets Investments in Verticalized AI and Industry 4.0]( This marks the highest number of pre-seed deals in a single round in the region ---------------------------------------------------------------  CONFERENCE LINEUP Check out Tech in Asia’s other signature events lineup for 2024 [here](. - [Product Development Conference (June 2024)]( Gain insights from industry leaders, explore current trends, and learn best practices at our Product Development Conference in mid-2024. Sign up as early as now to get special rates for this two-day event in Jakarta. - [Tech in Asia Conference Kuala Lumpur 2024 (July 2024)]( For the first time ever, Tech in Asia Conference is coming to Kuala Lumpur! Join us in July as tech enthusiasts and industry experts across Southeast Asia get together for the region’s largest tech gathering. ---------------------------------------------------------------  WHO'S HIRING You can post a job [here]( or search for jobs [here](. - [Channel Admin Ops]( at Hangry Jakarta, Indonesia - [Financial Controller / Head of Finance]( at StyleDoubler Jakarta, Indonesia - [Manager, Strategy & Partnerships - International Markets]( at PostCo Kuala Lumpur, Malaysia - [Startup Founder]( at Antler Ho Chi Minh City, Vietnam - [Business Intelligence]( at Scout.inc Jakarta, Indonesia - [Site Reliability Engineer]( at Reku 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. 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