Indonesia Digest: Datasaur raises $1m; Modalku forges pact with Shopee

Modalku focuses on financing for smaller businesses. Photo by Bernard Hermant on Unsplash

Indonesia-based Datasaur has raised $1 million from Silicon Valley angel investors, while Jakarta-based P2P lender Modalku has collaborated with Shopee to provide capital to MSMEs.

Indonesia’s Datasaur raises $1m from angel investors

Datasaur, an AI-driven text-data labeling platform, has raised $1 million in a seed round from angel investors, according to Venture Beat.

Established in 2019, Datasaur provides tools for organizing and labeling data. It also secured investment from GDP Ventures and Y Combinator.

The startup, founded by a former Yahoo senior product manager Ivan Lee, will use the proceeds to strengthen the platform capability, minimise the bias in text-labelling, and increase privacy and data security, according to DailySocial.

The startup has teams in California and Indonesia.

Indonesian P2P lender Modalku ties up with Shopee  

P2P lending firm Modalku has partnered with Southeast Asia’s e-commerce firm Shopee to offer lending solutions to MSMEs on the latter’s platform, the company said in a statement.

The loan provided by Modalku aims to push the growth for MSMEs sales on Shopee’s platform as small businesses often face lack of access to capital and hence constrained to restock their products and goods.

Sellers on the Shopee platform are able to secure capital from Rp 5 million ($351) to Rp 250 million ($17,549) at affordable interest rates.

By the end of February, thousands of sellers on Shopee have used Modalku’s loan service. As of last month, Modalku has disbursed Rp 12 trillion capital to MSMEs, it said.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.