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.