It's go time for Tyme Group

More: Midjourney hires a new head of hardware and River raises a US$40 million round. [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: - Tyme Group’s [path to victory]( - Cred’s acquisition of wealth management firm Kuvera - Other newsy highlights such as Midjourney’s new head of hardware and River’s US$40 million series B round. --------------------------------------------------------------- Hello {NAME} About a decade ago, I watched this film called [In Time]( starring Justin Timberlake and Amanda Seyfried. The premise of the movie was really interesting because it’s set in a world where after a person reaches 25 years old, the duration they have left to live becomes commoditized. That means that your remaining time can be bought, sold, or traded. Naturally, wealthier people could live much longer, possibly up to hundreds of years or even forever. Meanwhile, the less fortunate had to do whatever they could to survive just one more day. While the film wasn’t executed that well, I’ve always thought that the concept was a good way to try and discuss class differences, just with much higher stakes. One of the main plot points in the film was how it was clear that the time-rich of that society were oppressing the lower class, and that they had implemented systems to keep things that way. How is this related to today’s story? It was all in the name, so don’t feel too disappointed thinking there was a startup that could commoditize time. Rather, the digital bank in question, TymeBank, has a name that’s relevant to the movie’s plot, and that’s how I got thinking about it. Let’s take a look at how it’s faring in the Philippines and Vietnam. -- Jonathan  ---------------------------------------------------------------  THE BIG STORY [Tyme Group’s gameplan for winning digibank race in Philippines and Vietnam]( The banking group’s Philippine arm aims to turn profitable by October 2025, tapping on Gokongwei Group’s retail network to onboard customers. --------------------------------------------------------------- TRENDING NEWS [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. [The power of three: the art of making hard decisions]( Making hard decisions is, in a word, hard. This is how one VC makes his, guided by the power of three. ---------------------------------------------------------------  VISUAL STORY OF THE DAY [Southeast Asia tech ecosystem report]( All you need to know about Southeast Asia’s startup scene in five minutes. ---------------------------------------------------------------  EVENTS HAPPENING You can also check out a curated list of trending tech events [over here](. - [Saigon Summit 2024: Charting Vietnam’s Tech Future on May 30]( Connect with over 700 regional tech talents at Saigon Summit 2024, Tech in Asia’s largest-ever event in Vietnam. The summit offers an unparalleled fusion of cultural immersion, expert learning, and bespoke networking opportunities, all aimed at nurturing the undeniable potential of Southeast Asia’s next tech hotspot. Grab your tickets before February 25 to save a whopping 60% with our [early bird special]( - while stocks last! ---------------------------------------------------------------  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](. - [Content Administrator Intern]( at Female Daily Network Jakarta, Indonesia - [Business Development & Community Lead]( at Innovation Factory Jakarta, Indonesia - [Manager, Strategy & Partnerships - International Markets]( at PostCo Kuala Lumpur, Malaysia - [Videographer]( at PT Allo Bank Indonesia Tbk Jakarta, Indonesia - [Management Trainee]( at Scout.inc Denpasar, Bali, Indonesia - [QA Automation (Not QA Manual)]( at SIGMATECH 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. 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