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Mind your emotions: why emotional agility is the key to personal growth

By skipping past the difficulties our emotions can bring, we miss important opportunities to grow

What do scorn, hate, anxiety, shame, and regret have in common?

According to David Hawkins, they may be killing us.

It’s no secret that our emotions can play a significant role in our mental and physical health. But Hawkins, a psychiatrist and lecturer, theorises that what we feel daily is a matter of life and death — at least on the cellular level.

Hawkins’ theory is based on his recent finding that all emotions have a specific amount of energy. While Hawkins believes lower-energy emotions like anxiety and shame contribute to cell death, more positive states of mind like peace, joy, love, and reason can actually make us healthier.

Powerful as our emotions may be, here’s the good news: we’re not victims of the feelings that negatively affect our lives. Research on neuroplasticity demonstrates that the human brain is more than capable of reorganising itself.

But where do we start? How do we gain control of our emotions — and even leverage them to be stronger leaders and creatives?

Learning how to manage our emotions begins with a basic understanding of the brain.

The science of our emotions

Our brains are made up of two primary structures.

The limbic system controls our emotions and behavioural responses, triggering a sympathetic nervous system response when we’re under stress. This is part of the fight-or-flight reaction, the brain’s instinctive, physiological way of protecting us when it senses we’re in danger.

Have you ever felt nervous before a big presentation? You have the limbic system to thank for your sweaty palms and stomach butterflies. Ever been cut off by a reckless driver on the interstate? Your cheeks grow hot, and your heart begins to race because your limbic system senses a threat. In short, the limbic system helps us survive.

The prefrontal cortex, on the other hand, is far more evolved. If someone’s ever told you to “use your head,” they’re probably referring to the prefrontal cortex, the conscious part of the brain that allows us to reason, delay gratification, and experience the meaning beneath our emotions.

While the limbic system is responsible for keeping us alive, problems can arise when it’s in the driver’s seat for too long:

“When people are in the grip of fear, anxiety or depression, they are unable to make realistic assessments of situations,” writes Dave Gray, an author and visual thinking coach. “The prefrontal cortex goes ‘offline’. Creative thinking and innovation, indeed, all higher-level brain functions, are stifled”

So, how do we find mental balance?

If the limbic system is the brain’s accelerator, the prefrontal cortex is like the brakes — helping us slow down, assess the situation, and respond to our emotions appropriately.

Learning how to hit the brakes is the premise of emotional regulation, or the ability to control how we respond to our feelings — and an important step toward our personal growth and wellbeing.

The art of emotional agility

No one is born with the ability to self-regulate. We see this with babies who can’t fall asleep without being rocked, and toddler meltdowns in the grocery store checkout line. Children communicate through emotions.

By the time we’re school-aged, most of us have learned how to temper our emotional responses to difficult situations, whether through positive thinking or distraction.

We learn that we can control our emotions, and they don’t control us — a critical facet of our wellbeing. In fact, emotional regulation is a vital part of maturing socially and an important pillar of mental health.

But there’s a difference between merely moving past our emotions and actually managing them. While emotional regulation focuses on preventing a negative response, emotional management can help us leverage emotions for personal and professional growth.

Harvard Medical School professor and psychologist Susan David calls the practice of managing our emotions by mindfully engaging with them “emotional agility:”

“Whereas positive thinking and avoidance have overemphasised the role of our thoughts, emotional agility is a skill set that builds on our ability to face our emotions, label them, understand them and then choose to move forward deliberately,” David writes.

“It is the ability to recognise when you’re feeling stressed, be able to step out of your stress, and then decide how to act in a way that is congruent with your values aligned with your goals.”

If emotional regulation is a science, then emotional agility is an art.

With the ability to strategically embrace and harness our emotions, we can grow in our creative, communication, and leadership abilities. As a social scientist and author Joseph Grenny writes:

“The ability to recognise, own, and shape your own emotions is the master skill for deepening intimacy with loved ones, magnifying influence in the workplace, and amplifying our ability to turn ideas into results.”

How to practice emotional agility

1. Don’t hide from your emotions

Building a startup is inherently emotional.

Between the occasional disappointment of slow growth, the frustration of a bug in our software, or even simple office miscommunications, my tendency is often to move on, with a smile on my face. There are bigger things to worry about, and I want my team to see me as positive and resilient.

Isn’t that what good leaders do?

While staying calm in the face of adversity is part of managing a team, it’s not necessarily the best way to manage emotions. In fact, evidence shows I may be doing myself a disservice by wearing a grin when my pulse is speeding beneath the surface.

Burying emotions has an equally risky impact: When we avoid or numb how we feel, our emotions often come back magnified. One study shows that smokers who actively tried not to think about cigarettes ended up dreaming about cigarettes, which led them to smoke more.

Also Read: The power of storytelling: how to engage your audience

Numbering our emotions can negatively affect our behaviour, but more importantly, it can also limit our potential. To become truly resilient, we first have to experience our emotions. We have to allow ourselves to feel difficult things and experience life’s trials in order to grow stronger and wiser.

While it’s tempting to escape uncomfortable emotions by quickly moving on, distracting ourselves, or faking positivity, choosing to dig in and feel them can strengthen and stretch us:

“Unless we can process, navigate and be comfortable with the full range of our emotions, we won’t learn to be resilient,” writes David. “We must have some practice dealing with those emotions or we will be caught off guard. I believe the strong cultural focus on happiness and thinking positively is actually making us less resilient.”

Hiding from our emotions also disconnects us from ourselves. Difficult feelings mirror what we care about most in life, because “emotions like sadness, guilt, grief and anger are beacons for our values,” says David. For example, if you feel frustrated when a colleague arrives late for a meeting, you probably value respect and punctuality.

2. Tell a new story

While moving on to the next meeting or email during a moment of anger or disappointment seems like the simpler response, it can be more beneficial to reframe how we feel — to challenge the story our emotions are telling us.

When we view our emotions as “negative,” an escape attempt is inevitably around the corner. But reframing how we feel helps us to challenge and take ownership of our emotions

Beneath the surface of every feeling is a story. Think about it: in the face of a harsh and uninvited critique, you’re probably frustrated by your co-worker’s lack of tact, but look deeper, and you’re probably threatened by his comments because you wonder if you actually are incompetent.

Often, these stories represent core beliefs that took root much earlier in life.

To manage the emotions that surface in the heat of the moment, Joseph Grenny recommends exploring your “primal story.” For example, if you feel ashamed when a colleague criticises you, try to trace back the origin feeling or experience.

When was the first time you felt ashamed of yourself?

Also Read: Building up customer loyalty with emotional branding

As long as we believe these “primal stories” to be true, Grenny says we’re doomed to be victims of our emotions, which leaves us feeling out of control.

But understanding your origin story is the first step to challenging the emotion that comes from it:

“I’ve become aware of the primal origin of the stories I tell — and learned to challenge the perception that my safety and worth are at risk in these moments,” writes Grenny.

3. Build your emotional vocabulary

Managing our emotions also means simply identifying them. A big emotion without a name can feel overwhelming and unending. But naming our emotions empowers us to be realistic about their impact and find a solution.

Psychologist Lisa Feldman Barrett says misinterpreting our emotions can cause us to respond inappropriately — and that’s easy to do since many emotional sensations feel similar.

Rather than describing yourself as sad, which feels vague, try labelling your emotion as “dejected” or “disappointed.”

Feldman Barrett refers to this specificity as “emotional granularity,” which can help us more deeply understand our circumstances, or reframe negative emotions to feel less threatening. For example, realising that you’re disappointed by an investor’s reaction to your presentation probably feels more manageable than a vague sense of sadness.

Hitting the brakes to accelerate growth

Reframing and naming emotions may not be an escape route for everything we feel, but that’s not the goal in the first place.

Emotional agility aims to manage, and even leverage, emotions to move forward in our work and our relationships. Because when we can hit the brakes on the emotions that hold us back, we can begin to accelerate toward the things we want the most.

Editor’s note: e27 publishes relevant guest contributions from the community. Share your honest opinions and expert knowledge by submitting your content here.

Join our e27 Telegram group here, or our e27 contributor Facebook page here.

Image Credit: Andreas Weiland

Originally published on JotForm.com

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Indonesia’s fifth unicorn startup is OVO

Finance Asia stated that the valuation of OVO has reached US$2.9 billion or more than IDR40 trillion

OVO_BudiKusmiantoro_NewCtO_Indonesia

Earlier this year, former OVO Director Johnny Widodo (now CEO of BeliMobilGue) stated in an interview with CNBC Indonesia that the digital payments platform has become one of the startups with more than US$1 billion valuations –a title commonly known as a unicorn. The narrative seemed to get toned down a bit as Indonesia continued to be known to have four unicorn startups: gojek, Tokopedia, Traveloka, and Bukalapak.

However, Finance Asia in its report last week cited a source that claimed OVO to have reached unicorn status through its latest funding round at US$2.9 billion valuations. A number that might have become obsolete today.

Commenting on the report, our source at OVO did not deny that the company –which has Lippo Group, Tokyo Century Corp, Grab, and Tokopedia– has reached unicorn status.

Also Read: Grab reportedly wants to merge OVO with Ant Financial’s DANA. What does it mean for the rest of us?

The 2018 Startup Report that DSResearch team has launched placed OVO as one of the candidates for unicorn status, amongst startups with more than US$100 million valuations.

Leading the Indonesian digital payments sphere with GoPay, it is obvious that the company is facilitating a massive amount of cash transactions in its platform, which might reach trillions of Rupiah each year. The fact that OVO has been chosen to become a primary online payments option on Tokopedia has helped push the average usage of the platform for each user.

Last week, a report has also circulated about the potential acquisition and merger between OVO and Dana, as part of the effort to defeat the domination of gojek in Indonesian digital payments sphere.

Certainly, having a unicorn status does not mean that it is the end of the road for a startup. Report of a recent layoff at Bukalapak, as part of its effort to balance between growth and profitability, proves that it is never as easy as it seems.

The article Startup Unicorn Kelima Indonesia Memang adalah Ovo was written by Amir Karimuddin in Bahasa Indonesia for DailySocial. English translation and editing by e27.

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Real estate platform 99.co appoints two tech veterans for executive positions

Rajesh Grover will be Managing Director for 99.co Indonesia, and Vivek Kumar will be new Head of Product

Real estate platform based in Southeast Asia, 99.co, just announced the appointment of two executive hires of the position of Managing Director and Head of Products.

Rahesh Grover, who previously co-founded Lamudi and managed the company’s profitable market of Sri Lanka and Bangladeshi, has been appointed Managing Director of Indonesia-based 99.co.

Vivek Kumar, who takes the role of Head of Product in 99.co, used to lead one of the two product teams at MagicBricks, and was a product leader from Amazon and Snapdeal.

In 99.co’s official statement, the company noted that the new hires will help shape the trajectory of 99.co within the real estate classifieds market.

According to Darius Cheung, 99.co CEO and co-founder, both new additions have extensive experience within proptech and will form a part of 99.co’s move towards a young, entrepreneurial team, purpose-built plans.

Also Read: 99.co completes US$15.2M Series B funding round, reveals expansion plan

“The traditional classifieds portal model is a sunset business. Innovation within classifieds is not just about improving features step-incrementally but developing a new and futuristic model,” added Cheung.

Grover will be responsible for driving profitability of Indonesia operations while growing the business, while Rajesh will be responsible for managing a team across three countries; US, China, and Singapore to deliver seven commercial products for Asia Pacific, European, and Latin American markets.

Just last month, 99.co announced that it has raised a US$15.2M Series B round led by MindWorks Venture and Allianz X, with participation from existing investors East Ventures, Sequoia (India), and Eduardo Saverin.​

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Today’s top tech news, Sept 17: WeWork expected to postpone IPO

In addition to WeWork, we also have updates from Bitcoin Co, Binance, and Terafunding

WeWork expected to postpone IPO – The Wall Street Journal

The We Company, the parent company behind US-based office-sharing startup WeWork, is expected to postpone its IPO following concerns about its corporate governance and company valuation, The Wall Street Journal reported.

Citing people familiar with the matter, the report detailed that the company was supposed to begin a roadshow to market the shares on Monday, ahead of its trading debut next week. But the IPO is likely to be shelved until “at least next month.”

The decision reflects the difficulty that the company and its co-founder and CEO Adam Neumann have been facing, even after “dramatically” slicing its valuation and revamping its governance.

Confusion ensues Bitcoin Co’s shutdown – Bangkok Post

Confusion amongst cryptocurrency users and enthusiasts ensues after Bitcoin Co, which is said to be Thailand’s largest digital asset exchange, announced its shutdown on September 2, Bangkok Post reported.

Bitcoin Co said that it plans to cease operations at the end of September to “focus on other business opportunities.” In addition to igniting price slump for digital assets traded on the exchange, the announcement also led to speculation over the real reason of the shutdown.

“The company will not seek to hold a Securities and Exchange Commission [SEC] licence for digital asset exchanges for 2020, and we ask all customers to withdraw their funds before November 1, 2019,” the company announced.

It also stated that after November 1, the company will operate its bx.in.th as a platform to contact about outstanding issues. All deposits will also be disabled after September 6.

Also Read: What WeWork has taught me about people

South Korean P2P lending platform Terafunding raises US$18M in Series B – Press Release

Terafunding, South Korean real-estate-focussed P2P lending platform, announced the completion of a US$18 million Series B in August.

In a press statement, the company said that the funding round included investors such as KB Investment, Hana Ventures, and IBK Industrial Bank. It included the participation of Woomi Construction as a strategic investor.

The company has been focusing on providing reasonable financing solutions for local developers who have limited access to development loans from the financial institutions, forcing them to rely on private financing with high-interest rates that are often over 30 per cent per annum.

Terafunding plans to focus on acquiring talent from the real estate, finance, and IT sectors while working to accelerate its advancement on project screening systems and risk management processes.

Indian logistics tech startup Blowhorn raises funding from Venture Catalysts, others – Press Release

Catbus Infolabs Pvt. Ltd, the Bangalore-headquartered intra-city tech-logistics company that operates the Blowhorn platform, today announced that it has raised an undisclosed funding round led by a “prominent” undisclosed investor.

It included the participation from existing investors Chiratae Ventures and Dell Foundation as well as new investors that include Venture Catalysts, James Lee Sorenson, and Japanese VC firm Dream Incubator.

The startup aims to connect logistics service users to mini-truck drivers through a website and a mobile app.

It claimed to have grown its revenue over 500 per cent since its previous Series A funding round while enhancing its industry-leading margin. It also claimed to have expanded to over 30 cities and now has over 25,000 driver partners on its platform.

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SOSV, 500 Startups invest US$2.55M seed round in deep tech startup SEPPURE

The Singapore-based startup will use the funding to ramp up the production of chemical-resistant nanofilters and run pilots with potential customers across multiple industries

SEPPURE, the Singapore-based separation-tech startup, announces that it has closed a US$2.55 million (SG$3.54 million) seed round led by SOSV, a US-based hardware investor. Other participating investors include Entrepreneur First (EF), 500 Startups, SGInnovate, Koh Boon Hwee (Chairman of Nanyang Technological University (NTU) Board of Trustees, Credence Partners, Yeo Hiap Seng, and Far East Orchard), Rekanext, Belmond Capital, and several other prominent investors.

The company said that it will use the seed funding to increase the production of chemical-resistant nanofilters. It will also run industrial-scale pilots with potential customers across multiple industries.

SEPPURE creates sustainable nanofiltration solutions to separate chemical mixtures at a molecular level with minimal energy use. Most of the current separation technologies such as evaporation and distillation, use heat for chemical separation.

These thermal processes use up to 15 per cent of the world’s energy, and. SEPPURE’s technology eliminates the need for heat, curbing the reliance on one of the most energy-intensive and polluting processes on the planet.

SEPPURE was founded in 2018, inspired by Dr. Mohammad Farahani’s Ph.D. program at the National University of Singapore (NUS) four years ago. With the help of a grant from the National Research Foundation of Singapore (NRF), Dr. Farahani and Professor Neal Tai-Shung Chung, who is now the acting technical advisor of SEPPURE and Provost’s Chair Professor at NUS, developed the core technology to separate chemicals sustainably.

Also Read: These 6 deep tech startups are set to compete for expansion opportunity in Suzhou

SEPPURE’s technology can be utilised across multiple markets including food, pharmaceuticals, petrochemicals, and oil & gas.

Duncan Turner, General Partner at SOSV and Managing Director at HAX program in Shenzhen, who led the round, said: “With SOSV focussing on early-stage deep-tech investments for the industrial and healthcare space as well as software-based investments across Southeast Asia, SEPPURE becomes a revolutionary portfolio in an often overlooked area, promises incredible impact in energy-saving through hardware-enabled material science.”

Alice Bentinck, co-founder, and CPO of Entrepreneur First, also commented on the investment: “Farahani and Amir are not only two exceptionally talented individuals but with their combined technical and academic experience in the area, we believe that there is simply no other team in the world more qualified to build a nanofiltration company like SEPPURE.”

The startup has previously won the President’s Innovation Challenge Award 2019 held at Tsinghua University by X-LAB.

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Expat life: where to work if you want a career in FinTech ?

If you’re looking for your next big career move, here are the best places to work and live as a FinTech expat

 

There are so many reasons to get a job in FinTech. With excellent job availability, ample funding, high salaries and plenty of workplace perks, FinTech careers can be advantageous. With large numbers of startups surfacing each year in top cities worldwide, employees can benefit from being immersed in different startup cultures while exploring amazing new places. 

The FinTech industry is one of the most vibrant spaces to work in right now. And it’s the perfect transition for those who are already working in traditional finance, or for experts in other technology sectors.

Silicon Valley

Home to Apple, Facebook, Netflix and many other tech giants, it makes sense that Silicon Valley is the place to be to begin your career in FinTech.

New financial startups are popping up all the time in San Francisco, and salaries are at an all-time high in this corner of the industry. This is the place where a six-figure household salary would be considered as ‘low income’, and where competitive packages far outweigh the high cost of living (something that can’t be said of other expensive cities).

Also Read: What Singapore can learn from Silicon Valley

As an expat in San Francisco, you will have so much to see and do at weekends. Just an hour away from the Napa Valley wine trail, and home to some of the most incredible gastronomy, your time here will be filled with fun, luxury and entertainment. 

London 

According to Tech Nation, there are more than 300,000 tech jobs in the UK capital. There are over 7,500 startup births, with 20% of all FinTech companies being ‘high growth’ firms, and over £56 billion in digital tech turnover. The average advertised annual salary is £61,803, and there are some great workspaces and amazing places to socialise. 

When it comes to being successful, this is the city to spur you on. Whether you’re an entrepreneur or looking for a job in a startup, you’ll be utterly inspired. London is home to 14 of the 47 ‘unicorn’ status companies in Europe, double the number of the next closest country.

China (Beijing or Shanghai)

China’s FinTech scene is another level when it comes to the size and power of its leading companies. Globally-recognised organisations like Beijing crypto-mining giant, Bitmain, is already one of the most successful startups in the world. It has already reached ‘unicorn’ status and is set to achieve ‘decacorn’ status (valued at US$10 billion or more) in just over five years. 

Also Read: How to start a business in China as a foreigner

In Shanghai, the online finance marketplace, Lufax (Lu.com) is headquartered there and is predicted to reach its ‘decacorn’ status in around four years’ time. 

Singapore 

Outside of China’s top cities, Singapore is perhaps the biggest and most important FinTech hub for expat workers in Asia. The city-state has invested over US$453 million in the first half of 2019 into developing and growing the industry, and there’s excellent job availability for those who are willing to move and start a new life here.

And with so many benefits of being an expat in Singapore, you’ll probably never want to leave.

Besides the amazing food, Singapore is a very clean and well-maintained place, with outstanding transport links, very low crime, political stability and zero corruption, and plenty of things to see and do at any time of day/night.

Editor’s note: e27 publishes relevant guest contributions from the community. Share your honest opinions and expert knowledge by submitting your content here.

Join our e27 Telegram group here, or our e27 contributor Facebook page here.

Image Credit: Nigel Tadyanehondo

 

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E-sports, content creator marketplace yup.gg launches platform to connect brands with audiences

Singapore-based startup yup.gg launches its platform with 2,000 content creators, followed by 50 million fans

Left to Right: Tim Zhu, Raiford C. Cockfield III, and Nicholas Khoo

yup.gg, a Singapore-based e-sports and content creator marketplace, announced the launch of its platform, bringing 2,000 content creators with 50 million fans collectively.

The platform seeks to help brands access marketing opportunities in the games and e-sports industry. The company further noted that the yup.gg platform provides end-to-end campaign management tools to aid brands in planning, executing, measuring, and optimising marketing activity.

With that being said, video game IP owners, agencies, e-sports players/teams, and content creators can access new monetisation opportunities, organisational tools, and a network to connect and learn from their peers.

yup.gg mentioned that the launch of the platform is a way to address the US$77 billion games market in Asia Pacific and Latin America.

yup.gg is founded by Raiford C. Cockfield III, a former Head of APAC – Twitch, an Amazon Company; Nicholas Khoo, who brought 14 years of e-sports experience; and Tim Zhu, a former Head of Supply Chain Engineering – Applied Materials.

Also Read: Is becoming an eSports athlete a good career choice?

yup.gg has entered into several non-exclusive partnerships with companies such as Branded, Globe Telecom, and other regional partners. Some agencies, e-sports teams, and content creators based in Southeast Asia and Brazil have also signed up to monetise their offering through yup.gg.

“We aim is to create a home for passionate e-sports and game-loving content creators to find monetisation opportunities and feel safe and informed in the decisions they make to grow their careers. All this while helping brands discover and work with creators most effectively and efficiently possible,” said Cockfield.

yup.gg said it recently completed its seed round, led by Kickstart Ventures and global e-sports industry executives, including former Twitch founding team member and executive Jonathan Shipman.

It is recently incubated at Infocomm Media Development Authority’s (IMDA) PIXEL innovation space in Singapore.

Image Credit: yup.gg

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Former Lazada technology VP joins Carousell as CTO

Carousell continues the string of high profile hires with a new CTOworking in office e27

Fast-growing classifieds Carousell appointed Igor Volynskiy as CTO.

Taking over from Lucas Ngoo, Carousell’s co-founder who had been serving as CTO to date, Volynskiy will be responsible for developing Carousell’s technology capabilities, including engineering, data science, and analytics, product and design. Volynskiy will oversee all technology-related functions in Carousell and will report to co-founder and CEO, Siu Rui Quek.

Formerly, Volynskiy was Technology VP at Lazada and VP of Operations and Marketplace Technology at RedMart. He has over 20 years of experience in leading cross-functional organisations of software engineers, product managers, data scientists and industrial engineers to drive business results.

Also Read: Carousell raises US$56 million at valuation of US$550 million

Ngoo said, “With Igor joining us as CTO, we’re looking forward to leveraging his leadership experience within the rapidly evolving e-commerce space and extensive understanding of technology infrastructure, to build a world-class product and engineering team to accelerate our growth and monetisation efforts.”

Volynskiy’s appointment follows a string of high profile hires  Carousell made in 2019, including VP of Operations Su Lin Tan, Chief Commercial Officer Lewis Ng and Managing Director of Ads JJ Eastwood.

A part of the company’s ongoing investment in deep technology capabilities and AI, Carousell has rolled out several product updates that aim to create personalised and intuitive experiences to help users buy and sell with ease. They rolled out an object identification feature, where an image taken for a listing is automatically provided with recommendations for the object’s name, product categories, and optimal selling price.

Image credit: Photo by Room on Unsplash

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Surabaya-based PinjamWinWin secures funding from SOSV MOX, aimed to help finance unbanked Indonesian

Peer-to-peer (P2P) lending fintech company PinjamWinWin is based in the second-largest city in Indonesia

PinjamWinWin, a P2P lending fintech company based in Surabaya, Indonesia, announces that it has raised funding from SOSV, a top 20 US venture capital fund, according to PitchBook. The number of investment made is undisclosed.

With the funding, PinjamWinWin said it will continue providing around 185 million unbanked Indonesians with insurance-backed loans. The investment from SOSV will enable the company to scale its operations and work towards financial inclusion in Indonesia.

“The investment from SOSV will accelerate our growth and help us focus on gathering more lender funds with a special interest in institutional funds. These funds would be the ammunition used to further dominate the US$60 billion P2P lending market opportunity in Indonesia,” shares James Susanto, founder and CEO of PinjamWinWin.

PinjamWinWin is a fintech P2P lending company founded in 2015 by James Susanto, banking, mining, and trading veteran and an alumnus of the University of New South Wales, Australia.

Its mobile app connects lenders and borrowers through its mobile app, offers a less than a day processing time with no collateral and great interest rates. The company claimed that the platform has been able to deliver short-term loans for small and medium-sized businesses.

Also Read: Meet the 10 Indonesian fintech startups you may have never rooted for before

PinjamWinWin recently graduated from SOSV’s Mobile Only Accelerator (MOX), an accelerator program that focusses on emerging markets such as Southeast Asia and South Asia.

MOX—which is operated by SOSV, a top 20 US VC fund (PitchBook)—has long been active in Indonesia’s startup ecosystem. The accelerator’s portfolio includes Achiko, a fintech provider for the unbanked, and ELSA, which raised funding from Google’s Gradient Ventures and recently announced its expansion into Indonesia.

PinjamWinWin finances personal loans of US$35-350 and invoice financing of US$3500-150.000. Through the platform, users also have the option of placing their funds and becoming lenders to enjoy a fixed annual interest of 12-48 per cent.

Recently, PinjamWinWin signed an insurance deal with an insurance company in Indonesia, making any funds placed guaranteed and secure.

Also Read: Meet 10 new startups graduated from SOSV’s MOX programme in Taiwan

“Indonesia is still lacing a credit rating infrastructure. Farmers couldn’t get enough financing and middlemen would buy for low and sell for high. I witnessed all this firsthand and wanted to find a solution,” Susanto added.

PinjamWinWin claims that it has successfully disbursed over US$9 million in loans.

Image Credit: PinjamWinWin

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Today’s top tech news, Sept 16: Indonesian e-wallet LinkAja to release sharia-based service

In addition to LinkAja, we also have updates from Lee Fixel, AttainU, and Roots Venture

Indonesian e-wallet platform LinkAja to release sharia-based service – DailySocial

Indonesian e-wallet platform LinkAja (formerly known as TCASH) announced that it is ready to launch a sharia-based service in November, DailySocial wrote.

The announcement was made following the awarding of sharia-compliance certificate by the national sharia council of the country’s ulema council (DSN MUI).

With the certificate, LinkAja plans to start processing e-money license application to the central bank. This process may take 40 working days.

The company also announced that it has formed a sharia monitoring council as part of the requirement to run a sharia-based business.

Tiger Global’s Lee Fixel to launch US$1B new fund – Deal Street Asia

Former Tiger Global executive Lee Fixel is set to launch a new US$1 billion fund called Addition, Deal Street Asia reported.

Citing three anonymous sources, the report stated that the fund will be launched “as early as next month” and will be launched “as soon as a non-compete agreement with his former employer expires.”

The investor plans to actively look at startups in India and Southeast Asia.

As the head of Tiger Global’s private equity business, Fixel led the firm’s investment in Flipkart, which was later acquired by Walmart.

Also Read: Indonesia’s state-owned lender BNI to set up a US$50M VC arm, to invest in LinkAja

Indian edutech startup AttainU raises angel funding round – Press Release

Bangalore-based edutech startup AttainU today announced a funding round from investors that include Shailesh Rao (ex-Google India Head), Nikhil Rungta (ex-Intuit India Head), Anil Gelra (Founder of SnapMint) and Manish Kumar (Founder of KredX and LetsVenture).

Founded by Divyam Goel and Vaibhav Bajpai in 2018, AttainU currently offers full-time, online seven-month-long software engineering courses for users looking to get into software engineering careers. It also provides career counselling as part of their student assessment process and connects graduates to industry partners for placement upon completion of the course

The company plans to use the funding to further strengthen faculty, development of courses, counselling teams, and build a semi-automated platform to cater to the huge inbound student demand they claimed to be receiving.

Roots Ventures invests in health food company Kaarya Naturals – Press Release

Multi-stage and sector-agnostic investment firm Roots Ventures today announced an undisclosed investment into Kaarya Naturals, a Mumbai-based health food company.

Founded by Kajal Bhatia, who is said to be India’s first certified whole food nutritionist and a diabetes educator, the company currently retails its range of protein and health bars under the brand eighty20.

It plans to expand its range of healthy snacks.

“We are what I call a snacking nation, but at the same time, we are increasingly witnessing a trend of eating healthy without compromising on taste. Consumers are focusing on nutrition and additionally, vegetarians looking for ways to overcome protein deficiency in their traditional diet. We are excited to be partnering with Kajal who brings her significant experience in health and nutrition to launch great tasting and healthy snacks, their association with TJUK will provide the company, ability to reach a wider audience in a short period of time,” Japan Vyas, Managing Partner of Roots Ventures, commented on the investment.

Image Credit: LinkAja

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