Hi fintech friends, Osborne here!

Please enjoy all the news and updates from the past week in today’s edition. If you feel TWIF brings you value, please share it with your friends (and maybe suggest they subscribe too).

Don’t forget to share with fellow fintech friends!

🐦🏆 Tweets of the Week

🇮🇳 India

📰 Market Updates

1. Central Banks of India and France announced linking its real time payments networks.
2. Total funding raised by fintech startups in June is reportedly $190mm.
3. CredAble partnered with SuperTron to distribute financial products to small businesses.
4. NeoGrowth crossed $46.3mm in revenue in FY23.
5. GetVantage reportedly disbursed $37mm in loans via revenue based finance since inception.

🚀 Product Launches

1. Arzoo, a retailer marketplace, launched Arzoo Pro Finance, a fintech arm.
2. Flipkart partnered with Axis Bank to launched personal loans for its customers.
3. Razorpay launched its payment gateway business in Malaysia.

💰 Financing Announcements

1. OneStack, a SaaS platform for small banks, raised $2mm.

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🌏 Asia

📰 Market Updates

1. PayPay, a Japanese payments company owned by SoftBank, is considering a US listing.
2. ReePay, a Vietnamese BNPL startup, is reportedly up for sale.
3. Data from Chinese exchanges showed it accepted 330 new applications for IPO's in the first six months of 2023, down from more than 500 in the same period last year.
4. UnionPay International and the National Bank of Cambodia signed an MoU to collaborate on QR payments.
5. DTCPay, a Singaporean payments processor, is launching its operations in Hong Kong.

💰 Financing Announcements

1. OrderFaz, a social commerce fintech startup, raised an undisclosed amount.

ACQUISITION

1. DBS sold 77.8% stake in AXS, a digital payments and collections network, to Tower Capital Asia, a PE fund.

🌏 International

Please find our global coverage and consider subscribing.

• US and Global, written by Nik Milanovic.
• Europe and UK, written by Michael Jenkins.
• Latin America, written by Christine Chang.
• Africa, written by Emeka Ajene.
• China written by Ning Ye.
• Policy written by Mohammad Hamdy.

And of course, our podcast series - Beyond Two Percent and Hey Fintech Friends.

If you’ve made it this far - thanks! As always, you can always reach me at osborne@thisweekinfintech.com. I’d genuinely appreciate any and all feedback. If you liked what you read, please consider sharing or subscribing.

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