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The the largest fintech community in the world. Subscribe to our newsletter to stay up to date on the latest in news opinions, and all things financial technology.

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Kredivo raised $270mm and Kreditbee launched cardless installment payments | 25th March, 2023

Kredivo raised $270mm and Kreditbee launched cardless installment payments | 25th March, 2023

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. SaveIN, a healthcare financing startup, plans to partner with 15,000 channel partners.
  2. FACE (Fintech Association of Consumer Empowerment) released a report showing that digital loan volumes grew by 147% and total loan value grew by 118% in Q3 of fiscal 2023 (QoQ).
  3. Airtel Payments Bank expects to close FY23 (ended March, 2023) with INR 1,300 cr ($158mm) in revenue (+40% YoY).
  4. The Enforcement Directorate filed a charge sheet against Razorpay and other NBFCs in connection with the Chinese loan app case.
  5. Mobikwik cofounder stated that the company will apply for an IPO in 12-18 months.

🚀 Product Launches

  1. EaseMyDeal, a payments startup, launched Scan and Pay via Credit Cards.
  2. Avanti Finance partnered with Stellapps' mooPay to launch credit products for independent dairy farmers.
  3. FtCash, a lending startup, launched supply chain financing.
  4. KreditBee partnered with PayU to launch cardless installment payments (BNPL).

📝 Regulatory Updates

(There were no regulatory updates this week. Did I miss anything?)

💰 Financing Announcements

(There were no financing announcements this week. Did I miss anything?)

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🌏 Asia

📰 Market Updates

  1. MAS released a statement that Credit Suisse will continue operating without interruption in Singapore.
  2. MoMo, a Vietnamese payments company, partnered with Western Union to launch Vietnamese remittances.
  3. TrueMoney, a Cambodian payments company, partnered with Union Commercial Bank (UCB) to launch cash out ATM networks via 10,000 agents.
  4. Brankas, a fintech infrastructure startup for SEA, received payments licenses in Indonesia and Philippines.
  5. Ajaib, an Indonesian stock investing startup, said that its bitcoin trading platform grew 600% in three days.
  6. MAS, Singapore's central bank, is expected to release crypto regulations by June, 2023.
  7. Hong Kong's securities regulator proposed rules allowing retail investors to trade certain “large-cap tokens” on licensed exchanges.
  8. XanPool, a Hong Kong crypto payments platform, shut its offices in Singapore and Malaysia.
  9. Kasikornbank, a Thai bank, claimed to onboard 2 million users to its app in the past year.
  10. Bank Indonesia, the Indonesian central bank, reported that the total number of BI-FAST (Indonesia's real time payments system) participants since its launch in Dec 2021 now stands at 122, representing 94% of the share of the national retail payment system.
  11. Montenegro police claimed that they've arrested Do Kwon, cofounder of Terra.
  12. ShopeePay launched its integration with BI-Fast, Indonesia's real time payments system.
  13. Pakistan's National Database Registration Authority (NADRA) launched Pak-ID mobile app to apply for the national ID system online.
  14. The Stock Exchange of Hong Kong introduced new guidelines making it easier for tech firms  to go public.
  15. Zipmex, a Thai crypto exchange, is facing issues with its latest $100mm funding as an investor missed the deadline to transfer $1.25mm.

💰 Financing Announcements

  1. Kredivo, an Indonesian BNPL startup, raised $270mm.

🌏 International

Please find our global coverage and consider subscribing.

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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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