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).

Note: this edition covers news and updates up to Wed, 13th Sep, 2023.

✨ Jakarta Fintech Happy Hour - 26th Sept, 2023

Join us on 26th Sept, 2023 at the Jakarta Fintech Happy Hour presented by AWS, Quona and B Capital!

Jakarta Fintech Happy Hour is Sponsored by AWS, Quona, B Capital, Bureau and Xendit and Supported by Indonesia Fintech Association (AFTECH).

Fintech Happy Hour details:
🗓️ Tue, 26th Sept, 2023
🕕 6pm onward
📍 SCBD, Jakarta (register to get details)

At the Jakarta Fintech Happy Hour we will be hosting a panel comprising of special guests and luminaries from the financial industry.

🐦🏆 Tweets of the Week

(Note: Neither TWIF nor I endorse any views in the tweets highlighted above.)

📈 Chart of the Week

Source: Zerodha Blog Post

🇮🇳 India

📰 Market Updates

1. Coinbase is stopping all services to Indian customers.
2. Scapia, a travel credit card startup, is expected to raise $20-25mm.
3. Zeordha moved T-bills, gold bonds and other asset purchases from Coin to Zerodha.

🚀 Product Launches

• Samunnati, an agri financing company, partnered with Finbots.AI to launch AI based credit underwriting.

💰 Financing Announcements

1. Perfios, a banking SaaS startup, raised $229mm.
2. TSS Trackwizz, a regulatory compliance company, raised an undisclosed amount.

ACQUISITIONS:

• Razorpay acquired BillMe, a digital invoicing and customer engagement startup.

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🌏 Asia

📰 Market Updates

1. Kasikornbank, a Thai bank, launched $100mm fund for fintech focussed AI and web3.
2. Amartha, an Indonesian microfinance startup, partnered with IFC to launch credit products for women led small businesses.
3. Igloo, an Indonesian insurance startup, expanded operations to Thailand.

💰 Financing Announcements

• Parallax, a Philippine freelancer cross border payments startup, raised $4.5mm.

🌏 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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