Tagged: thailand

Southeast Asia’s Funding Societies, an Online Capital Formation Platform, Reports S$2 Billion in Business Financing Disbursals

Southeast Asia-based Funding Societies, a digital financing platform, has revealed that it has made S$2 billion (appr. $1.5 billion) in disbursals of business financing to SMEs across the region as the company enters its sixth year of offering loans. Funding Societies’ management noted that the… Read More

Deutsche Bank Partners With Southeast Asia’s 2C2P to Launch Payments Platform in Thailand

  Deutsche Bank (XETRA: DBKGn.DB /NYSE: DB) announced on Thursday it has joined forces with Southeast Asia’s 2C2P to launch a digital payments platform in Thailand. The banking group reported that through 2C2P’s platform,  corporate clients in Thailand will be able to maximize their business… Read More

Thailand-Based Insurtech AppMan Secures $4.6 Million Through Series A Funding Round

  AppMan, a Thailand-based insurtech, has reportedly raised $4.3 million through its Series A funding round, which saw participation from Siam Alpha Equity’s SME Growing Together 1 fund, Krungsri Finnovate, Casmatt, KTBST, and Poems Ventures, the venture arm of PhillipCapital Group. Founded in 2011, AppMan claims to be… Read More

Thailand’s Siam Commercial Bank’s SCB 10X Unit Launches $50M VC Fund for DeFi, Blockchain, Digital Assets Startups

SCB 10X, a subsidiary of Thailand’s Siam Commercial Bank or SCB (BKK: SCB), has launched a $50 million VC fund that will make strategic investments in early and growth stage startups globally. SCB is looking for initiatives that are focused on blockchain, decentralized finance (DeFi),… Read More

Funding Societes Expands into Thailand

Singapore based Funding Societies has announced the expansion of operations into Thailand. The online capital formation platform will operate under a crowdfunding license authorized by the Thai Securities and Exchange Commission. According to a note from Funding Societies, the company worked for more than a… Read More

Siam Validus, an SME Funding Platform, Acquires a Debenture Crowdfunding License from the SEC in Thailand

SME or small business crowdfunding platform Siam Validus has reportedly received a debenture crowdfunding license from the Securities and Exchange Commission of Thailand (SEC). Siam Validus is a joint initiative between Singapore’s SME financing platform Validus and SCG Distribution, a Thailand-based firm that specializes in… Read More

Thailand-Based Insurtech gettgo Scores $6.7 Million Investment From Muang Thai Group Holding

  gettgo, a Thailand-based insurtech startup, announced on Friday it secured a $6.7 million investment from Muang Thai Group Holding Co. gettgo, which operates under Muang Thai Broker Co., Ltd., a subsidiary of Muang Thai Group Holding Co., is on a mission to build a new… Read More

Thailand’s Online Payments Platform Omise Chooses Netcetera’s 3-D Secure Server to Secure Digital Transactions in Asia

Thailand-based Omise, a digital payments platform, has reportedly chosen the Netcetera 3-D Secure Server in order to secure its transactions in the APAC region. The update is expected to go live this month. Netcetera, a Switzerland-based software firm providing virtual payment solutions, offers certified products… Read More

How the Regulatory Framework for Crowdfunding Platforms in Southeast Asia will Benefit SMEs and Investors

Peer-to-peer (P2P) lending has come a long way since its early days as a casual crowdfunding platform. Today, individual borrowers and small and medium-sized enterprises (SMEs) can access loans without the hassle of going through banks and lengthy financial assessments. Still, P2P lending is a… Read More

Majority of ASEAN Region Fintech Firms are Planning to Raise Additional Funds while Expanding Operations in 2021: Report

Four in five or 80% of Fintech companies in the ASEAN region are focused on expanding their operations following the COVID-19 outbreak. ASEAN member countries include Brunei, Burma (Myanmar), Cambodia, Timor-Leste, Indonesia, Laos, Malaysia, the Philippines, Singapore, Thailand and Vietnam. A report from UOB, PwC… Read More

Fintech Firm Lightnet and Siam Commercial Bank to Support Cross-Border Payments from South Korea to Thailand

Siam Commercial Bank (BKK:SCB) has partnered with Lightnet to provide cross-border fund transfer services from South Korea to Thailand. As a digital banking service provider, Siam Commercial Bank (SCB) is focused on continuously updating its Fintech capabilities. SCB will now be working with the Lightnet… Read More

How New P2P Regulations Make the Industry Safer for Investors in Southeast Asia

Digital lending platforms have made strong inroads in Southeast Asia over the past few years. In 2016 alone, peer-to-peer (P2P) business lending generated US$115.01 million—more than half of Southeast Asia’s total alternative financing market that year.  This growth can be attributed to a combination of… Read More

Rapyd Launches Payment Capabilities in Thailand

Just a little over a month after announcing its payment capabilities debuted in South Korea, B2B fintech-as-a-service provider Rapyd announced it has launched the capabilities in Thailand. According to Rapyd, the integrated solution is a comprehensive set of local and international payment methods that includes… Read More

Thailand Is Now Home to 96 Fintech Startups including Crowdfunding, Insurtech, Remittance Payments Services: Report

During the past few years, the Fintech sector in Thailand has grown significantly. The country is now home to at least 96 Fintech startups. Thailand’s Fintech ecosystem includes companies and businesses operating in the digital payments space, blockchain or distributed ledger tech (DLT). There are… Read More

Southeast Asia has Emerged as Fintech Hotspot with CAGR of 55% in Equity Funding: Report

  Digital challenger banks have adopted several different business models in order to establish operations in the Fintech and banking sector. They’ve experienced a threefold growth (over 300% growth) during the past five years, according to a new report from the Singapore Fintech Association (SFA)…. Read More

Line Corporation Launches Social Banking Platform “LINK BK” in Thailand

LINE Corporation announced on Tuesday the launch of LINE BK, which is a “social banking” platform in Thailand. According to Line, LINE BK will connect Thailand’s “most popular” social media platform and one of Thailand’s leading banks. LINE BK was launched under the Wallet Tab… Read More

Bank of Thailand Announces Launch of Government Savings Bond on IBM Blockchain-Based Platform

IBM (NYSE: IBM) announced on Monday it teamed up with Bank of Thailand (BOT), the central bank, to launch a  blockchain-based platform for government savings bonds issuing a total of $1.6 billion within two weeks. According to IBM, the platform is using blockchain technology on the… Read More

Asian Countries like India, Indonesia, Vietnam, Thailand have One of the Fastest-Growing Digital Asset Markets: Report

Cryptocurrency and blockchain technology adoption continues to rise, with banks, institutional investors, and everyday consumers now using these platforms to engage in everyday transactions or to implement various business use cases. According to Chainalysis, the “patterns of cryptocurrency usage” vary widely across the globe. The… Read More

Thailand Insurtech Sunday Secures $9 Million Through Series B Bridge Round Led By SCB 10X

Sunday, a Thailand-based insurtech startup, has reportedly raised $9 million through its Series B bridge investment round. According to KrAsia, the investment round was led by SCB 10X, the venture capital arm of the Siam Commercial Bank PCL (SCB), with participation from Vertex Ventures Southeast… Read More

Digital Banking Competition in Southeast Asia Should Intensify as there’s been a Boom in Fintech Investments: Report

Southeast (SE) Asia is home to an unbanked population of around 290 million, according to a recent report from Fitch Ratings. Fintech solutions can enable more widespread financial inclusion, and could potentially increase the GDP of emerging markets by $3.7 trillion, according to an updated… Read More

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