Tagged: thailand

JD.com, Central Group & Provident Capital Agree to $500M Joint Venture on Fintech & Ecommerce

JD.com, (NASDAQ:JD), China’s largest retailer, and JD Finance, along with Thailand’s largest retail conglomerate Central Group, and Provident Capital have announced an investment of up to $500 million to establish two joint ventures in Thailand covering e-commerce and fintech services, respectively. According to company representatives, the terms of the agreement indicate… Read More

Trulioo Expands: Extends AML/KYC Identity Verification Global Footprint into Thailand

Trulioo, an on-demand global identity verification company, announced on Tuesday it has extended its AML/KYC identity verification global footprint into Thailand. This news comes just a few months after the company expanded its solution into Korea. According to Trulioo, the extended coverage will also help… Read More

Kasikorn Bank Creates $30 million Fintech Fund

Kasikorn Bank has opened up a $30 million fund to invest in to Fintech startups, thus exemplifying the banks attitude to embrace disruptive technologies. The rapid technological developments within the financial industry has opened up new dimensions in the market, changing how customers think. People… Read More

Brief: Thai Kasikorn Bank $30M Global Fintech Fund Sets Sail

Thailand’s Kasikorn Bank has launched a $30 million fintech fund to invest in startups across South East Asia as well as Europe and China. The KBank Beacon fund aims to undertake up to five deals per year, with investments ranging from $500,000 to $3 million, according… Read More

Bangkok Bank Partners with Nest to Introduce FinTech Accelerator InnoHub

Bangkok Bank Public Company Limited announced its international FinTech accelerator program, Bangkok Bank InnoHub in partnership with corporate innovation partner Nest. The 12-week intensive program will take place in Bangkok, Thailand, aiming to exemplify the bank’s drive to inspire innovation and solidify its commitment to innovative new technologies. As the country’s leading… Read More

Thailand: Experts Predict Blockchain Takeover in 2018

Bhume Bhumiratana works on blockchain in Thailand and in an interview with the Bangkok Post, he said that the country is poised to see the technology take over banking and financial services in the near future. “The adoption of blockchain technology is expected to be widely… Read More

Thai FinTech Association Seeks Government Assistance For Local Tech Startups and Financial Institutions Through New Initiative

Thai FinTech Association has called upon the Thailand government to assist local tech startups and financial institutions to enhance local competition and prevent foreign companies from monopolizing in the country’s fintech market, according to the Bangkok News. During a recent interview, chairman of the Thai Fintech Association,… Read More

The Regulatory Framework for Peer-to-Peer Lending Industry in Thailand : A Consultation Paper Issued by the Bank of Thailand

The Peer-to-Peer Lending Industry in Thailand Peer-to-peer lending, which is also known as social lending or crowdlending, has drastically increased in the recent years in many countries around the world. The total volume of peer-to-peer lending activities has been growing rapidly. A good example is… Read More

Brief: Thailand Finally Pursues Fintech, Preps Regulatory Sandbox

Thailand decided to open a fintech regulatory sandbox, with the central bank set to invite firms to participate early next year, according to a release. The sandbox will enable developers working on lending, payment and money-transfer services and products to experiment for up to a year. An… Read More

Thai Startup T2P, Creators of DeepPocket e-Wallet App, Receives $1.1 in Funding from 500 Startups

T2P, creators of the e-Wallet App DeepPocket, has received $1.1 million in funding led by Dave McClure’s 500 startups. The funding round also saw participation from Bechnachinda Holding.  T2P is based in Thailand and the additional capital will be leveraged to expand their services beyond… Read More

Asia Pacific Research: Dramatic Growth in Alternative Finance is Fueled by Huge China Market

The Asia-Pacific Alternative Finance Benchmarking Report has just been published and it highlights the largest region in the world for disruptive finance. Entitled, “Harnessing Potential”, this is the first report for the region and has been created by a partnership of researchers, including the Cambridge… Read More

Thailand Promotes Fintech, Equity Crowdfunding

Thai financial regulators including the SEC and the Bank of Thailand (BOT) are moving forward with supporting Fintech initiatives and equity crowdfunding specifically. Somkid Jatusripitak, Deputy Prime Minister in charge of Economic Affairs, recently declared 2016 Thailand’s “Investment Year”, as the southeast Asian country tries… Read More

Fundnel Goes Big. Investment Crowdfunding Platform Provides Access to Capital for ASEAN SMEs

  Fundnel (pronounced like Funnel) is one of several investment crowdfunding platforms that have launched in Singapore over the past year. But even though there are a growing number of sites entering the internet finance space, Fundnel claims the title of Asia’s first collaborative fundraising platform… Read More

Thai Securities & Exchange Commission Seeks Comments on Proposed Crowdfunding Rules

The Thai Securities and Exchange Commission has proposed rules for investment crowdfunding including the supervision of the investment portals. The SEC states that the proposed rules aim to establish a standard framework for operating crowdfunding portals. The supervised areas include measures and implementation against conflicts… Read More

The Equity Crowdfunding Bandwagon: South East Asia Jumps On Board

Southeast Asia (SEA) represents a burgeoning regional economy comprising of 11 countries with a consolidated GDP of US$2.57 trillion (that’s approximately 15% the size of the US economy), and a combined population of 620 million people. It’s no wonder that there’s a buzz around the… Read More

CrowdPlus.Asia Claims First ASEAN Equity Crowdfunding Platform

CrowdPlus.Asia is the first, of the approved platforms, to launch in Malaysia – and across multiple Asian markets. CrowdPlus.asia will focus on the ASEAN market, having established a presence in Malaysia, Thailand and Vietnam, as well as mainland China and Hong Kong where there is a number… Read More

P2P Lender Beehive Aided by Clyde & Co’s Islamic Finance Team with Sharia Certification

Clyde & Co, an international law firm operating mainly in the MENA region, states it has advised Beehive on its Sharia certification.  Beehive announced the receipt of its certification earlier this week. The peer to peer lending platform received approval by the Shariyah Review Bureau (SRB). The certification… Read More

Thailand Expects to Authorize 1st Investment Crowdfunding Platforms Before Year End

As regional economies slow, policy makers search for new catalysts for growth.  Thailand is one of several countries in southeast Asia eyeing investment crowdfunding to help spur innovation and economic growth.  While several rewards based platforms operate in Thailand now, the country has charted a… Read More

CoAssets’ Singapore Domiciled Crowdfunding Deal “Mountbatten Lights” Successfully Raises S$500,000

Australian listed crowdfunding platform CoAssets Limited (“CoAssets” or the “Company”) (NSX code: CAX), confirmed on Monday that it has successfully crowdfunded the platform’s first Singapore-based real estate project.  Launched on July 1st, Mountbatten Lights, a boutique cluster bungalow development, managed to raise S$500,000 from more than… Read More

The Establishment of Equity Crowdfunding in Thailand & the Strengthening of Thai SMEs for the ASEAN Single Market

The Importance of Equity Crowdfunding in Thailand On 16 May 2015, the notification of the Capital Market Supervisory Board such as the notification no.: TorChor. 7/2558 regarding regulations on offer for sale of securities through electronic system or network TorChor. 8/2558 regarding rules, conditions and… Read More