Bangkok | Thailand
| Investor Type | Firm |
| Type of Fund | Incubator, Accelerator |
| Industries | FinTech (& Financials services) • Cosmetics (& Fashion) • IoT (& Wearables) • Blockchain (& Cryptos) • Web Security (& Privacy) • AR/VR • Insurance (& InsurTech) • Payments • Incubators • Investment Management |
| Stages | Seed, Series A, Series B |
| Investing | United States • Japan • Singapore • Thailand |
| Investment Range | $235,000 - $1,200,000 |
What is Krungsri Finnovate?
Krungsri Finnovate is a corporate venture capital firm based in Bangkok, Thailand, focused on fostering growth in the financial technology sector and affiliated industries. As part of the larger Bank of Ayudhya (Krungsri), one of Thailand's largest banks, Krungsri Finnovate operates at the intersection of finance and innovation to drive transformation within the bank and the broader market.
Their investment philosophy centers on identifying and nurturing startups that present strategic opportunities for synergy with Krungsri's existing business units, creating a collaborative environment where new technologies can be integrated into the banking ecosystem. They engage in various strategic partnerships with entities like Baania, Grab, and Sea among others, addressing different stages of startup development from early stage to growth stages, and even extending to working with ultra-high net worth individuals.
Krungsri Finnovate also places a strong emphasis on the development of the fintech ecosystem through initiatives such as the Finnoventure Private Equity Trust, which aims to accelerate fintech, e-commerce, and automotive startups, and the Finnoverse Fund, focusing on innovative areas like WEB3, blockchain, decentralized finance (DeFi), GameFi, and the metaverse.
Complementing their investment activities, Krungsri Finnovate runs accelerator programs like Krungsri RISE and offers an incubation space, Krungsri UPcelerator, for budding entrepreneurs.
In addition, Krungsri Finnovate hosts 'Meet the Angels' events for startup business matching, providing a comprehensive support system for nascent companies. Their portfolio includes a wide range of technology-driven companies, showcasing their commitment to innovation and digital transformation within the region's financial services industry.
What they say:
We are a venture capital firm that acts as a strategic investor.
What we look for: We invest in startups, specifically those in big data, blockchain, cyber security, fintech, and insurtech.
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