Krungsri Finnovate establishes 3B baht fund targeting fintech, e-commerce, automotive startups

Krungsri Finnovate signaled an acquisition thesis in Corporate venture capital fund establishment on October 20, 2021.

Primary

Krungsri Finnovate

Counterparty

Bank of Ayudhya

Structure

Corporate venture capital fund establishment

Date

October 20, 2021

Sub-sector

Insurtech

Bank of Ayudhya subsidiary establishes dedicated fund targeting fintech, e-commerce, and automotive startups across ASEAN to capitalize on post-pandemic digital growth and underinvestment in the region.

Primary company

Krungsri Finnovate

Counterparty

Bank of Ayudhya

Amount

Not disclosed

Event date

October 20, 2021

Sub-sector

Insurtech

HQ

Not disclosed

Structure

Corporate venture capital fund establishment

Source published

October 20, 2021

Publisher

Bangkok Post

Source: bangkokpost.com