Krungsri Finnovate Co., Ltd.

Overview

Krungsri Finnovate Co., Ltd. is the corporate venture capital arm of Krungsri Bank, dedicated to fostering innovation in the financial sector by investing in fintech and banking-related technology startups across Southeast Asia. Established with an initial venture capital fund of USD 30 million over three years, the firm aims to support the growth of startups that can integrate innovative financial solutions into Krungsri's products and services, enhancing customer experience and driving digital transformation. The company's investment strategy encompasses a range of stages, from Series A to Pre-IPO, focusing on sectors such as e-commerce, logistics, digital payments, blockchain, lending, insurtech, artificial intelligence, machine learning, and cybersecurity. By collaborating with Krungsri's business units, Krungsri Finnovate seeks to create synergies that promote sustainable growth for startups and contribute to the development of a robust startup ecosystem in the region. Over the past five years, Krungsri Finnovate has made 20 investments, including 18 direct investments and two fund-of-funds investments. These efforts have facilitated collaboration among Krungsri's business units and over 70 startups, resulting in more than 120 successful project completions. The firm's commitment to supporting the startup ecosystem has been recognized with awards such as the Best Venture Capital Firm for Startups Thailand 2023 and the Prime Minister Award 2022: Investor of the Year, underscoring its role as a strategic investor in the fintech and banking technology sectors.

Investment Focus

• Startups with strategic connections to Krungsri's business units
• Technologies of interest include e-commerce, logistics, digital payments, blockchain, lending, insurtech, artificial intelligence, machine learning, and cybersecurity
• Investment stages from Series A onwards

Portfolio Companies