Connect with us

Startups

Thailand’s Top Funded Fintech Startups in 2018

Thailand is particularly susceptible to fintech thanks to a gap in connectivity between urban and rural areas, where fintechs can jump in to disrupt existing processes

Avatar

Published

on

Thailand has certainly evolved into an interesting landscape for fintech as of late, thanks to a big push by the government in developing its fintech industry as part of the country’s broader Smart Cities and Thailand 4.0 initiative.

Turn Thailand into a fintech hub

The goal is to turn Thailand into a fintech hub in its own right. Thailand is particularly susceptible to fintech thanks to a gap in connectivity between urban and rural areas, where fintechs can jump in to disrupt existing processes and bring much-needed financial services to many citizens.

Throughout the relatively scant years of fintech as an ecosystem in Thailand, quite a few startups have risen to the top in capturing their market segment.

The following list represents the cream of the crop. Do note that the list compiled was based on disclosed funding rounds on websites like Crunchbase. Actual valuations may vary.

1. Omise

top funded fintech startup thailand omise

Total Funding US$45M

Industry: Payments

Omise develops and operates a solution that accepts both online and offline payments.

Users are not requires to make minimum monthly commitments, offers lower transaction fees, and even offers payment acceptance via social media networks.

Omise also raised US$25 million from an ICO to develop Omise Go, a decentralised payment platform that they hope will disrupt the current banking system.

2. 2C2P

2c2p top funded fintech thailand startup

Total funding: US$18M

Industry: Payments

2C2P is a payments solution provider that mainly helps e-commerce merchants accept payments online. 2C2P was founded in 2003 by Aung Kyaw Moe, an entrepreneur from Myanmar who is based in Singapore and Thailand. 2C2P positions itself as a payments provider  tailored for the local needs of Asians.

3. Rabbit Internet (Rabbit Finance)

rabbit finance top funded fintech startup thailand

Total funding: US$9.1M

Industry: Insurance, Comparison Portal

Rabbit Internet is the company behind Rabbit Finance, one of Thailand’s premier comparison portals for insurance and other financial products. Rabbit Finance was previously Ask Hanuman.

Read the rest of the article here

Continue Reading
Advertisement Load WordPress Sites in as fast as 37ms!
Comments

Asean

Saigon Innovation Hub joins ASEAN startup programme

The Saigon Innovation Hub (SIHUB) has been appointed by the government of Malaysia as the only representative of Vietnam to join the ASEAN startup programme.

Avatar

Published

on

The Saigon Innovation Hub (SIHUB) has been appointed by the government of Malaysia as the only representative of Vietnam to join the ASEAN startup programme.

(more…)
Continue Reading

Banking

How fintech is setting Southeast Asia’s SMEs free

In Southeast Asia, only 27% of adults have formal bank accounts and only 33% of businesses have access to proper financing

Avatar

Published

on


Around 1.7 billion people globally are still unbanked – either having no proper savings or access to credit – according to the 2017 Global Findex Database.

(more…)
Continue Reading

Press Release

True Digital Park opens Work Space to ignite future Thai unicorns

Under the concept of ‘One Roof, All Possibilities’, True Digital Park is now ready to ignite startup unicorns and support the country in driving digital economy.

Avatar

Published

on

True Digital Park aims to become Thailand’s first and Southeast Asia’s largest digital innovation hub.

(more…)
Continue Reading

Most Read

Upcoming Events

Nov 27

The Future Energy Show Thailand

November 27 @ 10:00 am - November 28 @ 5:30 pm BMT

Press Release

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 10,894 other subscribers

Trending