Connect with us
Load WordPress Sites in as fast as 37ms!

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

0/5 (0 Reviews)
Advertisement Load WordPress Sites in as fast as 37ms!
Comments

Companies

The Real Story Behind Uber’s Exit from Southeast Asia

On the surface it looked like Grab won and Uber lost, and that a fierce rivalry would emerge between Grab and Go-Jek, Indonesia’s first unicorn.

Avatar

Published

on

Uber, Grab and Go-Jek embody emerging strategies in international platform competition.

(more…)
0/5 (0 Reviews)
Continue Reading

Corporate

The World’s Most Talent Competitive Countries in 2019

Thailand ranks 6th most innovative country in Asia, and 3rd in Asean after Singapore and Malaysia

Avatar

Published

on

Entrepreneurial talent is a critical component of both competitiveness and innovation.

(more…)
3/5 (1 Review)
Continue Reading

Startups

Thailand’s DEPA signs deal with six Singaporean IoT innovators

Avatar

Published

on

Thailand’s Digital Economy Promotion Agency (depa) has signed agreements with six regional Internet of Things (IoT) innovators for the exchange of know-how and technology.

(more…)
4/5 (2 Reviews)
Continue Reading

Most Read

Must Read

Trending