Connect with us

Myanmar

Thai e-wallet service T2P closes $3m Series A led by J-Venture for Myanmar push

T2P Deep Pocket, Thailand’s e-wallet service provider, has closed a $3-million series A round led by J-Venture, the corporate venture capital arm of SET-listed mobile retailer JMART

Avatar

Published

on

T2P Deep Pocket, Thailand’s e-wallet service provider, has closed a $3-million series A round led by J-Venture, the corporate venture capital arm of SET-listed mobile retailer JMART.

The Chanwanich family as well as existing investors including 500 TukTuks and a mobile network service provider Telenor also joined the round.

T2P’s chief executive officer Taweechai Pureetip told DEALSTREETASIA that it would likely use the latest proceeds to expand the team and launch its services in Myanmar.

“As we expand into new markets, one of our strategies is to find the right partner and grow together. Telenor, our strategic partner, has covered more than 90 per cent of total network in Myanmar. Additionally, we have set up a joint venture with the retail giant City Mart in February to provide e-wallet services to its customers as well,” he said.

T2P is the first company that joins dtac accelerate “Global Expansion Track”, which plans to help them expand into 13 global markets with the support from Telenor.

Pureetip added it is also developing other financial products, linked  to people’s lifestyles, proposed to be launched in the fourth quarter of this year. The company aims to serve over 100 million unbanked customers in Southeast Asia and South Asia.

The fintech company received the funding of $1.1 million from 500 TukTuks and Benchachinda Holding in May 2016. The latest round brings total funding up to date to $4.1 million.
Source link

DEALSTREETASIA Pte. Ltd. is a news and intelligence platform providing reports on investments, mergers, acquisitions, private equity, venture capital, investment banking and the business of startups across the Asian region.

DEALSTREETASIA Pte. Ltd. is a news and intelligence platform providing reports on investments, mergers, acquisitions, private equity, venture capital, investment banking and the business of startups across the Asian region.

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

India

Marketing and investment strategies in Myanmar, India

To encourage Thai SME operators to enter the international market, the Office of Small and Medium Enterprises Promotion (OSMEP) aims to urge them to invade Myanmar, Cambodian, Chinese and Indian markets.

National News Bureau of Thailand

Published

on

Marketing and investment strategies in Myanmar, India

BANGKOK, 26 July 2019 (NNT) – To encourage Thai SME operators to enter the international market, the Office of Small and Medium Enterprises Promotion (OSMEP) aims to urge them to invade Myanmar, Cambodian, Chinese and Indian markets.

(more…)

Continue Reading

Cambodia

Thailand pushes CLMVT as the “New Value Chain Hub of Asia”

The Ministry of Commerce, in cooperation with 11 relevant agencies, hosted the CLMVT Forum 2019 with delegates from Cambodia, Laos, Myanmar, Vietnam, and Thailand

National News Bureau of Thailand

Published

on

BANGKOK, 24 June 2019 (NNT) – Thailand’s Prime Minister, Gen. Prayut Chan-o-cha, today attended the opening of the CLMVT Forum 2019, and urged its member countries to push for the development of the CLMVT Regional Value Chain, so that they can have more bargaining power and improve the well-being of their citizens.

(more…)

Continue Reading

Asean

Hello, shadowlands : inside Southeast Asia’s $100 billion dark economy

Organized crime in Southeast Asia has entered a golden age : now valued at $100 billion, this dark economy is expected within the next decade to hit $375 billion

Olivier Languepin

Published

on

Hello, Shadowlands takes a deep plunge into crime rings both large and small. It also examines how China’s rise and America’s decline is creating new opportunities for transnational syndicates to thrive.

(more…)

Continue Reading

Most Read

Upcoming Events

Mon 21

34th International Conference on Dental and Oral Health

October 21 @ 9:00 am - October 22 @ 5:00 pm BMT
Nov 06

2nd World Congress on Pediatrics and Child care

November 6 @ 8:00 am - November 7 @ 7:00 pm BMT
Radisson Hotel Narita
Tomisato-shi
Nov 07

3rd World Congress On Gynecology, Obstetrics & Reproductive Health

November 7 @ 9:00 am - November 8 @ 4:00 pm BMT

Press Release

Subscribe via Email

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

Join 11,595 other subscribers

Trending