Firm is expanding regional outlays
Krungsri Finnovate Co (KFIN), a corporate venture capital arm of Bank of Ayudhya (Krungsri), plans to expand investment in tech startups in regional markets to support its parent company’s business operations in Asean.
The company has many tech startups in the investment pipeline in 2024, covering both Thai firms as well as firms in the region, particularly in Vietnam, Singapore, Indonesia and the Philippines.
The company’s regional investment plan aligns with Krungsri’s regional business expansion under its “Asean Connectivity” strategy, said Sam Tanskul, managing director of KFIN.
Krungsri, the country’s fifth-largest bank by total…
