Monix (MONIX), a fintech start-up service provider “Phoenix App” (FINNIX) Digital loan platform for people to make a living. SCB X Public Company Limited (SCBX) and Lombard Asia (Lombard Asia) have announced the successful investment to strengthen their nanofinance business. Become a digital lending leader with outstanding growth performance Reinforcing the mission of reducing money inequality for Thai society Prepare your business for IPO in the future
Mr. Chinbin Phan, Chief Executive Officer of Mannix Co., Ltd. and Ms. Tiranan Aroonwattanakul, Chief Operating Officer of Mannix Co., Ltd. said, “Mannix is very pleased to have a new partner joining. Invest and create opportunities for people who do not yet have access to finance. which received additional investment this time Reinforces the confidence that SCBX and Lombard Asia have in our vision and leadership in the digital lending business as well. We will continue to upgrade our financial products and services platform to be your best friend. with the power of the most intelligent AI and machine learning technology To reduce inequality and help Thai people with good finances and truly sustainable happiness.
Munix is the leading AI-powered digital lending platform that understands customers the best. The company was established in 2020 from a joint venture of SCBX Group and Abakus Group, a Chinese fintech unicorn. Confident in creating opportunities for Thai people to have good finances and happiness The company provides “Phoenix” application service to help more than 36 million Thai people who are unable to obtain loans from banks or financial institutions. provide access to legal and fair credit The Phoenix App can approve loans as fast as 5 minutes using alternative data without collateral or paperwork. This helps reduce the problem of informal debt very well.
Munix currently has more than 15 billion baht in lending, has more than 650,000 loan customers, and has posted positive net profits despite the challenging economic environment. From this investment, the total accumulated capital is around 1,400 million baht or 40 million US dollars. and with good support from partners The company is well positioned to continue to accelerate business growth. enhance the platform of products and services to expand the new customer base From now on, the company plans to be listed on the Stock Exchange of Thailand (IPO) with the goal of being a financial app that helps reduce money inequality for Thailand.
Dr. Arak Sutivong, Deputy Chief Executive Officer of SCB X Public Company Limited, said, “This investment Demonstrate constant commitment and believes in Munix’s long-term growth opportunities. As the parent company of the group, SCBX continues to support its subsidiaries in the right direction for each company. This includes outside funding from Munix in this round. To create growth and prepare to be listed on the Stock Exchange of Thailand (IPO) in the next few years. Aiming to increase company value and generate maximum returns for shareholders.
In addition, based on the competence and experience of the expert team of Lombard Asia and the Abacus Group. We are very confident that Mannix will be able to achieve the goals as planned. This will help strengthen one of SCBX’s key goals, which is to explore new opportunities and possibilities. in financial services and maximize the value of the companies in the portfolio We will continue to enhance our strategy continuously. to unlock hidden value from our fintech investments and ready to look forward to other successes Many more will follow in the future.”
Mr. Ekaluck Wangchucherdkul managing director Lombard Asia said, “Mannix is an attractive and rapidly growing leader in digital lending. This investment is in line with our strategic plan to support businesses that benefit society while generating a good return on investment. Munix is a leading financial platform that provides access to quality financial services for low-income customers. So answer this question very well. as an investor Lombard Asia will join forces with Munix executives to drive the business and accelerate its growth. To aim for a successful IPO “
