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Monday, April 29, 2024

SEC gauges 69 SMEs for crowdfunding

Ms Ruenvadee says the SEC amended the crowdfunding rules to make them more convenient and flexible for SMEs.

The Securities and Exchange Commission (SEC) estimates 69 small and medium-sized enterprises (SMEs) and startups are likely to access the equity crowdfunding platform next year, with three pilot projects having reported success.

SEC secretary-general Ruenvadee Suwanmongkol said three SMEs and startups were successful in raising a total of 76 million baht through the crowdfunding platform via the capital market.

There are at least 69 more SMEs and startups expected to raise funds through the platform next year, while many financial advisories are applying for the crowdfunding portal licences with the SEC, said Ms Ruenvadee.

She said the SEC and the Stock Exchange of Thailand are conducting a…

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