SME or small business crowdfunding platform Siam Validus has reportedly received a debenture crowdfunding license from the Securities and Exchange Commission of Thailand (SEC).
Siam Validus is a joint initiative between Singapore’s SME financing platform Validus and SCG Distribution, a Thailand-based firm that specializes in distribution and the retail business.
The new permit should help Siam Validus with supporting SMEs using various financing solutions through debt crowdfunding to drive capital flow and potential investments.
Siam Validus’ management stated that the licensing was obtained after a thorough due diligence process performed by Thailand’s SEC, and shows that the regulator remains focused on enhancing funding access for local SMBs.
Like in other countries in Southeast Asia, small businesses play a key role in Thailand’s economy, representing more than 95% of…
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SME or small business crowdfunding platform Siam Validus has reportedly received a debenture crowdfunding license from the Securities and Exchange Commission of Thailand (SEC).
