Krungsri Finnovate is a wholly-owned corporate venture capital subsidiary of Bank of Ayudhya (Krungsri Bank), which is a strategic member of the Mitsubishi UFJ Financial Group (MUFG), one of the world’s leading financial groups. The company focuses on investing and collaborating with startups and technology companies to co-create innovations in financial services and related technologies, aiming to enhance the digital experience for consumers and businesses.

Krungsri Finnovate

Krungsri Finnovate’s core mission is to provide comprehensive strategic investments with a focus on helping startups achieve their goals through corporate venture capital; strategic partnerships that yield concrete outcomes as a result of cooperation amongst the relevant business units of the Bank, and supporting the ecosystem of startups in order to promote sustainable growth for the startups’ businesses.

We have established a fund with venture capital of USD 150 million, and aim to enhance the ecosystem of startups located both domestically and internationally. Our goal is to promote the sustainable growth of startups that are related to our businesses or customers. We collaborate with them to develop innovative financial solutions and ultimately to encourage them to become Unicorn startups

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Krungsri Finnovate invests in Forward, a Thai fintech-startup global in Blockchain and DeFi.
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 Forward has closed a seed round of around 160 million baht or $5 million.
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 Led by RPVAF-1 fund managed by Primestreet Capital, Beacon Venture Capital from Kasikorn Bank, Krungsri Finnovate from Bank of Ayudhya.

 Read more at: https://lnkd.in/g2WkXxaK

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 We are ready to support Startups and alongside investors to step up every success.

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Krungsri Finnovate reveals investment direction and trend of startups In Venture Capital 2023
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Mr. Sam Tansakul, Managing Director of Krungsri Finnovate Company Limited, revealed the investment direction and trend of Venture Capital (VC) or venture capital businesses around the world in 2023 at the event "KRUNGSRI ENVISIONING THE FUTURE".
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Before giving information on investment trends in VC startup companies in the upcoming year in 2023.
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Read More : https://lnkd.in/gzuK97vR

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#Finnews

Krungsri Finnovate Company Limited received the Prime Minister Award 2022 : Investor of the Year from Deputy Prime Minister Don Pramudwinai assigned by the Prime Minister.
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Krungsri Finnovate Co., Ltd. is very pleased. And I would like to dedicate this success to all the agencies involved. and provide good support including the board of directors Bank of Ayudhya, Board of Directors of Krungsri Finnovate Company Limited, investors from both institutions and private banking who trust in Krungsri Finnovate.
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This award is considered another step of our success. Krungsri Finnovate promises to continue to develop the Startup Ecosystem for sure.

#KrungsriFinnovate #KFIN

K.Sam Tanskul  MD, at Krungsri Finnovate had been invited to be a speaker in “TECHSAUCE GLOBAL SUMMIT 2022”
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With 2 interest Topic

📍“How Defi Presents Opportunities and Challenges for the Banking Industry” 
🗓 Date : Fri 26 Aug, Time : 14.45 - 15.10

📍”Fundraising in SE Asia: What Startups Should Know from VC
🗓 Date : Sat 27 Aug, Time : 13.00 - 13.45

#KrungsriFinnovate
#Krungsri
#techsauce

Open your new vision to the future with the top of the Tech line
Penetrating Digital & Innovation Trends with Krungsri
along with Tech companies and Startups that are top of the country
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📌 At Krungsri Envisioning The Future event
August 24, 2022
Time 13.00 – 19.30
📍 at Gaysorn Urban Resort, 19th floor, Gaysorn Tower
(Gaysorn Robin Resort, Gaysorn Tower, 19th floor)

📲 Register : https://bit.ly/3Ae7MyE
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👇 The topics within the event.
• The Future of Work
• 'Human+Machine' Re-imaging the Corporate Innovation
• Metaverse - What Does It Mean for Real Business?
• Rise of Unicorns and The Journey After Becoming One
• Inside The Minds of VCs, What to Invest in 2023?
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⭐️ August 24, 2022
13.00 - 15.00 First time with the opening Krungsri IT & Digital invites you to discussion with Team Expert
14.30 - 18.00 Discussion on Digital & Tech topic Go inside Panel Discussion and Keynote
18.00 Business network
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Follow to get more news and information from Krungsri Finnovate.
We are ready to support startups and alongside investors to the next level of successes.

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#Finnews

Krungsri (Bank of Ayudhya)’s fintech arm announced on Friday it will invest 3 billion baht in Thai and foreign start-ups over the next three years as part of the digital banking revolution.

Interviewee:  Sam Tanskul 
Read more: https://lnkd.in/gCyS45Jw

#KFIN #KrungsriFinnovate

Mr. Sam Tanskul  MD at Krungsri Finnovate, made an interesting comment about what the future of Thailand's finances will look like in 2030?
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Even in an era where the economy may not be good enough, We have to admit that Thailand's financial technology is developing as fast as anywhere. In the next 10 years, 4 things of financial technology will help reduce more space in the global economy.
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1. #PaymentTechnology 💳
Now we shifted the payment methods from cash to credit cards, debit cards, smartphones, Apple Pay, Google Pay, Android Pay, smartwatches, and QR payments, especially during COVID-19. And in around the next 10 years, technology may evolve to make it easier for all of us to pay by using our face, eyesight, or fingerprint to veins. In addition, the #BuyNowPayLater product itself will be more popular.
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2. #LendingTechnology 💸
Typically, Lending takes a minimum of 30 minutes, but in the future, startups will use AI to efficiently collect credit and credit data and approve loans in as little as 3 minutes.
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3. #RemittanceTechnology 🌍
International sum transfers usually take 1-2 days with exorbitant fees. But now, Block Chain technology is breaking down this barrier by allowing international and money transfers to happen in fractions of a second.
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4. #WealthTechnology 🤖
AI or Robo-advisors are now being introduced to help trade stocks, fund, and provide financial advice. For example, #Finnomena helps assess investments in funds. In the coming years, AI will take care of the portfolio of new assets such as "Crypto." This will enable everyone to invest appropriately and get the most out of it.
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The financial technology trends Mr. Sam Tanskul  has told It's something to watch out for, and of course, these things will come true very soon, so we need to learn and understand them to take advantage of these technologies before anyone else. 👍🏻
thanks for the excellent information and pictures from GM magazine

#KFIN
#KrungsriFinnovate
#Finnews

This morning, K.Sam Tanskul, MD, at Krungsri Finnovate, A Thailand representative, shared the stories "Transformation in Banking" on the stage of seamless Asia. 

To say that the banking industry in Thailand. We can speak anywhere in the world because we have both startup ecosystems. 

- Blockchain is used for eKYC (NDID) and Letter Guarantee.
- AI Technology, including digital assets.

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#Krungsri
#MUFG

Krungsri Finnovate invests over 1 billion baht in startups related to Web3, Defi, Blockchain, and Metaverse to enhance its digital banking capacity under the fund “Finnoverse.” 

Sam Tanskul, Managing Director, Krungsri Finnovate, said, “At present, popularities on digital assets and digital finance technology have leapfrogged and have been considered the crucial disruption in banking.[DB(oAP1]  Thailand is considered one of the leading countries in the world, showing high interest and adoption of digital assets. For example, Thai financial institutions are keen to develop decentralized finance, blockchain, and cryptocurrencies have been proving themselves with real-world use cases, as seen in the latest trends on GameFi, Non-Fungible Token (NFT), Metaverse or Web 3.0 among both retail and corporate customers. This is the right time for the investment as people have been familiar with such financial innovations, and they are showing long-term growth potential. The 1-billion baht Finnoverse fund will enable Krungsri to be ready for building infrastructure related to decentralized finance and able to tackle the disruptions in the future. This is also in line with 2022 Krungsri’s business focus on building Beyond Tech experiences for customers while creating new revenue streams for the business. With the Finnoverse fund, Krungsri Finnovate plans to prepare for the digital finance with the investment in Fund of Funds to learn from the industry experts, investment in Defi, and use cases such as NFT; Metaverse, blockchain including related infrastructure such as custodian, etc.”

Read More: https://lnkd.in/diA5vn-Z

#KFIN
#KrungsriFinnovate
#Finnoverse
#Finnews

ADDX has raised US$58 million in a Pre-Series B funding round that saw several financial institutions come on board as new shareholders: SET Venture Holding, a subsidiary of the Stock Exchange of Thailand (SET), UOB, Hamilton Lane (NASDAQ: HLNE) and Krungsri Finnovate, the corporate venture capital arm of Krungsri (Bank of Ayudhya PCL) And the latest investment brings total funds raised by ADDX to around US$120 million, since the company’s inception in 2017. New investors join existing shareholders on the ADDX cap table, such as Singapore Exchange (SGX), Temasek-owned Heliconia Capital, Development Bank of Japan (DBJ), Japan Investment Corporation – Venture Growth Investments (JIC-VGI), Tokai Tokyo Financial Holdings, Kiatnakin Phatra Financial Group and Hanwha Asset Management.

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