Financial institution Krungsri has set up a corporate venturing subsidiary called Krungsri Finnovate to back fintech startups that can be integrated with its products.
Thailand-based financial services firm Krungsri has established a $30m corporate venturing subsidiary dubbed Krungsri Finnovate, DealStreetAsia has reported.
The fund will focus on financial technology startups, with the capital expected to last until 2019. In addition to providing funding, Krungsri Finnovate will collaborate with accelerators and academic institutions, and will also offer startup project management.
Krungsri is particularly interested in identifying products and services that could eventually be integrated with its own offering. It has appointed Sam Tamskul as managing…
