Krungsri Finnovate, formed by the eponymous Thai bank in mid-2017, could be doubled in size to $60m as it looks to increase the size of its investments.
Thailand-headquartered financial services firm Krungsri is considering doubling the size of its venture capital vehicle, Krungsri Finnovate, to $60m, managing Director Sam Tanskul has told DealStreetAsia.
Krungsri Finnovate was launched in May 2017 with $30m of capital and the unit has since invested some $15m in three companies including real estate data software developer Baana, as well as SBI AI and Blockchain Fund, which is being raised by financial services provider SBI.
The fund intends to use…
