Siam Commercial Bank's Digital Ventures subsidiary is set to commit an undisclosed sum to Nyca Partners' Nyca Fund II, which will invest in early-stage fintech.
Digital Ventures, the fintech investment arm of Siam Commercial Bank (SCB), is planning to supply an undisclosed amount for a fund raised by venture capital and advisory firm Nyca Partners, DealStreetAsia has reported.
Nyca Fund II is the latest fund to be raised by its US-based parent firm, which aims to invest $25m per year in financial and payment technology developers.
Digital Ventures is the only Thailand-based investor among the fund’s 10 institutional limited partners, and the investment represents the…
