SCB's Digital Ventures unit has announced its plans to set up a $50m corporate venturing arm, an accelerator and a research and development unit.
Digital Ventures, the fintech investment subsidiary of Thailand-based financial services firm Siam Commercial Bank (SCB), has unveiled its strategy to bolster the regional startup ecosystem across three major divisions.
Dubbed Forwarding Fintech, the initiative formalises Digital Ventures’ mission to invest and innovate through a $50m commitment provided by SCB. It establishes a corporate venture capital arm, an accelerator and a research and development division.
The CVC unit will be led by managing director Polapat Arkkrapridi and will invest from the…
