Krungsri Finnovate

Established in 2017, Krungsri Finnovate is a corporate venture capital firm based in Bangkok, Thailand. It focuses on strategic investments to support startups' growth, with a USD150 million fund dedicated to domestic and international startups related to its business or customers. The firm invests primarily in the information technology sector, including e-commerce, fintech, blockchain, AI, and cybersecurity.

Kampanat (Jom) Vimolnoht

Head of Venture Capital Investment

Palida Artispong

Head of Portfolio Growth and Acting Managing Director

29 past transactions

24 FIX

Series B in 2024
Founded in 2018, 24 FIX specializes in end-to-end home maintenance services. Unlike matchmaking platforms, they control the process from start to finish, ensuring high-quality service. Their platform offers solutions for washing machines, air conditioners, cleaning, electrical and plumbing work, painting, and more. With over 500 active fixer teams and material vendor stores, they aim to deliver innovative solutions for better living.

Ascend Money

Venture Round in 2024
Ascend Money is a fintech startup company that delivers e-payment and micro-lending products.

Klook

Series E in 2023
Klook is a global online platform facilitating the booking of travel experiences, services, and accommodations. It offers a wide array of activities such as tours, theme park tickets, cultural experiences, and adventure activities across numerous destinations worldwide. Additionally, Klook provides essential travel services like public transport passes, airport transfers, car rentals, SIM cards/eSIMs, and dining reservations to cater to various aspects of travel planning.

Finnomena

Series B in 2023
Finnomena is a digital wealth management platform that caters to both investors and financial advisers. Founded by a management team with extensive experience in global financial institutions, the company leverages proprietary machine learning technology and a hybrid robo-advisory model to enhance investment performance and user experience. Finnomena offers a fully integrated platform that includes professionally generated investment content through its investor knowledge hub, which attracts over 15 million monthly views and has a substantial social media following. Additionally, the platform provides a fund supermart service and an investment and portfolio management application that helps users define their financial goals, manage their portfolios, and receive tailored investment recommendations based on their risk preferences.

24 FIX

Series A in 2022
Founded in 2018, 24 FIX specializes in end-to-end home maintenance services. Unlike matchmaking platforms, they control the process from start to finish, ensuring high-quality service. Their platform offers solutions for washing machines, air conditioners, cleaning, electrical and plumbing work, painting, and more. With over 500 active fixer teams and material vendor stores, they aim to deliver innovative solutions for better living.

Choco CRM

Series C in 2022
Choco Card Enterprise Co., Ltd. operates a digital customer relationship management platform that specializes in providing tools for marketing and customer engagement. Founded in 2014 and headquartered in Bangkok, Thailand, the company offers services including coupon management, mobile application development, and backend management to assist brands in maintaining a customer database. Through its loyalty programs, Choco Card aims to enhance brand loyalty and drive sales for small and medium-sized businesses by delivering personalized rewards and promotions. The platform is recognized as a leading solution in Thailand for both customer relationship management and point-of-sale systems.

ADDX

Series B in 2022
ADDX operates a digital securities exchange regulated by Singapore's MAS. It uses blockchain technology to automate processes across various asset classes, enabling fractional investments with lower minimum ticket sizes ($20,000 vs $1M), making private market opportunities more accessible to accredited individual investors.

FWX

Seed Round in 2022
FWX is a decentralized derivatives platform where users trade against the protocol, while the protocol fully hedges the risk of all positions using liquidity in its pools. FWX has two primary services: lending and borrowing pools and derivatives trading. Unlike the traditional order-book-based double auction matching mechanism, FWX acts as a counterparty to all futures traders and applies a unique hedging algorithm to eliminate the risk using the liquidity in its single-token lending pools. Every futures trade submitted to the platform creates organic borrowing demand in the pools. This solves the problem currently faced by lending platforms in which there are many lenders but significantly fewer borrowers. The higher the trading volume, the higher the yield. With the daily trading volume of 500kUSD, FWX can generate organic yield of at least 20% for a 5mUSD pool.

ADDX

Series B in 2022
ADDX operates a digital securities exchange regulated by Singapore's MAS. It uses blockchain technology to automate processes across various asset classes, enabling fractional investments with lower minimum ticket sizes ($20,000 vs $1M), making private market opportunities more accessible to accredited individual investors.

Zipmex

Series B in 2022
Zipmex is a company that develops a digital asset exchange platform aimed at facilitating secure cryptocurrency investments for both retail and institutional investors. Founded in August 2018 by Akalarp Yimwilai and Marcus Lim in Singapore, the platform allows users to access a diverse range of investment opportunities, including asset-backed digital assets such as gold and real estate, as well as established cryptocurrencies with significant wealth generation potential. Zipmex prioritizes security, employing institutional custody for digital assets insured up to US$100 million. The company is currently licensed to operate in Thailand and Australia, with plans to expand its licensing to Indonesia and Singapore. The platform offers advanced trading features and charting tools, ensuring that users worldwide have the necessary support and resources to navigate the cryptocurrency market effectively.

PEAK

Series A in 2021
PEAK is a prominent online accounting software provider in Thailand, catering primarily to small and medium-sized enterprises (SMEs). The company manages nearly 100,000 transactions valued at over 2 billion baht each month, significantly streamlining accounting processes for its users. By reducing paperwork and automating accounting tasks, PEAK enhances productivity and efficiency, allowing businesses to focus on growth. Additionally, the platform improves access to financial resources, increasing the likelihood of securing loans for expansion. Supported by True Incube and backed by investments from True, GSB, and SET, PEAK has garnered several awards for its innovative solutions, positioning itself as a key player in developing the infrastructure needed for a data-driven economy in Thailand.

Zipmex

Series B in 2021
Zipmex is a company that develops a digital asset exchange platform aimed at facilitating secure cryptocurrency investments for both retail and institutional investors. Founded in August 2018 by Akalarp Yimwilai and Marcus Lim in Singapore, the platform allows users to access a diverse range of investment opportunities, including asset-backed digital assets such as gold and real estate, as well as established cryptocurrencies with significant wealth generation potential. Zipmex prioritizes security, employing institutional custody for digital assets insured up to US$100 million. The company is currently licensed to operate in Thailand and Australia, with plans to expand its licensing to Indonesia and Singapore. The platform offers advanced trading features and charting tools, ensuring that users worldwide have the necessary support and resources to navigate the cryptocurrency market effectively.

Builk

Series B in 2021
Builk Asia Co., Ltd. is a Bangkok-based company that specializes in providing construction project management software solutions. Founded in 2009, Builk offers tools such as CostControl, which enables users to manage project budgets and create essential construction documents like RFQs, POs, and invoices in a cloud environment. This software also allows project managers to access real-time reports on project summaries, costs, and income. Additionally, Builk's SiteWalk feature facilitates instant communication and issue resolution among project teams, enabling collaboration with both internal and external stakeholders. By integrating these functionalities, Builk streamlines the construction process, allowing companies to enhance efficiency and maintain better financial oversight.

WISESIGHT

Series B in 2021
Wisesight utilizes social media data for analytics, synthesizing, and unlocking the potential of Raw Data to make it become Valuable Data. utilize Social Data for analyzing, synthesizing, and unlocking the potential of Raw Data in order to make it become Valuable Data which can make benefits for more than 200 brands and agencies in every industry by more than 200 developers, researchers, operator,s and supporters in Bangkok. Our services are cover Thai, English, Burmese and Malay languages, processing the data via Social Media for more than 20 million messages a day.

Flash Express

Series E in 2021
Flash Express is a logistics company established in 2017, headquartered in Bangkok, Thailand. It specializes in door-to-door freight pickup and delivery services, utilizing proprietary technology and big data to enhance operational efficiency and offer competitive pricing. The company also provides additional services such as large item delivery, goods storage, parcel delivery agent service, and financial services.

Choco CRM

Series B in 2021
Choco Card Enterprise Co., Ltd. operates a digital customer relationship management platform that specializes in providing tools for marketing and customer engagement. Founded in 2014 and headquartered in Bangkok, Thailand, the company offers services including coupon management, mobile application development, and backend management to assist brands in maintaining a customer database. Through its loyalty programs, Choco Card aims to enhance brand loyalty and drive sales for small and medium-sized businesses by delivering personalized rewards and promotions. The platform is recognized as a leading solution in Thailand for both customer relationship management and point-of-sale systems.

AppMan

Series A in 2021
AppMan specializes in digital solutions for life insurance providers. It serves top insurers in Thailand and Asia by enhancing sales experiences through its AgentMate platform, which offers modular electronic Point of Sale solutions.

Flash Express

Series D in 2020
Flash Express is a logistics company established in 2017, headquartered in Bangkok, Thailand. It specializes in door-to-door freight pickup and delivery services, utilizing proprietary technology and big data to enhance operational efficiency and offer competitive pricing. The company also provides additional services such as large item delivery, goods storage, parcel delivery agent service, and financial services.

Ricult

Funding Round in 2020
Founded in 2015, Ricult operates an online marketplace connecting farmers with input suppliers and crop buyers. Its platform uses data analytics, including credit scoring algorithms and predictive tools, to facilitate transactions based on farmer's creditworthiness. It also provides farm management insights using GIS, remote sensing, and weather studies to enhance yields. Additionally, the platform offers loan services.

Grab

Series I in 2020
Grab is a Southeast Asia-based mobile platform that integrates ride-hailing, food and grocery delivery, and financial services, connecting drivers, merchants, and customers through a single app. It operates in Singapore, Indonesia, the Philippines, Malaysia, Thailand, Vietnam, and Myanmar, and holds a leading market share in ride-hailing and food delivery, with 89% of revenue derived from these core businesses. The company also offers payments, consumer loans, and enterprise financial services. It charges commissions to both riders and merchants as it links them with consumers. Founded in 2012 by Anthony Tan and Tan Hooi Ling, Grab is headquartered in Singapore and maintains offices in Seattle, Beijing, Bangalore, Jakarta, and Vietnam. In 2024, Singapore, Indonesia, and Malaysia together contributed more than 70% of revenue.

Finnomena

Series B in 2020
Finnomena is a digital wealth management platform that caters to both investors and financial advisers. Founded by a management team with extensive experience in global financial institutions, the company leverages proprietary machine learning technology and a hybrid robo-advisory model to enhance investment performance and user experience. Finnomena offers a fully integrated platform that includes professionally generated investment content through its investor knowledge hub, which attracts over 15 million monthly views and has a substantial social media following. Additionally, the platform provides a fund supermart service and an investment and portfolio management application that helps users define their financial goals, manage their portfolios, and receive tailored investment recommendations based on their risk preferences.

Baania

Series B in 2019
Founded in 2016, Baania is Thailand's leading online marketplace and data platform for residential properties. It connects consumers with professionals, offering services such as property search, listing, verification, automated valuation (Bestimate ©), and insights to empower informed decisions regarding buying, selling, renting, and financing homes.

Choco CRM

Series A in 2019
Choco Card Enterprise Co., Ltd. operates a digital customer relationship management platform that specializes in providing tools for marketing and customer engagement. Founded in 2014 and headquartered in Bangkok, Thailand, the company offers services including coupon management, mobile application development, and backend management to assist brands in maintaining a customer database. Through its loyalty programs, Choco Card aims to enhance brand loyalty and drive sales for small and medium-sized businesses by delivering personalized rewards and promotions. The platform is recognized as a leading solution in Thailand for both customer relationship management and point-of-sale systems.

Silot

Series A in 2019
Silot is a developer of intelligent banking software that focuses on transforming financial institutions in Southeast Asia through advanced artificial intelligence and knowledge graph technology. The company's solutions aim to enhance the operational efficiency of banks by integrating various functional silos, such as payments, onboarding, merchant management, and anti-fraud measures. By leveraging AI and blockchain, Silot empowers banks to improve their decision-making capabilities and facilitate seamless access to information. This innovative approach seeks to usher in a new era of intelligent banking, enabling institutions to operate more effectively and respond dynamically to the evolving financial landscape.

Baania

Series A in 2018
Founded in 2016, Baania is Thailand's leading online marketplace and data platform for residential properties. It connects consumers with professionals, offering services such as property search, listing, verification, automated valuation (Bestimate ©), and insights to empower informed decisions regarding buying, selling, renting, and financing homes.

Omise

Series B in 2017
Omise Co., Ltd. is a Bangkok-based company founded in 2013 that develops and operates an online payment platform designed for seamless integration on both web and mobile. The platform facilitates money transfers to third-party bank accounts, enables refunds to customers, and allows users to store payment information for future transactions. Omise caters to businesses by offering a variety of payment processing solutions, addressing the challenges faced by online stores in Thailand, Japan, and Singapore, where the existing payment systems often require cumbersome documentation and high fees. The company aims to simplify the payment process, enabling instant acceptance of credit and debit card payments, as well as bill payments through online banking and ATMs. Omise also provides APIs for developers, ensuring easy integration and high security standards, as evidenced by its compliance with PCI-DSS 3.1. The company's mission is to enhance the online payment experience, bridging the gap between physical and digital transactions for both merchants and consumers.

Finnomena

Series A in 2017
Finnomena is a digital wealth management platform that caters to both investors and financial advisers. Founded by a management team with extensive experience in global financial institutions, the company leverages proprietary machine learning technology and a hybrid robo-advisory model to enhance investment performance and user experience. Finnomena offers a fully integrated platform that includes professionally generated investment content through its investor knowledge hub, which attracts over 15 million monthly views and has a substantial social media following. Additionally, the platform provides a fund supermart service and an investment and portfolio management application that helps users define their financial goals, manage their portfolios, and receive tailored investment recommendations based on their risk preferences.
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