SCB 10X

SCB 10X is the corporate venture capital arm of Siam Commercial Bank, established in 2020 and headquartered in Bangkok, Thailand. The organization focuses on creating long-term value by investing in exponential technologies and supporting passionate entrepreneurs. SCB 10X aims to empower underserved markets and foster successful partnerships. The firm has deployed capital globally, targeting sectors such as financial services, information technology, artificial intelligence, blockchain, software as a service (SaaS), big data, insurance technology, virtual reality, and robotics. Its investment activities primarily span the United States, China, Israel, and Southeast Asia, positioning SCB 10X at the forefront of technological advancement.

Putikarn Aurat

Managing Director

Pornvut Kovanthanakul

Associate

Net Chanakarn Muangmangkhang

Investor

Kaweepol Panpheng

Principal

Saranporn Phantumano

Principal

Varit Ruangsiri

Venture Builder

Pailin (Pie) Vichakul

Partner

Vorawan Wangpanitkul

Principal

Rujipol V.

Principal

Krissadee (Louis) Tulyaanukij

Associate

35 past transactions

Talos

Series B in 2022
Talos Trading, Inc. is a technology provider focused on the institutional trading of digital assets, facilitating a comprehensive trading lifecycle that includes pre-trade price discovery, order routing, execution, and settlement. Founded in 2018 and based in New York, the company offers a platform that connects various participants in the crypto ecosystem, including institutional investors, prime brokers, exchanges, OTC desks, lenders, and custodians. This infrastructure enables clients to efficiently execute, analyze, and settle trades across spot, futures, and foreign exchange markets. Talos Trading's solutions support real-time price streaming, portfolio accounting, and liquidity access, catering to the needs of its diverse clientele in the rapidly evolving digital asset market.

Spruce

Series A in 2022
We are creating a suite of products around a WYSIWYG form builder called Intake that helps operations managers implement killer document collection and processing workflows. Passports can be fed to KYC verifiers, purchase orders can create approval requests, and DocuSign becomes a streamlined step in your onboarding flow. Files end up in predictable and safe places such as Box.com, and people can see where they are in your intake process if you enable their dashboards.

Darwinbox

Series D in 2022
Darwinbox Digital Solutions Pvt. Ltd. is a Hyderabad-based company that specializes in developing cloud-based integrated human resource management and analytics solutions. Founded in 2015, Darwinbox offers a comprehensive HRMS platform designed to enhance employee engagement and streamline HR processes across various functions, including onboarding, payroll, attendance, performance management, and talent management. The platform employs artificial intelligence and machine learning to provide features such as an HR voicebot and advanced talent analytics. Recognized as one of the leading human capital management platforms in the Asia-Pacific region, Darwinbox serves over 350 global enterprises, including prominent names like Arvind, Dr. Reddys, and Swiggy, and has a user base of more than 850,000 employees. The company aims to transform the relationship between the workforce and technology, supported by investments from notable firms such as Sequoia Capital and Lightspeed.

Nansen

Series B in 2021
Nansen Limited is a company that develops a blockchain analytics platform designed to assist cryptocurrency investors in identifying opportunities and managing their portfolios. Founded in 2019 and based in Wan Chai, Hong Kong, Nansen combines on-chain data with a comprehensive database to enhance the analysis of cryptocurrency transactions. Its platform provides features such as wallet labeling, transaction tracing, and real-time alerts, enabling users to conduct due diligence and make informed investment decisions. By enriching on-chain data, Nansen aims to facilitate more efficient operations for investors in the rapidly evolving cryptocurrency market.

MyCloudFulfillment

Series B in 2021
Operator of an order management platform intended to manage the product flow. The company's platform effectively flows online orders and updates stocks to marketplaces through its application programming interfaces, enabling businesses to store, pack, and ship their products.

The Sandbox

Series B in 2021
The Sandbox is a video game and entertainment platform developed by Pixowl and Animoca, founded in 2012 and based in the United States. It operates as a decentralized, community-driven environment where users can create voxel assets and gaming experiences, leveraging blockchain technology for monetization. The platform comprises three primary components: an NFT builder that allows users to create unique digital assets, a Marketplace for buying and selling these assets, and a Game Maker that enables users to design and share their own games. This structure fosters a creative ecosystem for both developers and players, enhancing user engagement and interaction within the gaming community.

Metrika

Series A in 2021
Developer of a blockchain-based operational intelligence platform designed to monitor, analyze, and provide actionable insights for decentralized systems. The company's platform helps to keep blockchain networks up and running and it identifies the anomalies affecting performance that require action, enabling companies to improve reliability and performance, ultimately contributing to growth worldwide.

Sunday

Series B in 2021
Sunday Ins Co., Ltd. is an insurance technology company based in Bangkok, Thailand, founded in 2017. It provides a range of insurance products, including health, motor, travel, and electronics protection, through an online platform. The company aims to enhance the insurance experience by offering a user-friendly app that allows businesses and individuals to manage their insurance needs. This app facilitates access to claim data, health information, and employee welfare planning, while also streamlining claim submissions and management of employee benefits. By personalizing coverage options and simplifying the claims process, Sunday seeks to make insurance more accessible and transparent, thereby supporting sustainable living and quality healthcare for its clients.

Sunday

Series B in 2021
Sunday Ins Co., Ltd. is an insurance technology company based in Bangkok, Thailand, founded in 2017. It provides a range of insurance products, including health, motor, travel, and electronics protection, through an online platform. The company aims to enhance the insurance experience by offering a user-friendly app that allows businesses and individuals to manage their insurance needs. This app facilitates access to claim data, health information, and employee welfare planning, while also streamlining claim submissions and management of employee benefits. By personalizing coverage options and simplifying the claims process, Sunday seeks to make insurance more accessible and transparent, thereby supporting sustainable living and quality healthcare for its clients.

Fireblocks

Series D in 2021
Fireblocks Inc. is a New York-based company founded in 2018 that specializes in blockchain-based security services for managing digital assets. The platform provides a secure method for transferring digital assets between exchanges, wallets, custodians, and counterparties, ensuring the safe transmission of these assets in transit. Focused on financial institutions, Fireblocks utilizes patent-pending chip isolation security and model predictive control technology to enhance the protection of digital assets. Additionally, the company has a presence in Tel Aviv, Israel, further supporting its global operations.

Ape Board

Seed Round in 2021
Ape Board operates as a decentralized finance (DeFi) platform that functions as a crypto-asset aggregator and portfolio dashboard. The platform enables users to track their crypto assets and offers a comprehensive view of their DeFi portfolios. It provides actionable insights, allowing users to monitor balances, calculate yield projections, and manage risks, including impermanent loss. By linking investments across various DeFi protocols, Ape Board simplifies the management of digital assets, making it easier for users to navigate the complexities of the cryptocurrency landscape.

Flash Express

Series E in 2021
Flash Express Co., Ltd. is a logistics and transportation company based in Bangkok, Thailand, established in 2017. It specializes in door-to-door freight pickup and delivery services, utilizing in-house developed technology and big data to enhance efficiency and standardize operations. The company offers a range of services designed to support e-commerce, including Flash Logistics for large item deliveries, Flash Fulfillment for goods storage, Flash Home for parcel delivery, and Flash Money for financial services. Additionally, Flash Express provides a mobile application, Flash APP, allowing users to track and manage their shipments effectively. Through its integrated approach, the company aims to deliver fast, transparent, and cost-effective solutions for its clients.

Anchorage

Series C in 2021
Anchorage is a crypto-native Qualified Custodian catering to institutional investors, providing a secure platform for trading, staking, and governance of digital assets. Founded in 2017 by former security engineers from Square and Docker, the company is headquartered in San Francisco, California. Anchorage has developed a regulated platform that emphasizes security and usability, facilitating simple participation in digital assets while ensuring robust custody solutions. The firm has attracted significant funding from prominent investors and serves a clientele that includes many of the largest and most recognized names in the cryptocurrency industry, positioning itself as a leader in the space.

OhmniLabs

Series A in 2020
OhmniLabs, Inc. is a company based in Santa Clara, California, that specializes in manufacturing robots designed to assist the elderly and their families in combating loneliness. Founded in 2015, the company focuses on creating affordable and user-friendly personal robots that enable virtual companionship and care for seniors. These robots aim to enhance the quality of life for elderly individuals by facilitating on-demand access to medical professionals, such as nurses and doctors, directly in their homes. OhmniLabs' products cater to both retirement living communities and private residences, providing families with peace of mind while improving the overall well-being of their loved ones.

Vonder

Seed Round in 2020
Vonder (Thailand) Co. Ltd. is a company that specializes in microlearning solutions and human resource development platforms. Founded in 2017 and headquartered in Bangkok, Thailand, Vonder focuses on transforming educational content into gamified lessons to enhance student engagement, particularly in underprivileged schools. The company collaborates with corporations to co-create microlearning content for various training needs, including tax, sales, and regulatory compliance. Additionally, Vonder provides a chatbot feature that assists employees by answering their questions and includes a gamified survey tool for HR departments to gather employee feedback. By leveraging a cloud-based learning management system, Vonder aims to deliver effective online training and support talent development in both corporate and educational contexts.

MyCloudFulfillment

Series A in 2020
Operator of an order management platform intended to manage the product flow. The company's platform effectively flows online orders and updates stocks to marketplaces through its application programming interfaces, enabling businesses to store, pack, and ship their products.

Sunday

Series A in 2020
Sunday Ins Co., Ltd. is an insurance technology company based in Bangkok, Thailand, founded in 2017. It provides a range of insurance products, including health, motor, travel, and electronics protection, through an online platform. The company aims to enhance the insurance experience by offering a user-friendly app that allows businesses and individuals to manage their insurance needs. This app facilitates access to claim data, health information, and employee welfare planning, while also streamlining claim submissions and management of employee benefits. By personalizing coverage options and simplifying the claims process, Sunday seeks to make insurance more accessible and transparent, thereby supporting sustainable living and quality healthcare for its clients.

BlockFi

Series C in 2020
BlockFi, Inc. is a financial services company focused on providing wealth management products for cryptocurrency investors. Established in 2017 and headquartered in New York, it offers a range of services including the BlockFi Interest Account, which allows clients to earn interest on their holdings of Bitcoin, Ether, and Gemini Dollar. The company also facilitates secured loans in U.S. dollars, backed by clients' cryptocurrency assets, thereby enhancing liquidity in the blockchain asset market. In addition to lending and interest-earning accounts, BlockFi provides a trading platform for exchanging various cryptocurrency pairs and offers services tailored for institutional clients. By holding clients' digital assets with a registered custodian, BlockFi aims to deliver transparency and efficiency in digital financial markets. The company's mission is to address the evolving needs of both individual and institutional investors in the cryptocurrency space.

Omise

Series C in 2020
Omise Co., Ltd. operates an online payment platform designed for both web and mobile applications, enabling users to easily transfer funds, process refunds, and store customer payment information for future transactions. Founded in 2013 and based in Bangkok, Thailand, Omise aims to simplify the online payment experience, particularly in markets like Thailand, Japan, and Singapore, where traditional payment processing can be cumbersome. The platform provides a range of processing solutions that facilitate seamless payment acceptance for businesses, including credit and debit card transactions and bill payments through various banking methods. Omise also offers APIs for developers to integrate payment functionality into their applications. The company prioritizes security and has achieved compliance with PCI-DSS standards, ensuring that transactions meet the requirements of major payment networks. By addressing the challenges of online payment processing, Omise seeks to create a reliable and user-friendly solution for both merchants and consumers.

Pagaya

Series D in 2020
Pagaya is a financial technology company that specializes in asset management and the lending marketplace through the use of machine learning and big data analytics. Founded in 2016, it focuses on managing institutional money with an emphasis on fixed income and alternative credit, serving clients such as pension funds, insurance companies, and banks. The company utilizes its proprietary technology platform, Pagaya Pulse, which incorporates advanced artificial intelligence and algorithms to optimize performance and scalability. Additionally, Pagaya aims to enhance the credit ecosystem by providing a seamless integration through its API, improving customer experiences and expanding access to credit. The majority of its revenue is generated from the United States, and it operates offices in New York and Tel Aviv.

Flow

Series A in 2020
Founded in 2016, Flow is a credit management company that is transforming the business of unsecured consumer finance through AI technologies and ethical practices in the APAC region. One-size-fits-all approach of traditional debt collection is limiting for both lenders and borrowers. Redefining debt collection begins with creating personalised, digital-first experiences that help consumers overcome their financial difficulties. Flow’s data-driven collection strategies have proven remarkable recovery rates for top financial institutions and have supported over 2.8 million consumers to date.

Currencycloud

Series E in 2020
Currencycloud is a global payments platform that simplifies the process of moving money across borders. It offers businesses an API-based infrastructure that allows developers to create customized payment solutions tailored to their specific needs. The platform facilitates seamless transactions in multiple currencies, providing automated end-to-end payment processes, collection and conversion services, and digital currency management. By handling the complexities and regulatory requirements of cross-border payments, Currencycloud enables clients to integrate financial services into their operations, empowering them to operate more effectively in the digital economy.

Pagaya

Series C in 2019
Pagaya is a financial technology company that specializes in asset management and the lending marketplace through the use of machine learning and big data analytics. Founded in 2016, it focuses on managing institutional money with an emphasis on fixed income and alternative credit, serving clients such as pension funds, insurance companies, and banks. The company utilizes its proprietary technology platform, Pagaya Pulse, which incorporates advanced artificial intelligence and algorithms to optimize performance and scalability. Additionally, Pagaya aims to enhance the credit ecosystem by providing a seamless integration through its API, improving customer experiences and expanding access to credit. The majority of its revenue is generated from the United States, and it operates offices in New York and Tel Aviv.

Demyst

Series B in 2018
Demyst is a company focused on enhancing financial services through the use of data and analytical technology. It addresses the credit-rating challenges faced by financial institutions, aiming to improve access to financial resources and promote financial inclusion. By leveraging innovative data solutions, Demyst seeks to empower firms to make informed credit decisions, ultimately contributing to the advancement of the financial services industry.

1QBit

Series B in 2017
1QB Information Technologies is a quantum computing software company. 1QBit solves computational challenges by recasting problems to harness the power of quantum computing.

IndoorAtlas

Venture Round in 2017
IndoorAtlas offers solutions to developers in building location based apps and scale their plans worldwide. IndoorAtlas helps users answer the key question "Where am I?" indoors. With no additional hardware, no BLE or Wi-Fi needed, its technology offers a moving blue dot with 1-2 meter accuracy on your smartphone in real time. Our patented technology utilizes built-in magnet in smartphones to detect magnetic anomalies inside buildings to help you find your way. IndoorAtlas was founded in 2012 by Professor Janne Haverinen and four PhDs in computer science, as a spin-off from the University in Oulu, Finland. Find us on iOS and Android.

OneStockHome

Seed Round in 2017
OneStockHome is a Thailand-based B2B e-commerce platform founded in 2009 that simplifies the sourcing of building materials by consolidating various products into a single online location. The platform caters to factories by reducing the time and costs associated with distributing information to consumers, while also assisting contractors by streamlining their procurement processes. By providing access to a wide range of materials, including construction steel, roof tiles, PVC pipes, and landscape products, OneStockHome enables contractors to make quicker and more informed decisions for their construction projects. This efficiency ultimately helps project owners save costs by mitigating reliance on unreliable information sources.

Seekster

Seed Round in 2017
Seekster Co., Ltd. operates an on-demand service marketplace based in Bangkok, Thailand, established in 2015. The platform connects households and businesses with qualified professionals for a range of services, including cleaning, maintenance, and repair. Users can access services such as air conditioning repair, tutoring, tailoring, plumbing, and various types of cleaning through the application. By facilitating a digital connection between service seekers and local laborers, Seekster streamlines the process of finding and hiring technicians or maids, allowing clients to save time and resources. The company is recognized as a leading property service platform in Thailand, catering to diverse cleaning and maintenance needs.

PayKey

Series B in 2017
PayKey enables banks to provide their customers with the ability to initiate and complete a range of financial services, including P2P payments, chatbot engagement, balance check, cardless withdrawal, and more, from within any mobile application. Offering a cross-platform banking button on the smartphone’s keyboard boosts the bank’s brand engagement while making the banking experience quick, contextual, and simple for users. Banks are battling to remain relevant as they face an unprecedented competitive environment coupled with changing consumer expectations for instantaneous, highly-efficient, and seamless financial experiences. In a time where consumers expect to access services from any channel at any time, PayKey is helping banks to improve their user experience and boost their brand engagement by enabling their customers to access financial services from within any mobile application.

Pulse iD

Series A in 2017
Pulse iD's clients are increasingly savvy with piecing together a customer’s online world via multiple streams of data. However, a customer’s off-line world is still largely unknown, leaving a lot of friction. Pulse iD is helping enterprise clients to understand the space between their customer's online and offline world. Their scalable solutions mean you can reach your customers, where and when it matters, anywhere along their journey.

Ripple

Series B in 2016
Ripple Labs, Inc. operates a global payments network that leverages blockchain technology to facilitate instant and low-cost international transactions. The company has developed RippleNet, a decentralized platform that connects banks, payment providers, digital asset exchanges, and corporations for seamless global money transfers. Ripple's product offerings include XRP, a digital asset designed for payments; xCurrent, which supports cross-border payment services for banks; xRapid, aimed at payment providers and financial institutions to manage liquidity costs; and xVia, a solution that allows corporates and financial institutions to send payments across networks using a standardized interface. Founded in 2012 and headquartered in San Francisco, California, Ripple has expanded its presence with additional offices in major cities worldwide, including New York, London, Sydney, and Mumbai, among others. The company's solutions not only improve transaction efficiency but also help reduce foreign exchange exposure and counter-party risk for enterprises.
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