SCB 10X

SCB 10X is a corporate venture capital subsidiary of Siam Commercial Bank, established in 2020 and headquartered in Bangkok, Thailand. The company is dedicated to creating long-term value by investing in exponential technologies and supporting innovative entrepreneurs. SCB 10X focuses on sectors such as financial services, information technology, artificial intelligence, blockchain, software as a service, big data, insurance technology, virtual reality, and robotics. With a global investment strategy, it seeks opportunities particularly in the United States, China, Israel, and Southeast Asia. The firm aims to empower underserved markets and foster partnerships that drive technological advancement.

Varit Ruangsiri

Venture Builder

Arak Sutivong

CEO and Director

Pailin Vichakul

COO and Partner, Venture Capital

Vorawan Wangpanitkul

Partner

Past deals in Thailand

RakkaR Digital

Seed Round in 2022
RakkaR Digital provides custody and related services for digital assets, focusing on the security and protection of these assets from unauthorized access and cyber threats. Operating primarily in Hong Kong, ASEAN, and various other countries, including Singapore and Thailand, the company aims to support enterprises and institutions in securely storing and accessing digital assets and cryptocurrencies. RakkaR Digital is committed to expanding its presence in the region, offering clients a reliable solution for managing their digital assets in an increasingly digital financial landscape.

MyCloudFulfillment

Series B in 2021
MyCloudFulfillment is a Thailand-based e-commerce fulfillment service that provides comprehensive warehousing solutions for e-commerce and multi-channel businesses. The company operates an order management platform specifically designed for the Southeast Asian market, offering full API access to various marketplaces, websites, and social commerce platforms. With three warehouses totaling 15,000 square meters, MyCloudFulfillment efficiently manages the logistics of storing, packing, and shipping products for up to 500 clients. Its platform streamlines the flow of online orders and stock updates, facilitating seamless integration with multiple sales channels and enhancing operational efficiency for its customers.

Sunday

Series B in 2021
Founded in Thailand in 2017, Sunday is the first full-stack InsurTech group adopting data models and technology to offer multiple insurance products and services across the entire customer journey. The company provides auto insurance, health insurance, and travel insurance. Sunday reinvents the entire insurance offering and experience to ensure that customers' needs are met anytime, anywhere.

Flash Express

Series E in 2021
Flash Express, established in 2017 and based in Bangkok, Thailand, specializes in door-to-door freight pickup and delivery services. Leveraging in-house developed technology and big data, the company streamlines and digitizes its delivery processes, enhancing operational efficiency and offering competitive pricing. Beyond its core service, Flash Express also provides a suite of integrated e-commerce services, including large item delivery (Flash Logistics), goods storage (Flash Fulfillment), parcel delivery agent service (Flash Home), and financial services (Flash Money), all under the Flash Group umbrella.

MyCloudFulfillment

Series A in 2020
MyCloudFulfillment is a Thailand-based e-commerce fulfillment service that provides comprehensive warehousing solutions for e-commerce and multi-channel businesses. The company operates an order management platform specifically designed for the Southeast Asian market, offering full API access to various marketplaces, websites, and social commerce platforms. With three warehouses totaling 15,000 square meters, MyCloudFulfillment efficiently manages the logistics of storing, packing, and shipping products for up to 500 clients. Its platform streamlines the flow of online orders and stock updates, facilitating seamless integration with multiple sales channels and enhancing operational efficiency for its customers.

Sunday

Series A in 2020
Founded in Thailand in 2017, Sunday is the first full-stack InsurTech group adopting data models and technology to offer multiple insurance products and services across the entire customer journey. The company provides auto insurance, health insurance, and travel insurance. Sunday reinvents the entire insurance offering and experience to ensure that customers' needs are met anytime, anywhere.

Omise

Series C in 2020
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.

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 is a prominent property service platform in Thailand that caters to various cleaning and maintenance needs. The company operates an online marketplace that connects service seekers with local laborers, offering instant access to maids and technicians on demand. By utilizing a digital medium, Seekster streamlines the process of finding and hiring service providers, allowing clients to efficiently manage their chores while saving time and money. The platform also tracks the services rendered, enhancing the overall customer experience.
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