FINNOVATE

OUR
INVESTMENT PHILOSOPHY

Corporate Venture Capital (CVC)

Krungsri Finnovate allocates venture capital for startups with the aim of becoming strategic investor and selects startups with a strategic connection to the Bank’s Businesses.

Investment Stage

From Series A onwards

Income

Some revenue following the commencement of business operations

Amount per Allocation

Minimum USD 1 million

Technologies of interest

E-commerce
Logistic, Fulfillment and Supply chain
Digital E-wallet, Online and Offline Payment
Blockchain
Lending
Robo and Wealth Advisor

Insurtech
Personal and Business Management
Artificial Intelligence/ Machine Learning
Cross Border Remittance
Cybersecurity

PORTFOLIO COMPANIES

FINNOMENA

Lead Series A (2017)
+ Follow-on B (2019)

Finnomena provides Robo advisory and wealth management services
Winner of Krungsri RISE Accelerator (Batch 1)
Collaboration between Robo advisory of Finnomena, KSE and KSAM

OPN

Series B+ (2017)

Omise is a leading online payment gateway
Omise is a partnership that takes onboard clients that receive payment of funds using advanced technology and demonstrates its capacity to complete transactions rapidly as well as to provide an excellent experience to corporate clients

BAANIA

Lead Series A (2018)
Co-lead Series B (2019)

Baania provides Big data for the real estate business
Baania created a platform called the Intelligence Valuation System for the use by the Bank, which will reduce costs and save time in the asset valuation process
Winner of Krungsri RISE Accelerator (Batch 2)

SBI AI AND BLOCKCHAIN FUND

FUND OF FUNDS (2018)

The leading VC fund on a global scale that focuses on investments in Blockchain technology and Artificial Intelligence

SILOT

Series A (2019)

Silot provides an AI/ML platform and data/insight management for financial institutions
Silot adjusts the level of security and efficiency of Krungsri’s payment system

CHOCOCRM

SERIES A+ (2019)
SERIES B (2020)
SERIES C (2022)

CHOCOCRM provides a POS / CRM system and Customer Data Platform (CDP) for corporate clients
Krungsri RISE Accelerator Rising Star (Batch 3)
CHOCOCRM develops a rewards redemption system for Krungsri Auto and works on forming bundle packages with Krungsri corporate clients

GRAB

Series H (2020)

An application that provides services in the field of transportation, food delivery, and financial services
Krungsri is a member of a partnership for the provision of services and development of financial products to clients, drivers, and retail customers on Grab, such as motorcycle/auto loans, and personal loans

ICON FRAMEWORK

Series A (2020)

ICON Framework provides CRM / ERP for the real estate business
ICON Framework develops a system for Krungsri’s home loans via an online platform

RICULT

Pre-Series A (2020)

Ricult provides AI/ML, analyzes data on agriculture to farmers and agricultural farms
Ricult develops data and technologies for the granting of credit facilities to Krungsri clients

Flash

Series D (2020)
Series E (2021)

E-commerce Logistics
Synergy on financial solutions for Flash Money to Flash’s ecosystem
Co-invested with PTTOR (Lead) and TCP

Appman

Series A (2020)
Pre-Series B (2022)

Digital Insurance Distribution
Krungsri RISE family (Batch 1)
Krungsri as preferred bank partner to adopt newly developed InsurTech
Co-invested with Siam Alpha Equity, TQM

Wisesight

Series B (2021)

Social Data Analytics

Social analytics tool and research for Krungsri Group
Strategic collaboration to develop data-driven products and services

BuilkOne

Series B (2021)

Construction Tech

SaaS/ Software Development and e-Commerce for Construction industry and Real Estate Developer

Zipmex

Series B (2021)

Digital Asset Platform

Global digital assets exchange
Offer digital assets-based lending and payment

Peak

Series A (2021)

Cloud Accounting Platform

Cloud accounting solution provider for SME and startups
Krungsri as preferred partner to offer the newest technology abs cloud accounting solutions to SME customers