Japanese investors seek Thai tech startups for regional expansion

Thai tech startups have caught the eye of Japanese investors, who are eager to support their growth into regional markets, based on an executive at Bank of Ayudhya (Krungsri). Southeast Asia, and Thailand particularly, are thought of prime investment locations for Japanese buyers, who see potential within the country’s high-growth tech startups.
Bunsei Okubo, head of Japanese corporate and multinational banking at Krungsri, highlighted the opportunity for Japanese traders to back Thai startups in their regional enlargement efforts. Recently, Krungsri and its partners organised the Japan-ASEAN Startup Business Matching Fair 2023, which aimed to provide startups with funding alternatives and help for development beyond ASEAN. Frugal attracted 160 buyers from Japan and the area and featured over 60 startups, including 18 from Thailand.
Okubo said…
“We count on no less than 10 business matching offers to be generated from the event within the next three years including Japanese-Thai deals. Moreover, Krungsri is ready to provide monetary assist and investment via a venture-capital mannequin to help the businesses to develop.”
In addition to financial assistance, Krungsri and its mother or father company, Mitsubishi UFJ Financial Group (MUFG), will supply “total solutions” for startups, including technological expertise, business insights, advisory companies, and networking opportunities.
Sam Tanskul, managing director at Krungsri Innovate, revealed that three Japanese-Thai offers have already materialised under the bank’s enterprise matching venture for small and medium-sized enterprises. Krungsri Innovate just lately invested in a nineteenth local startup, PropTech, and plans to extend capital for the business expansion of four more local startups in the subsequent two months, reported Bangkok Post.
Tanskul also talked about that the corporate is collaborating with MUFG to search for funding alternatives in Vietnamese and Indonesian tech startups, particularly within the fintech sector. This funding strategy aims to support Krungsri’s shopper banking business in the region.
Furthermore, Krungsri Finnovate (KFIN) intends to launch a second non-public fairness (PE) trust fund price 1 billion baht for institutional and high-net-worth traders in the fourth quarter of this yr..

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