Thailand’s tech news snapshot for February 2023 covers items in areas including new venture capital funding availability for Thailand’s startups, the challenges faced in finding government funding for Thai startups, the draw-down of China’s JD e-commerce service in the country, and more.
For ongoing daily and weekly updates, see our other editions.
CSET: Chinese AI Investment in Southeast Asia
- Thailand: Eazy Digital gains $850K with SaaS digital platforms for insurance firms, spanning agent management, operations, referrals and engagement and focusing on insurance SMEs
- Thailand: “…early-stage startups typically need a minimum of $500,000 to operate within 1-2 years, while these [government] programmes normally provide around $20,000 to $150,000.”
- Thailand: Bank of Ayudhya’s Krungsri Finnovate corporate VC arm partners Tarad e-commerce major for 1-billion-baht fund for pre-Series A startups
- Download: ‘Future of the Thai startup and venture capital ecosystem’ from Deloitte
Thailand: “…fintech was the top startup category in Thailand in 2022…followed by e-commerce and business solutions…fintech sector accounts for 60% of total capital funding since 2020.”
- Thailand: Stripe payments infra giant partners Krungsri Finnovate, corporate VC of Bank of Ayudhya, and 500 Startups’ Thailand arm to help startups scale locally and globally
- China’s JD e-commerce major to end services in Thailand and Indonesia, with online shopping sites in both countries to stop taking orders from mid-February
Deloitte: 2023 Semiconductor Industry Outlook
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