By Pramugdha Mamgain
Beacon VC is the venture capital arm of Thai bank Kasikornbank Plc (KBank).
After the deal, Advanced mPAY; Line Pay Corporation and Line Company (Thailand) Co Ltd; and Rabbit Pay System Co will each own 33.33% of the company.
Central expects to launch its previously announced $500 million joint-venture partnership with JD.com by the second quarter.
SCG Performance Chemical has set up a joint venture with Indonesian companies to penetrate the high value-added (HVA) product market.
The financing will help B.Grimm Power expand to new regional markets, including Cambodia, Indonesia and the Philippines.
The long-delayed Future Fund was due for an initial public offering by March last year under an earlier timeline.
The deal marks a foray into Thailand for Manila Water, a subsidiary of the Philippines’ oldest conglomerate Ayala Corporation.
SCB Abacus, has wooed about 30 Thai technology experts from companies abroad to work on projects like the robo-adviser.
They are also banned from allowing clients to use credit cards to buy cryptocurrency.
The financial products comparison site has raised the fresh round from existing backer Thai conglomerate B.Grimm and a new investor, which is a European VC fund.