The startup will deploy around 20 per cent of the proceeds to support its expansion to Indonesia.
The round was joined by Dunamu & Partners, an investment arm of Korean fintech company Dunamu, and SeaX, a VC fund that invests in early-stage deep te
Six Senses currently manages 16 hotels and resorts, with 18 management contracts signed in its pipeline, and over 50 more deals under active discussio
Jitta, founded in January 2014, uses Big Data to analyze business financials and automate portfolio management.
The finance ministry holds a 25.9 per cent stake in TMB, followed by ING which owns 25 per cent.
According to local media reports, the investors have acquired a 25 per cent stake in the startup.
Investing in global funds could help it source investments beyond Southeast Asia, such as in Europe, Israel or the US.
Launched in 2017, Krungsri Finnovate was set up with a corpus of $30 million, which should be entirely deployed by the end of 2019.
The investment will allow it to further expand its clean energy business in the Asia-Pacific region.
Hushed word on the street is that top lieutenants and members of the early founding team have mostly left.
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