SE Asia Digest: Thai Kbank rolls out startup project; Beam expands to Malaysia

Photo: Beam

Thailand’s Kbank will roll out a programme to develop the startup ecosystem while Singapore-based Beam e-scooter has set up its operations in Kuala Lumpur.

Thailand’s Kbank launches KATALYST programme

KBank, Thailand’s third-largest lender, has launched its KATALYST project to help startups work with the bank, Thailand Business News reported.

Startups participating in the KATALYST project will get an opportunity to make a campaign with KBank, which has a customer base of over 14.5 million.

They will also have a chance to bolster their capital via Beacon Venture Capital, a KBank’s venture capital arm, and expand their business abroad via KVision Co Ltd., which is the bank’s established holding company to invest in startups and explore innovation at a regional level.

Kbank’s Kvision recently has set aside of $245 million budget to invest in tech startups in ASEAN, China, Japan and Korea that can help the bank expand regionally.

Beam expands to Kuala Lumpur

Beam, a Singapore-based e-scooter rides startup, is expanding its operations to Kuala Lumpur, the company said in a statement.

Beam will make available about 200 e-scooters at designated parking areas in Bukit Bintang, Lot 10 mall, and Mount Kiara township, in which it usually nearby the public transportation, local attractions, and has concrete pavements or footpaths.

The e-scooter rides will cost riders about $0.8, with an additional $30 cents for an extra minute that comes up with additional services and insurances. It can travel up to 50 km before it needs to be recharged.