MONIX, a Bangkok-based fintech startup which operates digital lending app FINNIX, has racked up $20 million in the first close of its pre-initial public offering (IPO) fundraising round.
The fresh capital injection was led by Siam Commercial Bank’s parent company, SCBX; and Lombard Asia, a Southeast Asia-based growth private equity firm, boosting the startup’s total funding to $40 million to date, according to a statement on Wednesday.
