Thai lender KBANK to launch fintech-focussed fund of funds

Kasikorn Bank (KBANK), one of the country’s major commercial banks, is setting up a venture capital fund to invest in financial-technology products and services as well as support the creation of new innovation, the bank’s president Teeranun Srihong told the media last week.

Set to be launched in the fourth quarter this year, the newly-established fund will both work as the fund of funds and inject the capital into high potential startups directly.

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