Fintech Companies in Thailand: Growth and Innovation

Thailand’s fintech industry is rapidly growing, with numerous companies securing significant funding to accelerate their growth and expansion. Here are some key points about the top fintech companies in Thailand:

Roojai

Accelerating Growth and Expansion

• Raised US$69 million in funding, including a US$42 million Series B secured in March 2023
• Will use funds to accelerate growth in Thailand, fuel expansion in Indonesia and across Southeast Asia, and pursue acquisition opportunities

SCB Abacus

Quick Loan Disbursements and Mobile App Success

• Raised US$20 million in July 2022, bringing total funding to THB 1.5 billion (US$43.5 million)
• Claims its MoneyThunder platform can approve and disburse loans in just 15 minutes
• Has had over eight million downloads of its mobile app

Monix

Digital Lending Solutions for Underbanked People

• Raised US$40 million, including a US$20 million first close of its pre-IPO fundraising in February 2023
• Operates FINNIX, a digital lending app providing unsecured lending solutions for underbanked people in Thailand
• Claims to have recorded US$458 million in loan disbursements to over 650,000 users as of 2022

Rabbit Care

Insurance and Financial Product Marketplace

• Raised a total of THB 850 million (US$24.6 million) since its inception
• Operates a marketplace for insurance and financial products
• Has more than four million customers and generated THB 3 billion (US$87.4 million) in insurance premium in 2022

Finnomena

Investment and Portfolio Management App

• Raised US$13.5 million, including a US$10 million Series B secured in January 2020
• Develops an investment and portfolio management app designed to help users invest and manage their financial goals
• Has reached THB 30 billion (US$867 million) in assets under management (AUM) in H1 2021