by Jitta
Feb 14, 2019 • Last updated: Apr 19, 2019
    KBank unit leads investment move into wealth-tech

    BEACON VC, a corporate venture capital arm of Kasikornbank (KBank), yesterday made its first investment in the emerging wealth management technology (wealth-tech) sector by leading a US$6.5 million investment round of pre-series A funding in Jitta.

    This investment round marks the biggest pre-series A funding for a Thai startup to date.

    Thanapong Na Ranong, managing director of Beacon Venture Capital, said that Jitta has the potential to become the country’s first unicorn because of its unique, proprietary core-technology that can be scaled globally, and its services are directed at the financial industry, which is a huge market globally. 

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