SCB expands its fintech venture capital programme to US$100m

Siam Commercial Bank (SCB),  has increased its corporate venture capital fund by US$50 million through its FinTech investment arm Digital Ventures, bringing the fund’s total capital base to US$100m and making it the largest venture capital fund in the country. The bank also signaled a shift in focus from fund-of-fund investment towards more direct investment to support its digital transformation strategy.

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