Siam Validus is first foreign fintech firm to get Thai debenture crowdfunding licence
Add BT as a preferred sourceSingapore
CROWDFUNDING platform Siam Validus, a joint venture between Validus and SCG Distribution, is the first foreign fintech firm to be granted a debenture crowdfunding licence by the Securities and Exchange Commission of Thailand (SEC).
The licence will allow Siam Validus to support small and medium-sized enterprises (SMEs) via debt crowdfunding, which is a form of peer-to-peer lending through an approved online funding portal.
TRENDING NOW
Two-thirds of Sentosa Cove resales in the red, with average loss topping S$1 million since 2023
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
After a strong Q2, what’s next for Singapore banks? Analysts see DBS, OCBC ahead on wealth
Laos-China Railway picks up steam, but S-E Asian country struggles to capture gains
