Selected from 199 applications across 32 countries, eight startups have successfully completed the 12-week intensive program at Bangkok Bank, receiving expert coaching and advice from dedicated mentors within the Bank and its corporate innovation partner, Nest, in areas such as technology, business development and finance in the context of market and regulatory conditions in Thailand and the ASEAN Economic Community or AEC.
The eight startups comprise three startups from Singapore focused on wealth-management services – Bambu, Bento, and Canopy; Covr Security (Sweden), which provides innovative mobile security services; Everex (Thailand), which offers blockchain-based financial services; First Circle (Philippines), which focuses on SME lending services; Invoice Interchange (Singapore), which offers an invoice financing platform; and FundRadars (Thailand), which provides an application for mutual fund investors.
“Bangkok Bank is determined to be a leader in innovation. InnoHub is part of our commitment to pursue a digital business strategy that uses technology to create and develop products and services to help meet our customers’ needs and enhance their financial lifestyles,” said Bangkok Bank President Chartsiri Sophonpanich.
Bangkok Bank Vice President for Business Investment Dr. Panukorn Chantaraprapab, an InnoHub mentor, said: “The program’s mentors were drawn from different parts of the Bank and its subsidiaries, and have worked closely together with these world-class startups in a very dynamic and collaborative way. This work will continue and we are looking forward to a very exciting time ahead.”
They are now looking to form partnerships and attract investment to further their innovative work.
Thailand’s first global Fintech accelerator program, Bangkok Bank InnoHub, has completed its inaugural program with the eight participating startups pitching their innovative technologies to Thai and international investors on Demo Day