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KBank taps into Vertex’s global investment foresight

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Vertex Ventures Southeast Asia and India has chosen Kasikornbank (KBank) as its first Thai limited partner and first bank investor for Fund III.

“We recognise the Vertex team’s vast experience and successful formula in earlier investments, such as Grab, where Vertex was the first institutional investor,” KBank president Kattiya Indaravijaya said. 
Besides providing insights into frontier opportunities in the region, she said, Vertex’s global network enables KBank to leapfrog into the world arena and be kept abreast of innovative technology and business models in other geographies.
KBank recently launched Beacon Venture Capital, which invests in venture capital funds and start-ups with financial innovations that align with KBank’s strategies. 
The initial capital of Beacon VC is Bt1 billion. Its policy includes direct investments in Thai and foreign start-ups and via leading VC funds.

Published : August 31, 2017

By : The Nation