Thailand’s Siam Commercial Bank, SG’s FinLab join $10m Series B round of social payments app PayKey


Israel’s startup PayKey has secured backing in a $10M Series B from Thailand’s Siam Commercial Bank and Japan’s SBI Group.

Thailand Digest: Aucfan invests in Hipflat; ThaiBev acquires 76% of restaurant chain

The deal marks Aucfan’s first investment in Thailand and in the real estate marketplace.

Thailand: Armed with $1.5b, Singha Estate plans deals to help brewer parent diversify

Singha Estate chairman said Europe is an “interesting” market.

Thailand: Banpu acquires fifth US shale gas asset for $210m

This agreement represents Banpu’s fifth investment in the US shale gas business.

Thailand: SCG’s VC arm AddVentures invests in Wavemaker SEA Fund II

The move could lead to a co-investment between AddVentures and startups in series A round.

Property Perfect, Sumitomo Forestry form JV for development in Bangkok

The Japanese firm holds 49% in the JV.

Thailand: JWD buys local freight forwarder to offer full logistics services

As part of the deal, JWD also acquired a management team with expertise in freight forwarding.

Shell, KUFPEC cancel share sale in Bongkot gas field in Thailand

The sale was part of efforts by the Anglo-Dutch company to reduce its debt burden.

Singapore, Thailand mull e-payment alliance in digital push

The prospective tie-up is the latest effort by Asian nations to modernize the payment process.

Thai logistics major JWD to strike two deals to expand into Indonesia, Vietnam

The company expects to buy into a cold storage firm in Indonesia and a freight forwarder in Vietnam.