Banking News

Thailand Payments Firm Digio Raises US$4m Series B Funding

Thailand Payments Firm Digio Raises US$4m Series B Funding

(13 May 2020 – Thailand) Bangkok-based digital payments firm Digio has secured US$4 million in a series B funding to accelerate its product development.

The fundraise saw participation from Thai interbank payments provider PCC, Beacon Venture Capital, and Private Equity Trust for SME Growing Together 2. This fresh funding will enable the company to expand its capacity to provide innovative payment technology to financial institutions and strengthen Thailand’s digital payment infrastructure. Founded in 2012, Digio commenced operations as a software payments provider, developing applications to turn mobile devices into point-of-sale systems. The company has since expanded to offer electronic data capture, soft tokens, and payment gateways.

Digio recently received a payment facilitating services license from the Bank of Thailand, allowing it to offer new payment services directly to consumers and small businesses.

“We feel highly privileged to have long-standing trust from PCC and the major financial institutions in Thailand, and today’s investment will allow us to deliver a broader array of payment services to institutions and consumers alike,” said Digio founder and CEO Nopphorn Danchainam.

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