Bangkok-based PeerPower, a digital financing platform connecting business owners and investors, announced today it has received an undisclosed sum in pre-Series A round from InVent, the venture capital arm of Intouch Holdings.
Joining this round is existing investor Business Online Public Company (BOL).
PeerPower will use the funds to invest in product development and broadening its digital financing services.
The fintech startup claims it is the first in Thailand to issue Crowdfunding Bonds, approved by the Securities and Exchange Commission Thailand (SEC).
PeerPower leverages technology to provide better returns to investors. Investors can open an online account and choose to invest in businesses based on individual risk appetite. Its crowdfunding platform utilises data to maximise risk for investors and makes it easy for them to quickly build a portfolio of crowdfunding bonds, diversify risk, and earn steady cash flows, it claims.