Thai billionaire Chatchaval Jiaravanon, who founded fintech start-up Lightnet, plans to widen the reach of its Southeast Asian remittance platform through acquisitions.
Lightnet, which describes its blockchain-based service as quicker and cheaper compared with traditional banks, may raise fresh capital to pour into purchases, said chairman Chatchaval Jiaravanon.
The Bangkok-based company announced a US$31.2 million funding round last week.
“Acquisitions will be the quickest way for growth in a fast-changing environment,” Jiaravanon, 57, said in an interview.
Read the full story on the South China Morning Post