Thai Billionaire Chatchaval Jiaravanon Plans Fintech Acquisitions

This article was published on: 01/14/20 10:39 PM

Chatchaval Jiaravanon

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

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