The Debt Crowdfunding Portal is operated by Krungsri Securities being a license holder obtaining the license from the Office of the Securities and Exchange Commission (SEC) to provide a debt crowdfunding system service. This is a system where SME business operators are provided with abilities to raise funds from numerous investors; retail investors, institutional investors, venture capitals, private equity or even qualified investors, through an online platform. This is an alternative investment for investors; they can receive regular returns, manage their cash flow and risks in their portfolios; the investors can receive their returns in forms of interests and principles once every 1, 3 or 6 months according to the terms and conditions specified by issuer as stated in the prospectus. This is an amortized bond that can be an alternative to other assets and deposits.
The "Debt Crowdfunding Portal" is an alternative investment developed to solve the SMEs and startups' pain point on fund access. The portal supports business with growth potentials that needs funding to grow. The entrepreneurs require no assets to put as collaterals when applying for loans, because this is a crowdfunding portal that raises funds from mass investors. The SMEs and startups can raise funds on top of their existing credit with flexible interest rates and the platform will act as a medium, estimating interest rates for each business based on its differences. Hence, it can offer appropriate interest rates that are tailored to each business needing fundraising. Krungsri Securities is equipped with an expert team who will be providing consultation and services throughout the whole crowdfunding process.
Mr. Thanat Wongchukaew, Managing Director at Krungsri Securities Plc. (KSS), said "After Krungsri Securities has, since the past June, received the approval from the Office of the Securities and Exchange Commission (SEC) for operating debt crowdfunding system business, being the first securities firm to have obtained such approval for this type of business, Krungsri Securities is pleased to announce that the "Debt Crowdfunding Portal" is now ready to provide services to those interested. As this type of investment is new to the market, Krungsri Securities has prepared online handbooks on Krungsri Securities' website, KSS Crowdfunding Facebook Page and in-depth seminars to educate SMEs, startups and investors that are interested. It is expected that approximately THB 700-1,000 million fundraising will be achieved through the debt crowdfunding system. Krungsri Securities expects that investors who are interested in debentures and deposits will be attracted to investing in this Debt Crowdfunding Portal.
Miss Duangkamol Limpuangthip, Krungsri Head of SME Banking Group, said "Krungsri Securities' Debt Crowdfunding Portal is considered another strategy of Krungsri Group to synergize within the group in order to deliver the best service to our customer and support the SME segment on continuous funding with more integration. However, this Debt Crowdfunding Portal is still a very new concept for our SME customers, so Krungsri will help introduce the Debt Crowdfunding Portal to them as another source of funds through our Relationship Managers."
Interested investors and SMEs can read the details on investment through debt crowdfunding system and register your interest at www.krungsrisecurities.com
Source: Bank of Ayudhya