Empowering Thai Businesses with Access to Every Investment Opportunity: The MOU Signing Ceremony between Sinwattana Crowdfunding Corporation Co., Ltd. and Technopreneur International Business Developer Co., Ltd.
On 16 January 2022, Sinwattana Crowdfunding Corporation Co., Ltd., in collaboration with Technopreneur International Business Developer Co., Ltd. (TIBD), held a Memorandum of Understanding (MOU) signing ceremony titled “Enhancing Thai Businesses through Strengthened Investment Capacity.” The ceremony took place at Sinwattana Corporation Co., Ltd., with the objective of providing Thai companies with easier and more convenient access to fundraising opportunities.
Mr. Natchaphon, Managing Director of TIBD, stated,
“Thai businesses have sufficient potential to become leaders in their respective industries. However, many businesses lack the capital and resources necessary to unlock their true potential. The collaboration between TIBD and Sinwattana Crowdfunding will help Thai businesses overcome these limitations by opening up fundraising channels, enabling them to access the capital they need for growth and long-term success.”
Mr. Hongsin Kwek, Chief Executive Officer of Sinwattana Crowdfunding, added,
“Sinwattana Crowdfunding is committed to supporting Thai businesses and helping them fully develop their potential. We believe that partnering with TIBD will enable us to achieve this goal by providing businesses with access to a wider range of funding options, along with the expertise required for success.”
This MOU signing marks an important new role for both organizations in supporting Thai businesses to reach new heights. The collaboration is expected to significantly contribute to Thailand’s economic development, as businesses will be able to secure the necessary funding for growth and expansion. Sinwattana Crowdfunding will provide financial services in the form of equity crowdfunding and debt-based crowdfunding, while TIBD will offer business management services, consultancy, training, and various resources to help companies establish stable and sustainable operations.
This collaboration is also expected to have a positive impact on Thailand’s crowdfunding industry, as more businesses turn to this innovative fundraising model to achieve their objectives. Crowdfunding has gained increasing popularity in recent years, as it enables businesses to raise funds from a large number of people without relying on traditional funding methods, which are often complex and difficult to access.
According to a report by The Nation Thailand published on 16 March 2022, more than 63 percent of micro, small, and medium-sized enterprises (MSMEs) in Thailand have been unable to secure sufficient funding from at least one source over the past five years. The collaboration between TIBD and Sinwattana Crowdfunding is expected to help address this challenge within the industry and represents a positive step forward for Thai businesses. It is anticipated to have a long-term impact on the national economy. Both companies are committed to working closely together to help Thai businesses maximize their competitiveness and are confident that this significant partnership will be successful.