NYCA Partner’s Third Fund gets investment from Beacon VC based out of Thailand

NYCA Investment Fund III by NYCA Partners, the US based fintech investor, recently closed at US$210 million and joining it was the Thailand- based corporate venture capital arm of Kasikornbank, Beacon Venture Capital.

Of the 21 institutional investors and notable figures of the fintech and financial services industry, two of the investors of NYCA Investment Fund III’s global network include, the fintech subsidiary and venture capital arm of Siam Commercial Bank, Digital Ventures,  and Corporate Venture Capital (CVC).

In the year 2014, the firm has set up its very first fund at US$ 30 million, followed by the second one two years later in 2016 at US$ 140 million.

NYCA Partner’s Third Fund gets investment from Beacon VC based out of Thailand
NYCA Partner’s Third Fund gets investment from Beacon VC based out of Thailand

Companies that use technology as a competitive advantage in providing financial services that include payments, investing, insurance and banking; such as PayRange, Trellis, and Affirm & Acorns  are the key focus of NYCA, which was founded in the year 2014 by Hans Morris, a former Visa president.

An impressive list of 55 limited partners advisors have been assembled by NYCA since its inception. Prospective investments have been analyzed with their help along with their expertise that has helped portfolio companies to grow further.

According to Thanapong Na Ranong, the managing partner of Beacon VC, the collaboration with NYCA will help channel the worldwide innovation in the field of Fintech to Thailand thanks to the global network of investors and advisors of NYCA, who will through their insights and expertise help KBank.

The other VC fund investments that have been made by Neacon VC prior to the one in NYCA includes Dymon Asia Ventures, Southeast Asia-based fintech fund, StormBreaker Venture, Thailand-based education technology accelerator and lastly Vertex Ventures, Singapore-based growth-stage fund.

A cloud-based rental properties management solutions for apartments, dormitories, and markets called Horganice was also invested into by the VC firm this year in March.

Recent Articles

InvestAnswers Host Calls Solana ($SOL) the Top Ethereum Competitor

InvestAnswers Host Calls Solana ($SOL) the Top Ethereum Competitor

0
According to InvestAnswers, popular crypto analytics and market analysis show, that Solana ($SOL) is still the top competitor for Ethereum ($ETH). The show's host stated...
Lyn Alden Calls Bitcoin ‘Fastest Horse’ in Crypto Race

Lyn Alden Calls Bitcoin ‘Fastest Horse’ in Crypto Race

0
Bitcoin will continue to be the leading currency in the digital asset market, according to Lyn Alden, a well-known equity research analyst, and investment...
Cardano ($ADA) Founder Tells Newcomers to Crypto Market

Cardano ($ADA) Founder Tells Newcomers to Crypto Market

0
Charles Hoskinson, Co-Founder, and CEO of IO Global (aka "IOG," formerly known as "IOHK"), the company in charge of Cardano's research and development, is...
Cryptocurrencies

Firepin Token (Frpn), Solana (Sol), And Ethereum Will Revolutionize The Cryptocurrency Business (Eth)

0
Blockchain and cryptocurrencies have gained popularity this year. People from all professions are seeking ways to harness blockchain technology and reap its benefits. How...
cryptocurrency

Here The Top 10 Cryptocurrencies To Still Look Forward Amidst The Dip

0
Due to the proliferation of cryptocurrencies, cryptocurrency investors are interested in the volatile cryptocurrency market. Cryptocurrencies are becoming increasingly popular due to their capacity...

Related Stories

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay on op - Ge the daily news in your inbox