Thailand-based financial services firm Bangkok Bank has teamed up with China-headquartered venture capital firm and accelerator Nest to form a financial technology accelerator initiative called InnoHub, DealStreetAsia has reported.
InnoHub will consist of a 12-week scheme that will admit up to eight fintech startups and will be geographically agnostic. It will take place at the bank’s Bangkok innovation centre and is set to begin in June this year.
Bualuang Ventures, which invests as Bangkok Bank’s venture capital vehicle, will explore the possibility of follow-on funding for InnoHub graduates but will also provide them with consultancy and advice for fundraising.