Thailand’s Digital Ventures invests in geolocation data firm Pulse iD
Tuesday, April 11, 2017
(DealStreetAsia by Chalida Ekvitthayavechnukul) – Digital Ventures, a fintech-focussed venture capital subsidiary of Siam Commercial Bank (SCB), has invested in Hong Kong-based geolocation data startup Pulse iD, the bank said on Tuesday.
Other fintech venture capitalists including Tuas Capital from Malaysia and Robby Hilkowitz from Israel also joined this round. However, the financial terms were not disclosed.
“The partnership is our first with a Thai company and an important move for us. Deep collaboration with leading financial institutions allows us to find new ways to fight identity theft and fraud,” Alex Topaloski, Co-Founder and CEO of Pulse iD, said in the statement.
