JTA NEWS
26 September 2018 - 17 Tishri 5779 - י"ז תשרי ה' אלפים תשע"ט
JTA NEWS :
Bangkok Bank to partner with OurCrowd E-mail

Israel-based Equity crowd funding company OurCrowd Ltd is partnering with Bangkok Bank Public Company Ltd., Thailand’s largest bank, OurCrowd announced last month.

Through the partnership, the two sides hope to connect OurCrowd’s portfolio companies with interested investors and customers working with the bank, OurCrowd CEO Jon Medved said.

With a dominant presence in Thailand, and overseas presence in Southeast Asia including China, Bangkok Bank has around 17 million customer accounts and total assets of US$102 billion.

Jerusalem-based OurCrowd offers accredited investors a way to participate in investments in pre-vetted startups. Of the firm’s 150 current portfolio companies, around 70% are Israel-based, but the firm has been steadily increasing its global reach since it was founded in 2013, and has to date raised over US$700 million from almost 25,000 investors in over 150 countries, according to its statements.

In 2015, OurCrowd started expanding to Asia, inking partnerships with financial institutes including Mumbaibased wealth management company Reliance Private Client; Hong Kong-based CITIC Pacific, a subsidiary of Beijing-headquartered, statebacked CITIC Group Corporation Ltd.; Singapore’s United Overseas Bank Ltd., and China’s Shanghai Commercial Savings Bank.

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