Stripe teams up with Krungsri Finnovate and 500 Thailand to support startups in Thailand

Stripe teams up with Krungsri Finnovate and 500 Thailand to support startups in Thailand


BANGKOK, February 16, 2023 – Stripe, a financial infrastructure platform for businesses, today announced partnerships with Krungsri Finnovate, the corporate venture capital arm of Krungsri (Bank of Ayudhya PCL), and venture capital firm 500 Thailand to accelerate the growth of Thailand’s vibrant startup ecosystem.

The resilient Thai startup scene continues to grow, despite many challenges faced by startup communities all around the world. The community saw an almost 10 times increase in the number of startups from 102 in 2018 to over 1,000 in 2022.

“Stripe is excited to partner with Krungsri Finnovate and 500 Thailand to expand opportunities for Thai entrepreneurs and help them scale locally and globally.” said Tee Chayakul, Country Director, Stripe Thailand. “Our mission is to increase the GDP of the internet and to do so, we need to enable businesses, especially startups, with the knowledge, tools, and human capital to help them thrive and succeed.”


Stripe’s partnerships with Krungsri Finnovate and 500 Thailand aims to spur businesses as well as the startup community in Thailand with incentives to start their businesses and scale globally from day one. As part of this partnership, Stripe will offer startups in Krungsri Finnovate and 500 Thailand’s portfolio companies the following:

  • THB 2.5 million in fee-free Stripe processing and priority support
  • Discounted rates for startups interested in setting up a US entity with Stripe Atlas
  • Exclusive access to workshops, virtual office hours, webinars, roundtables, and other portfolio support initiatives to help startups scale and expand internationally.

Sam Tanskul, Managing Director, Krungsri Finnovate Co., Ltd., said “Navigating the complexities of the payments landscape at speed is a challenge for many startups. We are excited to partner with Stripe to offer our industry expertise and technology capabilities to help startup founders optimize revenue operations and achieve their business goals.”

One of Krungsri Finnovate’s key focus areas is to drive synergies and bring in valuable collaboration for Krungsri Group with partners and the ecosystem. Krungsri is keen to leverage the partnership with Stripe to open up opportunities for the startup ecosystem to grow and strengthen their merchant network.

“We’re thrilled to work with Stripe to help Thailand’s startup community benefit from the global digital economy and scale across geographies. Using Stripe’s financial infrastructure solutions and 500 Thailand’s industry know-how, we can help more businesses drive revenue growth by innovating with new business models,” said Mameaw Sapprasert, Partner at 500 Thailand.

500 Thailand’s mission is to discover and back startups in Thailand and Southeast Asia with exciting potential. 500 Thailand is keen to support their portfolio companies not only through financing but also to help them grow by partnering with companies such as Stripe, assisting with fundraising, providing mentorship sessions, connecting with potential investors and customers, and giving access to 500 Global networks and partner benefits.

Interested startups can find out more about this program at


About Stripe

Stripe is a financial infrastructure platform for businesses. Millions of companies—from the world’s largest enterprises to the most ambitious startups—use Stripe to accept payments, grow their revenue, and accelerate new business opportunities. Headquartered in San Francisco and Dublin, the company aims to increase the GDP of the internet.

For media information, please contact:

TQPR Thailand Maetavarin Maneekulpan 662 260 5820


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