PRESS RELEASE
Thumbinthai Co., Ltd., (Thailand) wins Ecommerce Business award in Payoneer’s global Entrepreneurship Awards
BANGKOK, Thailand, 26 April, 2023 – Payoneer (Nasdaq: PAYO), the financial technology company empowering the world’s small businesses to transact, do business and grow globally, recently announced the winners of its seventh annual Entrepreneurship Awards. Thumbinthai Co., Ltd., (Thailand) has been announced as the winner in the Ecommerce Business category.
With over 9,000 entrants from over 150 countries, the awards recognize global entrepreneurs who have disrupted their respective markets and demonstrated resilience and innovation.
This year’s awards bring together innovators from across the world with winners from Argentina, China, India, Serbia, Thailand, the United States, and Ukraine. The businesses are demonstrating innovative approaches to scaling their business, expanding internationally, and building resilience. The diverse geographical spread of both the entrants and winners is testimony to the borderless nature of entrepreneurship in today’s digital global economy.
Thumbinthai Co., Ltd., (Thailand) has more than 10 years of experience serving domestic and international customers specializing in T-shirts, children’s shirts, hoodies, sweaters and cloth bags. It began as a small domestic business before scaling up online for export, with Thumbinthai’s business growing by over 400% since the start of COVID-19.
Other category winners, including the all-new Eco Impact award, are:
- Disruptive Business: Denys Shkribliak, Owner & Founder, Wood and Hearts Inc (Ukraine)
- Socially Responsible Business: William Scott, CEO, Dynamo (United States)
- Ecommerce Business: Yangzhong Wang, Founder & CEO, Colorpik Inc. (China)
- Eco Impact Business: Prem Zalzman, Co-Founder & Sr. Manager of Strategic Innovation, Kolibri (Argentina)
- Services Business: Shaheen Madraswala, Founder & CBO, Leamigo Technologies (India)
- Services Business: Ognjen Vukovic, CEO & Owner, Four Winds Digital LTD (Serbia)
The winners have shown the resilience to innovate in the face of challenges such as the impact of war and economic downturn. This year’s awards also included a new category, the Eco Impact Business award, recognizing the important role that entrepreneurs are playing across the world in addressing global environmental challenges.
Nitcharee Ujjin, Co-Founder of Thumbinthai Co., Ltd., (Thailand) said, “When we moved into exporting we had to find a way to simplify our transaction model. Fortunately, we were introduced to Payoneer, and it offered low fees across multiple currencies that made customer transactions easier. It lets us track every transaction, and the Payoneer team is always right there to help and support us.”
To further the impact of these businesses, Payoneer has partnered with Kiva, an international nonprofit with a mission to expand financial access to help underserved communities thrive. The winners are awarded credits that give them the chance to pay it forward to other entrepreneurs who need the funding to keep growing and to experience the power of microfinancing their businesses.
Learn more about each of the award winners on the Payoneer blog.
About Payoneer
Payoneer is the financial technology company empowering the world’s small businesses to transact, do business and grow globally. Payoneer was founded in 2005 with the belief that talent is equally distributed, but opportunity is not. It is our mission to enable anyone anywhere to participate and succeed in the global digital economy. Since our founding, we have built a global financial platform that has already made it easier for millions of SMBs, particularly in emerging markets, to pay and get paid, manage their funds, and grow their business.
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