By Tadhg Walker
Meefund came to life in September 2015. A group of Thai management and business consultants knew Fintech was more than the latest trend, and with their core competency being new business, started Meefund to capitalise on crowdfunding.
It has long proven difficult to attract funding for ventures in Thailand. Banks are unwilling to lend without collateral. Venture Capitalism has never taken off in Thailand. Meefund’s founder and Chief Hunting Officer Tony Boontanorm explains: “The government [from its Venture Capital fund] will give out money and not get a return. They put money into projects but they fund the wrong projects. They do not know how to find the innovations.”