“We aim to transform Thailand’s capital markets and investor behavior, shifting the focus from ‘banking savings’ to ‘corporate savings’.” – Pornbhuda Rijiravanich

In 2021, Thai investors held a staggering 15 trillion baht in bank deposits, yet the average interest rate was a mere 0.50% (Bank of Thailand). Meanwhile, the country’s GDP growth has averaged around 3% over the past decade. This stark contrast highlights the suboptimal returns investors are receiving and the untapped economic potential tied up in these low-yielding deposits. For instance, with a 0.50% interest rate, a 1,000 baht deposit would yield only 5 baht in a year, far below the 30 baht that could be earned based on the country’s GDP growth. Excess bank deposits are more of a drag than a driver for economic growth, hindering productivity, competition, and overall development.

In 2022, FYNNCORP introduced the “Corporate Saving” strategy, aiming to redirect funds from bank accounts into hundreds of Thai public companies. Our ultimate goal is to become the world’s first “Virtual Public Bank.” We introduced convertible bonds to Thai investors and the capital market, paving the way for a new era of investment. Last year, we successfully facilitated convertible bond issuances for Villa Kunalai Public Company Limited (“KUN”) and TWZ Corporation Public Company Limited (“TWZ”), raising over 300 million baht in the second half of the year.

This year, FYNNCORP is targeting a convertible bond portfolio of 1.5 billion baht and expanding our strategic partnerships. We are committed to supporting mid-sized public companies in their growth journey by offering convertible bond solutions. These bonds serve as the cornerstone of our strong and sustainable partnerships.

“Let’s drive Thailand’s GDP and achieve success together!”