Investor Profile: SCB 10X — Thesis, Cheque Size & How to Apply

SCB 10X is the venture capital arm of SCBX, Thailand's leading financial technology group, and one of the few corporate venture investors in Asia with a genuinely global portfolio. Launched in 2020 and based in Bangkok, SCB 10X invests in disruptive technology worldwide, aiming for both financial returns and strategic value for the SCBX group, whose flagship is Siam Commercial Bank.

Thesis

SCB 10X describes itself as its group's speedboat: a unit mandated to discover and ship state-of-the-art technologies into a large financial group. Its Moonshot Mission is to create long-term value by investing in high-potential technology startups globally, particularly where new technology can reshape financial services or expand access for underserved customers.

Sectors and stages

The firm invests globally in early-to-growth-stage startups across three areas: AI and deep tech, blockchain and Web3, and fintech. Its portfolio stretches from Bangkok to Silicon Valley, covering digital-asset custody, cross-border payments, enterprise AI and consumer fintech. It also runs a venture-builder arm that creates new technology businesses inside the group.

Fund size and cheque size

SCB 10X has reported deploying more than USD 500 million globally since its 2020 launch, a figure carried by third-party company profiles rather than the firm's own venture-capital page, which does not state a total. It set up a dedicated USD 50 million blockchain-focused fund for early and growth-stage blockchain, decentralised finance and digital-asset startups. A planned USD 600 million venture fund with Charoen Pokphand Group (CP) was reported as going through regulatory approval at the time of announcement, and its final close is unconfirmed in the sources reviewed. A single standard cheque size is not publicly disclosed.

Notable portfolio

Portfolio companies listed on the firm's own venture-capital page include cross-border payments network Ripple, digital-asset custody provider Fireblocks, digital-asset bank Anchorage, blockchain analytics platform Nansen, enterprise AI company Ema, HR software provider Darwinbox, Southeast Asian travel platform Traveloka, Indonesian super-app GoTo and Thai delivery leader Flash Express.

Partners and team

SCB 10X's chief venture and investment officer is Mukaya Panich, who has fronted its Moonshot Mission and its blockchain fund. Kaweewut Temphuwapat has been appointed chief executive officer, according to regional fintech coverage. In 2024 the firm was named Thailand's first corporate venture investor in a top-ten global corporate venture ranking by CB Insights, a notable marker of its international standing.

Programs, credits and perks

SCB 10X does not publish a startup credits or perks programme. Its distinctive perk is strategic rather than financial: portfolio companies can test, pilot and scale products through the SCBX network, reaching customers across Thailand and Southeast Asia, and can draw on the group's regulatory, distribution and technology expertise.

How to apply for funding

Learning how to get funding from SCB 10X begins at scb10x.com, where the firm sets out its venture-capital focus and portfolio and lists a contact email. No public application portal with published timelines was found, so founders should approach through an introduction from a portfolio company, a co-investor or a regional fintech contact, with a clear explanation of how their technology fits AI and deep tech, blockchain and Web3 or fintech, and what a partnership with a Thai financial group would unlock.