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FINNOMENA, a Bangkok, Thailand-based online investment management startup, has announced the successful completion of raising $5.5 million in its Series B+ funding round led by Openspace Ventures, with participation from Finnoventure Private Equity Trust and Gobi Partners.
This funding aims to broaden FINNOMENA’s product offerings into new asset classes in response to investor demands, the changing global economy and challenges in the global capital markets.
Founded in 2016, the main objective of FINNOMENA is to unlock Thai investors’ investment potential in order for them to achieve their financial goals as expected.
Jessada Sookdhis, CEO of FINNOMENA Group, revealed that despite the ongoing challenges in the global investment market, FINNOMENA continues to receive support from institutional investors to develop its investment management platform. This includes continuing to grow its mutual funds business, and strategically expand into new assets that are gaining investor interest, such as crowdfunding or investment tokens.
“In the next 5-10 years, the investment mix in our portfolio will not be the same as the past 10 years. We are riding the wave of global investment transformation, where new asset classes (New Asset Classes) continuously emerge. FINNOMENA aims to meet the demands of investors by being a leading-edge wealth creation platform with new asset classes, utilizing our strengths in investment advisory and efficient content creation to provide Thai investors with affordable and user-friendly access to these new opportunities,” said Jessada.