Thailand's unicorn startup scene includes three companies focused on fintech and logistics. Two of these, logistics firm Flash Express and fintech company Ascend Money, are each valued at $2B.

Flash Express has also attracted the most funding with $781M raised. E-commerce platform LINE MAN Wongnai completes the list with a valuation of $1B.

Below is the full list of 3 Thailand unicorn startups at this time.

Top 3 Most Valuable Thailand Unicorns

Ascend Money delivers e-payment and micro-lending products through its regional fintech platform. They focus on expanding financial access for underserved populations and small merchants.

Valuation$2B (Joined September 2021)
HeadquartersBangkok, Krung Thep, Thailand
Year Founded2015
FoundersSuphachai Chearavanont
Funding Amount$345M
Company SizeLarge Team (251-1,000)
Last Funding StatusSeries D
Top InvestorsMUFG Bank, Charoen Pokphand Group, Krungsri Finnovate, Bow Wave Capital Management, Ant Group

Flash Express operates a door-to-door pickup and delivery service, specializing in logistics and transportation for businesses. They provide integrated courier and freight solutions tailored to support the e-commerce industry.

Valuation$2B
HeadquartersBangkok, Krung Thep, Thailand
Year Founded2017
FoundersDi Weijie, Komsan Lee
Funding Amount$781M
Company SizeEnterprise Organization (5,001+)
Last Funding StatusSeries F
Top InvestorsSCB 10X, Cloud Angel Fund, Krungsri Finnovate, TCP Capital, Gaorong Capital

LINE MAN Wongnai built an all-in-one platform that connects millions of users in Thailand to on-demand services. Their app offers everything from food and grocery delivery to taxi rides and messenger services.

Valuation$1B
HeadquartersBangkok, Krung Thep, Thailand
Year Founded2010
FoundersYod Chinsupakul
Funding Amount$375M
Company SizeMajor Organization (1,001-5,000)
Last Funding StatusSeries B
Top InvestorsPTT Oil and Retail Business Public Company, GIC, BRV Capital Management, Taiwan Mobile Co Ltd, LINE Plus Corporation