Mitihoon – KASIKORN INVESTURE COMPANY LIMITED (KIV) has invested in LENDNOVATE COMPANY LIMITED, a company within KASIKORNBANK FINANCIAL CONGLOMERATE, which is licensed by the Ministry of Finance and operates under the supervision of the Bank of Thailand. With the aim of expanding financial services for retail customers through Stock Vyvr, a revolving credit facility for small business owners to purchase goods and raw materials from wholesalers or participating producers. This credit facility has been designed for small retailers in need of working capital in the financial system to increase trade opportunities and ensure sufficient capital without relying on informal loans. They may apply for the loan without collateral through the Vyvr application and verify their identity via K PLUS. The service comes with no upfront fees, annual fees, or first-time loan drawdown fees, making it an accessible and cost-effective financing option for small retailers.
Ms. Supaneewan Chutrakul, Executive Chairman of KASIKORN INVESTURE COMPANY LIMITED (KIV), said that KIV is a holding company under KASIKORN FINANCIAL CONGLOMERATE, established to invest in businesses that help enhance its flexibility in providing financial services to small retailers. One of the major challenges found among small retailers is their limited access to funding sources for trade, daily expenses, or debt repayments, forcing many of them to rely on informal loans with high interest payments. With this in mind, KIV has invested in companies that can empower small entrepreneurs to grow their businesses, generate income, and repay debts efficiently, especially during Thailand’s economic slowdown. KIV has partnered with strategic allies to enhance financial service accessibility, focusing on quality lending for small retailers to continue their businesses, generate more income and repay debts, while ensuring responsible and fair lending practices.
KIV has therefore invested in LENDNOVATE COMPANY LIMITED, a company within KASIKORNBANK FINANCIAL CONGLOMERATE, which specializes in AI and technology, and operates a lending business catering to small retailers. Stock Vyvr offers credit lines for purchasing raw materials and stocking inventory for small retailers. Payment can be made via QR code scan or transfer to participating wholesalers or manufacturers. Customers can apply for the loan, with no collateral required, through the Vyvr application – a lending app designed for small retailers, restaurants, and other micro-entrepreneurs, with identity verification made through K PLUS. No upfront fees, annual fees, or first-time loan drawdown fees will be applied.
Ms. Athita Pureetip, Chief Executive Officer of LENDNOVATE COMPANY LIMITED, added that the company’s mission is to develop lending products and services leveraging AI and digital technology to comprehensively address funding needs. Stock Vyvr is an innovative credit solution that facilitates small retailers’ access to financing for purchasing raw materials or expanding their businesses. Applications can be completed independently. In addition to closely collaborating with KIV, LENDNOVATE has partnered with leading companies including manufacturers, raw material suppliers, and nationwide distributors across various product categories such as beverages and consumer goods. These include TCP Group’s Durbell Company Limited, Central Food Wholesales Ltd., a subsidiary of Central Retail Corporation Public Company Limited, CP Axtra Public Company Limited, DMDL Public Company Limited under the Dutch Mill Group, Platform Rakmao, and BONCAFE (THAILAND) Company Limited. This collaborative effort aims to enable small retailers and independent vendors to operate smoothly by providing them with credit lines for inventory purchases. The company anticipates playing a key role in supporting micro-entrepreneurs in running their businesses seamlessly and sustainably.
Applicants must be Thai nationals aged 20-70 years, operating as small retailers, business owners, resellers, or purchasers of raw materials for business purposes. The loan can be applied for without collateral exclusively through the Vyvr application (currently available for Android and iOS users), with identity verification via K PLUS. The applicable interest rate is 25–33% per annual, calculated on an effective interest rate method. No interest is charged when the credit line is not utilized, allowing customers to maintain flexible working capital for their business operations. For more details, please visit https://www.vyvr.co
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* Please carefully consider your financing needs and repayment ability. Borrow only what is necessary and within your capacity to repay. The applicable interest rate is 25–33% per annum, with a 3% penalty rate capped at 33% per annum. Interest is calculated on the outstanding principal until fully repaid.
** According to the Bank of Thailand’s Notification No. SorKorChor. 3/2568 Re: Regulations on Responsible Lending, service providers must create and present advertisements with content that is “accurate and clear,” “comprehensive and allows for comparison of terms, interest rates, and fees” and “does not encourage excessive borrowing.” This is to ensure that customers receive and sufficiently understand necessary information from advertisements to make informed decisions on using products, and to promote financial discipline.
KBank and its wholly owned subsidiaries request cooperation from media outlets in disseminating press releases that mention loan repayments/loan services, credit card loans and installment payments. Please ensure that any advisories included in the news are accurate and in accordance with the Bank of Thailand’s guidelines.
KBank would like to express its gratitude to all members of the press for kindly adhering to the Bank of Thailand’s guidelines in your reporting.
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