APX Solutions, a Thailand-based logistics technology (LogTech) startup, today announced it has secured new funding from ADB Ventures to support the launch of its operations in Singapore and Malaysia in 2024.
Thailand’s fintech sector has historically lagged behind that of ASEAN counterparts such as Singapore or Vietnam, but recent regulatory efforts by the Bank of Thailand as well as booming adoption of digital payments are set to pave the way for strong growth in the financial startup scene.