Thailand’s Jitta raises $6.5M to develop an algorithm-powered wealth fund

Jitta,a Bangkok-based fintech startup, has announced a $6.5 million round as it prepares to launch an investment fund for consumers in what would be a first for the Thai market.
The deal, which is described as pre-Series A, is one of the largest in Thailand for some time and it was led by Beacon Venture Capital,the $30 million fund attached to Thailand’s Kasikorn Bank. Beacon picked up the majority of the capital but an existing angel investor, whose identity was not disclosed, also took p