theAsianparent, one of Southeast Asia’s leading community and content platforms for mums and parents, has announced the final close of its ongoing Series C round, with SCB 10X, a holding company under Thailand’s Siam Commercial Bank (SCB), joining it as a strategic investor.
As part of the fresh investment, SCB 10X and SCB will work together with theAsianparent to improve the financial literacy amongst young families in Thailand.
This includes but is not limited to the provision of curated financial information and analysis that will assist parents in making informed decisions concerning household financial matters, such as children education and rainy-day funds for emergencies.
Majority of Thailand’s workforce (38.05 million as of August 2020) is under the age of 35.1. This presents a great opportunity in the form of a big population of young parents and families, who are increasingly more digitally and financially literate.
theAsianparent began as parenting blog and has since evolved into a multinational tech company and digital publishing house that focuses on content and community platforms for Asian women.
The firm aims to help parents have healthy pregnancies and raise healthy children and families.