KASIKORN INVESTURE COMPANY LIMITED (KIV), a holding company under KASIKORNBANK Financial Conglomerate, announced a strategic investment in LENDNOVATE COMPANY LIMITED to launch “Stock Vyvr,” a revolving credit facility designed to provide essential working capital for small retailers. The initiative aims to help micro-entrepreneurs purchase goods and raw materials directly from participating wholesalers and producers, thereby fostering trade and reducing reliance on informal, high-interest loans amidst a challenging economy.
Stock Vyvr is a digital-first financing solution accessible through the Vyvr application, allowing small retailers to apply for the loan without collateral and verify their identity via K PLUS. Crucially, the service features no upfront fees, no annual fees, and no first-time loan drawdown fees, making it highly accessible and cost-effective.
Supaneewan Chutrakul, Executive Chairman of KASIKORN INVESTURE (KIV), emphasized that KIV’s investment is geared towards addressing the persistent challenge faced by small retailers: limited access to formal funding sources.
“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,” Ms. Supaneewan stated. “KIV is committed to responsible and fair lending practices, partnering with strategic allies to enhance financial service accessibility and empower small entrepreneurs to grow their businesses and manage debts efficiently during Thailand’s economic slowdown.”
Strategic Partnerships and Digital-First Approach
LENDNOVATE, which specializes in AI and technology and operates under the supervision of the Bank of Thailand, is the core platform for Stock Vyvr. The credit line facilitates inventory purchases, with payments made via QR code scan or transfer to authorized wholesalers.
Athita Pureetip, Chief Executive Officer of LENDNOVATE COMPANY LIMITED, highlighted the collaborative effort:
“Stock Vyvr is an innovative credit solution that facilitates small retailers’ access to financing for purchasing raw materials or expanding their businesses. 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.”
Key partners include Durbell Company Limited (TCP Group), Central Food Wholesales Ltd. (Central Retail Corporation), CP Axtra Public Company Limited, DMDL Public Company Limited (Dutch Mill Group), Platform Rakmao, and BONCAFE (THAILAND) Company Limited.
Loan Details and Eligibility
The loan is available to Thai nationals aged 20-70 years who operate as small retailers, business owners, resellers, or raw material purchasers. The applicable interest rate ranges from 25–33% per annum (effective interest rate method). Importantly, no interest is charged when the credit line is not utilized, ensuring flexible working capital for business operations. Applications must be completed exclusively via the Vyvr application (available for Android and iOS).
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