The majority of Thai startups are trapped in the Seed to Pre-Series A stages, and many local investors still perceive this stage as risky and seek more certainty before committing, according to an internal market survey by Krungsri Finnovate.

Total bank deposits in Thailand rose 4.3% in 2022 year on year, though 98.52 million accounts or 88.88% have less than 50,000 baht, the central bank revealed on Tuesday.