Thailand’s Abacus Digital raises $31M funding via bonds for business expansion

Abacus Digital Company Limited, a FinTech firm and the developer of Thailand’s digital lending application MoneyThunder, has successfully completed its inaugural $31 million bond offering to institutional and high-net-worth investors. The firm said in a statement on Tuesday that the issuance generated strong demand, with the total subscription value of $31 million significantly exceeding the target. It said this success underscores robust investor confidence in Abacus Digital’s strong growth potential and its leadership in artificial intelligence (AI)-driven digital lending innovation. The capital will be used to expand the business and increase the loan portfolio to fuel the company’s strong and sustained growth, as the firm strives to become the leading FinTech firm in the region. The success of this bond issuance will ensure Abacus Digital continues its commitment to developing financial technology and innovation, aiming to elevate the quality of life and create sustainable financial stability for the people of Thailand. “The company successfully issued its first debentures, offering an annual interest rate of 4.60 percent, “The success of this inaugural bond offering is a clear testament to the confidence investors place in our vision, business model, and performance,” said Tubkwan Homchampa, Management Director and Interim Chief Executive Officer of Abacus Digital. It is noted that investors are recognizing the competitive edge of Abacus Digital’s proprietary AI technology, the Abacus Core Technology (ACT) engine, which enables accurate and real-time risk analysis and loan assessment. ACT allows the MoneyThunder application to evaluate and provide loans to credit-scarce individuals, who represent an economically vulnerable segment. The platform delivers tangible social impact: over 30 percent of loan recipients were previously rejected by traditional financial institutions, and over 50 percent of users have experienced improved incomes after receiving funding, helping reduce reliance on informal debt and enhancing their quality of life. Abacus Digital also effectively manages asset quality, maintaining a non-performing loan (NPL) ratio clearly below the market average (less than 3 percent). The company has also demonstrated exceptional growth capabilities, with cumulative loan disbursements through the MoneyThunder application exceeding $744 million over the past five years. MoneyThunder currently boasts a user base of over 4.5 million, with over 60 percent of its customers being women, helping unlock economic equality, and over 50 percent of its customers reporting improved incomes after receiving funding. Furthermore, Abacus Digital has achieved net profitability for three consecutive years, with its latest net profit in the first half of 2025 growing compared to the same period last year. The company also maintains clear net profit growth targets, aiming for a growth rate of 30 percent to 50 percent in 2026 to further expand financial access for the wider Thai population. Funding Societies Thailand joins NCB to strengthen SME access to finance