Siam Digital Lending ( SiamDL ), a consumer lending fintech firm based in Bangkok, has raised US$7.9 million in an oversubscribed Series A funding round, underscoring growing international interest in Southeast Asia’s digital lending sector and the region’s emerging use of artificial intelligence within the consumer finance space.

In a statement announcing the development, SiamDL says the majority of the fundraising was from a German fund manager, two German family offices, and a Hong Kong-based investment house. The company did not disclose the identities of the investors.

However, SiamDL did say the fundraising marks a significant milestone for the company as it is one of the largest Series A rounds for a fintech company in Thailand to date.

Founder Maxwell Meyer comments: “Thailand has over 70 million people and is the cultural and economic engine of Southeast Asia. We believe that giving hardworking Thais access to capital at fair rates can further boost the nation’s growth and empower future entrepreneurs. This fundraise helps us to accelerate that mission.”  

SiamDL says the fresh capital will be used to accelerate the expansion of its AI-driven lending platform, which focuses on improving credit access for Thai consumers and entrepreneurs through faster and more efficient underwriting.

At the centre of the firm’s offerings is its proprietary AiTHENA system, which SiamDL describes as an agentic AI underwriting platform capable of analyzing thousands of variables to build customer credit profiles. The company says the technology helps reduce loan approval turnaround times while improving the accuracy and efficiency of credit assessment.

Chief executive officer Andy Thienkosol says cost is the primary barrier to entry for Thais seeking access to credit through online platforms, but says SiamDL is committed to deploying technology “in the service of lower costs and better outcomes for Thais nationwide”. 

“With over US$20 billion in personal lending each year, we see the Thai market as ripe for disruption from a start-up with an AI-first approach to solving problems,” he adds.

SiamDL operates under personal loan and nano loan licences issued by the Bank of Thailand. Since its launch, the company’s lending applications have recorded more than 300,000 organic downloads on Apple’s App Store and Google Play, while customers have applied for more than 3 billion baht ( US$93.35 million ) in financing.