ABACUS Digital Company, the Thai parent of lending app MoneyThunder, has completed its first bond offering to institutional and high-net-worth investors, according to a company statement on Wednesday.
The Bangkok-based company’s $31-million issuance was oversubscribed. The bonds carry an annual interest rate of 4.60%.
The raised capital will be deployed to expand the company’s loan portfolio and further scale its operations across Thailand and beyond, said its interim CEO Tubkwan Homchampa.
ABACUS, formerly SCB Abacus, was a spinoff from one of Thailand’s largest financial groups SCBX. The lending app, which is available for Thai users, last raised $20 million in Series B round from undisclosed investors in 2022. Its existing investors include Openspace, Vertex Ventures Southeast Asia, and CAI Partners.
Over five years, MoneyThunder has disbursed over $744 million in loans, and the platform currently serves more than 4.5 million users. More than 60% of its customer base comprises women—reinforcing ABACUS digital’s commitment to financial inclusion and economic equality, the statement said.
Also, over 30% of the firm’s loan recipients were previously rejected by traditional banks. More than half of its users report improved incomes after receiving funding, while the firm maintains a non-performing loan ratio well below the market average (under 3%).
ABACUS has maintained a profitability streak for three consecutive years, with net profit and growth targets of 30-50% set for 2026.
