Krungsri Finnovate, the fintech-focused VC unit of Thailand’s Krungsri Bank, announced it will invest US$100 million in the next two years to work with at least 120 startups.

The VC arm will increase investments in fintech, ecommerce, proptech, and AI startups at the series A stage and higher in Thailand and Southeast Asia. Its minimum check size is US$1 million, it said in a statement.