UOB bank
United Overseas Bank (Thai) (UOB (Thai)) has signed a Memorandum of Understanding (MOU) with JustCo to offer preferential rental rates at any of JustCo’s three co-working spaces in Thailand. JustCo is one of Asia’s leading co-working space providers with 22 co-working centres in Bangkok, Jakarta, Shanghai and Singapore.
Under the MOU, UOB customers in Thailand, from start-ups to small- and medium-sized enterprises (SMEs), will enjoy 20 per cent off the rental rates at any of JustCo’s co-working spaces in buildings located in Bangkok’s Central Business District, namely AIA Sathorn Tower, Capital Tower - All Seasons Place and Samyan Mitrtown.
Mr James Rama Phataminviphas, Country Head of Channels and Digitalisation, UOB (Thai), said, “For start-ups and SMEs looking to establish themselves in Thailand, co-working spaces offer an efficient alternative to setting up a physical office from scratch. For example, a recent study showed that many young ASEAN FinTech firms think that co-working spaces are beneficial to them as they may not have sufficient resources to set up their own office space. Our collaboration with JustCo will enable us to offer UOB’s many start-up and SME customers yet another convenient and cost-effective option to set up and to manage their operations in Thailand.”
Ms Lu Liu, Co-founder and Chief Operating Officer at JustCo, said, “Over the past few years, we have seen an increasing demand for co-working spaces as businesses regardless of size, shift their preferences from traditional offices to flexible, shared office spaces. Our collaboration with UOB (Thai) will enable more young and aspiring businesses to access JustCo’s wide network of 17,000 members and customised programmes that will help support their growth and business success. Ultimately, we aim to foster a community for the like-minded – one that encourages collaboration and innovation among individuals and businesses.”
This tie-up between UOB (Thai) and JustCo is another addition to UOB Group’s network of partnerships with co-working spaces across Asia, including those under companies such as True Digital Park (Thailand), Ascendas-Singbridge Group (China), CoHive (Indonesia), Common Ground (Malaysia), WORQ (Malaysia) and 80RR Fintech Hub SG (Singapore).
Apart from helping its customers establish their presence more cost-effectively, UOB (Thai) will also provide its customers with tailored financial solutions such as loans, cash management and trade financing products to help them manage their business. Companies can also access alternative financing options through UOB’s partnerships with equity crowdfunding and venture debt firms, OurCrowd and InnoVen Capital respectively.
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About United Overseas Bank (Thai)
United Overseas Bank (Thai) Public Company Limited (UOB (Thai)) is a fully-licensed commercial bank with its network of 154 branches, 363 ATMs nationwide (as of 31 December 2017). UOB (Thai) is 99.66 per cent owned by Singapore-based United Overseas Bank Limited (UOB), which has a global network of more than 500 offices in Asia Pacific, Europe, and North America. A regional bank rooted in Thailand, UOB (Thai) provides customers with financial expertise and connectivity across Asia. It offers innovative financial solution, quality products and excellent service through understanding and identifying the needs of its customers.
UOB (Thai) is rated among the top banks in Thailand: AAA by Fitch Ratings.
About JustCo
Founded in 2011, JustCo is one of Asia’s leading premium flexible workspace providers. At JustCo, we believe that working together, is working better. We continually challenge and redefine collaborative working, connecting like-minded and dynamic communities in open and creative work spaces.
In JustCo’s powerful ecosystem, business of all shapes and sizes can harness the benefits of the network effect. JustCo’s range of curated events, networking sessions and strategic partnerships allow members to find business opportunities, gain insights, and help drive success and innovation to each other’s business.
With uniquely-transformed workspaces, JustCo goes beyond a sharing economy. By 2020, we aim to be a strong driving force behind commercial real estate market across Asia, and empower our ever-growing community with exceptional workplace flexibility and experiences.
26 November 2018
For queries, please contact
Strategic Communications and Customer Advocacy
Yada Srisammasheep
Yada.sri@uob.co.th
Tel : +66 (0) 84640 0058