MFIL will use the proceeds from the US$1 million equivalent loan to expand its business and loan portfolio.
Despite global popularity, the cashback model has yet to take off in Thailand.
IFC’s investments in PAN Farm will support its expansion of seed production and new export of flower and vegetable operations.
Both initiatives are aimed to bring together the government, academia, research institutes and industry to develop artificial intelligence capabilities in frontier technologies.
Last month, Kresna had acquired a 17.6 percent stake in digital kiosk firm M Cash Integrasi.
GHL Systems minority shareholders are advised to reject Actis’s takeover offer.