KRV & Co. · Capital Raise 2026 Q4 · Teaser
From Shoebox to Term Sheet.
Capital infrastructure for the founders, families & firms that carry Southeast Asia. We keep the books of Thai SMEs every month on KRAiON, then arrange the capital they need to grow.
The Ask
THB 15M
Super Senior Participating Loan
Working capital · minimum ticket THB 1.5M · paid from revenue every month, until 1.5x
01The Problem
Banks Lend to What They Can Read. Most SMEs Can’t Be Read.
8.81% vs 1.40%
Thai bank SME loans non-performing, against large companies (Bank of Thailand, Q2 2026).
THB 5M to 500M
Banks stop at THB 5M unsecured; credit funds start at THB 500M a loan. The small giants sit in between.
Shoebox
Receipts in a box, statements in a drawer. Software stops at the books; advisers start at THB 1.75B of revenue.
02The Market
3M SMEs in Thailand Alone. At Least 30K Are Waiting for Us.
3M+
100K
30K
1,000
3M+
TAM: Thai SMEs, about 99% of Thailand’s businesses (OSMEP); 416K small enterprises, 14.4% of GDP.
100K
SAM: revenue of THB 3M+, already running on digital accounting, and below the radar of private market advisors.
30K
SOM: a conservative 30%, SMEs that already pay for digital accounting but remain underserved on strategic financial advice.
1,000
Direct pathway: 500 SMEs across Kinnest Group, our anchor investor; 500 clients of NPC, our Preferred Bookkeeping Partner.
03What We Do
Accounting Is Where the Deal Begins. One Ledger, the Whole Deal Cycle.
01
Business Model
Agents run the monthly close; Operators supervise; the CPA firm signs off.
KRAiON OSLive
02
Quality of Earnings
Any ledger in, mapped and tested.
MigrationIn build
03
Investment Model
Return scenarios: debt, equity, tailored.
AdvisorIn build
04
Deal Structuring
Data room and credit file. Capital pays at close, never the SME.
TerminalIn build
05
Monitoring
Every month after the deal. Investors read what we read.
KRAiON OSLive
24 hours
from month-end close to full bank reconciliation
272
SMEs on the waitlist
10
under assessment
3
active monthly closings
1
advisory mandate
04Why Us
Michael C. Rabonza · Founder & Principal
20+ years on every side of the deal table: CFO, investor, lender, restructurer, underwriter. Over USD 750M deployed and successfully recovered.
Kawin (Peter) Prakobkit · Co-Founder & CTO
10+ years leading engineering in Silicon Valley, most notably Meta’s React team. Peter fortifies and scales KRAiON.
05The Numbers
Our Downside: THB 70M+ a Year in Free Cash Flow.
Over 5x
that in our Base Case
End 2028
break-even, at 125 clients
06The Ask
THB 15M Working Capital.
- THB 1.5M minimum ticket.
- 15% of KRV & Co.’s gross service revenue, shared pro rata and paid monthly from March 2027.
- Paid until 1.5x, then closed: THB 2.25M back on each THB 1.5M. No interest, no equity.
- 1.5x expected within 24 months (Base Case) or 36 months (Down Case).
- If 1.5x is not reached by Month 36, the balance converts to equity at a 20% discount to the last round.
Super Senior Participating Loan paid from revenue each and every month.
Sources THB 17.0M · Uses, first 12 months, THB 11.0M · Working Capital Reserve THB 6.0M. The Board has approved up to 10% equity in 2027, after this loan.
Get in touch:
Michael C. RabonzaFounder & Principal, KRV & Co.
mcr@krv.co
+66 090-631-1031
www.krv.co
Indicative terms. KRV 10YR Business Plan 2027–2036 v2026.11.07, Down Case unless stated, fiscal years to June, rounded down; management figures, not audited. Forecasts, not promises. Not an offer of securities. Private & Confidential.
