AIRA Capital Public Company

What AIRA Capital Public Company does

AIRA Capital Public Company Limited is a Thailand-listed holding company (ticker AIRA on the mai market of the Stock Exchange of Thailand) that operates a diversified portfolio of non-bank financial services through wholly-owned and majority-owned subsidiaries. The group serves individual investors, SMEs, and corporate clients across Thailand with selective cross-border reach into Japan, organized around subsidiaries including AIRA Securities (brokerage with the AIRA Trade online platform and AIRA Global Trade international platform), AIRA Factoring (e-Factoring plus a Digital Supply Chain Platform co-built with NEC Thailand for supply chain financing), AIRA Leasing (SME lending and hire purchase with NEC Capital Japan), AIRA Asset Management (AIAM, 89.99% owned with a 10% strategic stake held by Sumitomo Mitsui Trust Bank Thailand), AIRA Advisory and AIRA International Advisory, AIRA & iFuel (digital personal loans), AIRA Property (Spring Tower office building and DoubleTree by Hilton Bangkok Silom development), AIRA Venture Capital, Aspiration One and Two (hire purchase JVs), and a 38% stake in Travelex Thailand for currency exchange services.

The group earns revenue from a mix of recurring and transactional streams: brokerage commissions on securities trading, factoring and leasing interest income, fund and wealth management fees, rental income from the Spring Tower property, currency exchange margins through Travelex Thailand, and equity returns from venture capital investments. FY2024 total revenue was 1,215 million THB, up 19% year-over-year, with securities brokerage fees up 48% and the international investment portfolio up 32%. Distribution is conducted primarily through the subsidiary network, supplemented by event-driven marketing at financial exhibitions such as Money Expo and mai FORUM, and through partnerships with Tokyo Stock Exchange and SMTAM that enable Thai investors to access Japanese securities.

The holding company structure, combined with strategic Japanese financial partnerships (Sumitomo Mitsui Trust Bank, AIFUL Corporation, Tokyo Stock Exchange) and Thai-Japanese corporate governance credentials (perfect 100/100 AGM Checklist scores in 2024 and 2025 from the Thai Investors Association), positions AIRA as a mid-sized, regulated non-bank financial group with diversified revenue lines and cross-border ambitions rather than a pure-play fintech.

Name

AIRA Capital Public Company

Legal name

AIRA Capital Public Company Limited (บริษัท ไอร่า แคปปิตอล จำกัด (มหาชน))

Website

https://airacapital.co.th

Company type

Public

Founded year

2010

Operating status

Operating

Headcount range

51–100 employees

Short description

AIRA Capital is a Thai-listed holding company (AIRA on mai) that operates non-bank financial services through subsidiaries spanning securities brokerage, factoring, leasing, asset management, property development, and currency exchange, serving retail investors, SMEs, and corporate clients in Thailand and Japan.

Ownership category

akta.pro rank

Headquarters

HQ city

Pathum Wan

HQ country

Thailand

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Investment Holding Income: AIRA Capital operates as a holding company investing in subsidiaries that provide financial services. Revenue comes from dividends and returns from subsidiary companies.
2. Securities Brokerage: Brokerage commissions from securities trading services provided by AIRA Securities.
3. Fund Management Fees: Asset management and wealth management fees from AIRA Asset Management.
4. Factoring Services: Factoring fees and interest income from supply chain financing and e-Factoring services. Loan portfolio of approximately 19,000 million THB as of 2024.
5. Leasing Services: Leasing income from AIRA Leasing for SME lending and hire purchase.
6. Real Estate Development: Rental income from Spring Tower office building and potential hotel development projects.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

AIRA Capital Public Company Limited is a Thai non-bank financial services holding company that operates multiple subsidiaries delivering securities brokerage, fund and wealth management, factoring and supply chain financing, leasing, hire purchase, personal loans, venture capital, real estate development, and currency exchange services. The group's subsidiaries include AIRA Securities, AIRA Asset Management, AIRA Factoring, AIRA Leasing, AIRA & iFuel, AIRA Property (Spring Tower and DoubleTree by Hilton Bangkok Silom), AIRA Venture Capital, and a 38% stake in Travelex Thailand.

Product overview

AIRA Capital is a holding company (Holding Company structure) that invests in and operates through multiple financial services subsidiaries. The group provides comprehensive non-bank financial services including securities brokerage (AIRA Securities), factoring (AIRA Factoring with e-Factoring and Digital Supply Chain Platform), leasing (AIRA Leasing), property development (AIRA Property managing Spring Tower and new hotel projects), venture capital (AIRA Venture Capital), advisory services, and currency exchange (Travelex Thailand). The subsidiaries operate under a unified group brand while serving distinct market segments from individual investors to SMEs and corporate clients.

Differentiator

Problem solved

Functional benefit

Brands

• AIRA Trade: Online trading platform for securities
• AIRA Global Trade
• Spring Tower

Products and services

• AIRA Securities Brokerage Securities brokerage and online stock trading services for individual and institutional investors, supported by the AIRA Trade online trading platform with 24-hour trading capability.
• AIRA Trade Online Trading Platform Online stock trading platform enabling 24-hour trading capabilities for AIRA Securities clients.
• AIRA Asset Management (AIAM) Fund management and wealth management services for clients, in partnership with Sumitomo Mitsui Trust Bank Thailand (SMTBT) holding a 10% stake. AIRA Capital holds 89.99% ownership.
• AIRA Advisory Financial advisory services for corporate and institutional clients, including bond issuance advisory (e.g., Dusit Thani bond issuance).
• AIRA International Advisory International advisory services for cross-border financial transactions, including Japan-Thailand investment opportunities through TSE-AIRA joint seminars.
• AIRA Factoring (e-Factoring and Digital Supply Chain Platform) Factoring services including online e-Factoring bill purchasing and Digital Supply Chain Platform (SCF) for SMEs, in partnership with NEC Thailand. Factoring loan portfolio of approximately 19,000 million THB as of 2024.
• AIRA & iFuel Personal Loans Digital personal loan services established as a joint venture with AIFUL Corporation (Japan) in 2014, transformed to full digital operations serving the consumer finance market.
• AIRA Leasing Leasing and SME lending services with credit facilities over 500 million THB, in partnership with NEC Capital Japan.
• Aspiration One Hire Purchase Joint venture for hire purchase and automotive financing services.
• Aspiration Two Hire Purchase Second joint venture for hire purchase financing services within the group.
• AIRA Property (Spring Tower and DoubleTree by Hilton Bangkok Silom) Real estate development including Spring Tower Grade A office building (93.45% occupancy rate) and hotel development projects including the DoubleTree by Hilton Bangkok Silom operated under Hilton management.
• AIRA Venture Capital Venture capital operations investing in innovative industries and supporting government co-investment initiatives.
• Travelex Thailand Currency Exchange Currency exchange services at multiple retail locations (including Asiatique) supporting 18 currencies. AIRA Capital holds a 38% stake in Travelex Thailand through a joint venture with Travelex Limited.

Quantifiable outcome

• Revenue growth of 19% YoY to 1,215 million THB in FY2024
• +2 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Seven partnerships are on record, tiered core, flagship and minor.

• NEC Corporation (Thailand)coreTechnology or Integration · 12 September 2024Partnership for Digital Supply Chain Platform implementing Supply Chain Financing (SCF) solutions. NEC provides cloud platform technology to enhance AIRA Factoring's digital factoring services, enabling real-time trade evidence submission and factoring applications.
• Tokyo Stock Exchange (TSE)coreGTM or Marketing Partner · 12 September 2023Joint seminars on Japanese investment opportunities. TSE and AIRA Securities co-host exclusive investment seminars for Thai investors interested in Japanese markets and ETFs.
• Travelex LimitedcoreStrategic or Co-development PartnerJoint venture for currency exchange services in Thailand. AIRA Capital holds 38% stake in Travelex Thailand. Services include currency exchange at retail locations serving tourists.
• Hilton HotelsflagshipStrategic or Co-development PartnerHotel management partnership for DoubleTree by Hilton Bangkok Silom. AIRA Property partnered with Hilton to manage their flagship hotel development project.
• AIFUL CorporationcoreStrategic or Co-development PartnerJoint venture established in 2014 for personal loan business in Thailand. AIFUL Corporation from Japan partnered with AIRA Capital for consumer finance operations.
• SMTAM (Sumitomo Mitsui Trust Asset Management)minorGTM or Marketing PartnerCo-marketing partner for Japanese investment seminars. SMTAM participates as speaker in TSE-AIRA joint seminars for Thai investors.
• Nok AirminorStrategic or Co-development PartnerRelief efforts partnership for southern Thailand flood victims. AIRA Group and Nok Air collaborated with Ruamkatanyu Foundation to deliver relief supplies to flood-affected areas.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Country Group Holdings: Thai holding company running multiple financial businesses (securities, leasing, AMC, advisory). Most direct structural peer to AIRA Capital's holding-company-of-financial-subsidiaries model on the same Thai exchange.
• NgernTidLor (Tidlor Holdings): Leading Thai non-bank consumer and nano-finance provider (title loans, personal loans). Direct peer to AIRA & iFuel personal-loan JV and competes with AIRA Leasing and Aspiration One/Two hire-purchase businesses for the same Thai mass-market borrower base.
• Muangthai Capital: Thai listed hire-purchase and personal-loan specialist under Muangthai Group. Comparable to AIRA's leasing and Aspiration hire-purchase subsidiaries in customer profile (provincial Thai borrowers) and product mix.
• AEON Thana Sinsap (Thailand): Thai-listed consumer finance and credit card operator with Japanese parent (AEON). Comparable to AIRA & iFuel JV in consumer lending and shares the Japanese-partnership cross-border structure (akin to AIFUL and SMTBT relationships at AIRA).
• JMT Network Services: Thai listed financial services group specializing in non-performing loan (NPL) acquisition, debt management and factoring-adjacent services. Comparable in the Thai debt-services and receivables ecosystem where AIRA Factoring operates.
• Srisawad Corporation: Thai listed non-bank financial group with factoring, hire-purchase and lending subsidiaries serving SMEs and consumers. Closest functional comparison to AIRA Factoring + AIRA Leasing + Aspiration JVs and competes in the same Thai nano-/consumer-finance pool.
• SuperRich International Exchange (1965): Thai currency-exchange operator in a longstanding JV with AIRA. Direct counterparty and competitor in the Thai retail FX/tourist exchange market, comparable to AIRA's Travelex Thailand minority stake.

Broad incumbents

• Thanachart Capital: Thai holding company controlling a commercial bank plus securities and other financial services subsidiaries. Broad incumbent peer to AIRA Capital's diversified financial-services holding structure on the Thai market.
• Kiatnakin Phatra Financial Group (KKP): Larger Thai financial holdings group combining bank, securities, AM and hire-purchase businesses. Comparable breadth to AIRA Capital's one-stop non-bank model, but at materially greater scale and with a regulated bank underneath.

Regional players

• Bangkok Capital Asset Management: Mid-sized Thai asset management firm competing for retail and institutional Thai fund mandates. Most direct comparison to AIRA Asset Management (AIAM), with the SMTBT 10% stake differentiating AIRA's cross-border Japan channel.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/AIRACAP
• LinkedInlinkedin.com/company/aira-capital-public-company-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AIRA Capital Public Company