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Financial unicorn takes flight in Asean

Published by
The Bangkok Post

Ascend Money, Thailand’s first fintech unicorn, is accelerating growth beyond TrueMoney Wallet payment services by tapping the savings, lending and investment realms with a goal of becoming a financial super app and attaining profitability this year. Ascend Money, which operates under conglomerate Charoen Pokphand (CP) Group’s online business arm Ascend Group, raised US$150 million in its latest funding round in September 2021, increasing its value to $1.5 billion. MORE FINANCIAL SERVICES Monsinee Nakapanant, co-president at Ascend Money, said the usage of its mobile wallet app has gained rapi…

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