Ascend Money Secures $195M for SEA Fintech Growth

Ascend Money, a leading fintech unicorn from Thailand, has raised $195 million to expand its digital financial services across Southeast Asia.

• Significant Funding: Ascend Money secured $195 million led by Mitsubishi UFJ Financial Group (MUFG) Bank and the Finnoventure Private Equity Trust I fund managed by Krungsri Finnovate Co.

• Diverse Presence: A subsidiary of the Charoen Pokphand Group, Ascend operates in seven countries across Southeast Asia.

• Leadership Insights: Suphachai Chearavanont, Founder and Chairman, views this funding as a validation of Ascend Money’s commitment to innovation and financial inclusion.

• Expansion Strategy: The newly acquired funds will accelerate Ascend Money’s mission to provide inclusive financial services to underserved consumers and small businesses.

This substantial funding marks a significant milestone for Ascend Money, reinforcing its position as a key player in advancing digital finance and financial inclusion across Southeast Asia.