Ascend Money Becomes Thailand’s First Fintech Unicorn

Ascend Money, has hit US$1.5 billion valuation following its latest US$150 million funding, making it Thailand’s first fintech unicorn.

The funds will be used to grow the user base of its e-wallet application; TrueMoney Wallet and to expand digital financial services, including digital lending, digital investment and cross-border remittances across Southeast Asia.

US-based investment firm Bow Wave Capital Management has contributed to this round, joining Charoen Pokphand Group and Ant Group.

Read more: Fintech News Singapore