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Bangkok Post
Bangkok Post
Business

Financial unicorn takes flight in Asean

ASEAN Thailand fintech
Ms Monsinee says Ascend Money believes in a diversification of ideas, such as having co-chief executives.

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.

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