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Ascend Money Becomes Thailand’s First Fintech Unicorn
source link: https://fintechranking.com/2021/09/27/ascend-money-becomes-thailands-first-fintech-unicorn/
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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
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