Ascend Money Soars with $195 Million from MUFG and Finnoventure

MUFG and Finnoventure have invested $195 million in Ascend Money, a Thai fintech unicorn with the popular TrueMoney super app, reaching 30 million users in Thailand. Ascend Money, valued at $1.5 billion since 2021, aims to create a more inclusive financial ecosystem across Southeast Asia. MUFG's previous investment in Indonesia's Akulaku underscores its strategy to grow its customer base in the region. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: Finance Magnates | Financial and business news – FinTech