Thailand’s Ascend Money lands $195m investment led by MUFG

Ascend Money, Thailand's leading digital financial solutions firm and fintech arm of Charoen Pokphand Group, has secured a $195 million investment led by MUFG Bank from Japan, with additional support from the Finnoventure PE Trust I fund. With over 30 million users in Thailand and Southeast Asia, the company offers diverse services such as insurance, e-payments, and BNPL through the TrueMoney platform. This investment aims to enhance financial inclusion for the underserved and boost Thailand's digital economy. Ascend Money is building on its status as Thailand’s first fintech unicorn, valued at $1.5 billion in 2021. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: FinTech Futures