Ascend Money
Founded Year
2013Stage
Series D | AliveTotal Raised
$345MLast Raised
$195M | 1 yr agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+13 points in the past 30 days
About Ascend Money
Ascend Group focuses on providing digital services and infrastructure in Southeast Asia. The company offers services including financial technology, e-commerce, data centers, cloud services, and blockchain technology. Ascend Group serves sectors such as financial technology (fintech), e-commerce, digital marketing, and cloud computing. It was founded in 2013 and is based in Bangkok, Thailand.
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Expert Collections containing Ascend Money
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Ascend Money is included in 5 Expert Collections, including E-Commerce.
E-Commerce
11,341 items
Companies that sell goods online (B2C), or enable the selling of goods online via tech solutions (B2B).
Supply Chain & Logistics Tech
5,327 items
Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).
Unicorns- Billion Dollar Startups
1,276 items
Fintech
13,978 items
Excludes US-based companies
Payments
199 items
Latest Ascend Money News
Jul 2, 2025
The ' agribusiness-to-telecoms conglomerate Charoen Pokphand Group (CP Group) has lately been on a digital and regional expansion drive. In June, its fintech arm Ascend Money secured approval to establish a virtual bank, which paves the way for the firm to leverage its digital platform TrueMoney, with its countrywide base of 34 million users. A month earlier, True IDC, the data center and cloud services arm of the group's telecoms giant True, teamed up with a BlackRock unit to invest $1 billion over the next three to five years to build data centers in Thailand, which is aspiring to become an ASEAN digital hub. After its 2023 merger with rival Total Access Communications, True is now the country's largest mobile operator with nearly 49 million subscribers. With an eye on regional expansion, CP Group will be setting up a $1 billion private equity fund with Philippine sovereign wealth fund Maharlika Investment Corp. to invest in agriculture, digital innovation and renewable energy in the Philippines. Over the past 12 months, the net worth of the Chearavanont brothers has gone up by $6.7 billion to $35.7 billion.
Ascend Money Frequently Asked Questions (FAQ)
When was Ascend Money founded?
Ascend Money was founded in 2013.
Where is Ascend Money's headquarters?
Ascend Money's headquarters is located at Sukhumvit Road, Phra Khanong, Bang Chak, Bangkok.
What is Ascend Money's latest funding round?
Ascend Money's latest funding round is Series D.
How much did Ascend Money raise?
Ascend Money raised a total of $345M.
Who are the investors of Ascend Money?
Investors of Ascend Money include Ant Group, Charoen Pokphand Group, Bow Wave Capital, Krungsri Finnovate and MUFG Bank.
Who are Ascend Money's competitors?
Competitors of Ascend Money include Lazada and 6 more.
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Compare Ascend Money to Competitors
SCI Ecommerce provides full end-to-end e-commerce enablement solutions for brands in Southeast Asia and China. The company's solutions include online store management, digital marketing, content design & enhancement, customer service, warehousing & fulfillment, and more. It was founded in 2011 and is based in Singapore.
GOGOX is a logistics and transportation platform that provides van and truck hiring services. The company offers delivery options for documents and small items, as well as transportation for larger goods. GOGOX also provides logistics solutions for SMEs and enterprises, catering to various business needs. GOGOX was formerly known as GogoVan. It was founded in 2013 and is based in Hong Kong.
Huolala is an internet logistics platform. It provides same-city and cross-city freight transportation, enterprise logistics services, less-than-truckload (LTL) transportation, car rental and after-sales services, and more. It was formerly known as EasyVan. The company was founded in 2013 and is based in Guangzhou, China.
Alipay is a third-party mobile and online payment platform owned by the Chinese commerce giant Alibaba.
Touch 'n Go provides digital payment solutions and financial technology services within the mobility ecosystem. They offer services that include transit and parking payment systems, as well as retail eWallet solutions. The company serves the mobility and retail sectors, enhancing consumer experiences through digital platforms. It was founded in 1997 and is based in Kuala Lumpur, Malaysia.
Boost is a financial technology company that offers a spectrum of digital financial services across various sectors. The company provides an application for personal finance management, business financing, and enterprise payment solutions. Boost primarily serves the e-commerce industry and small and medium businesses and aims to expand its footprint in the digital banking sector. It was founded in 2017 and is based in Kuala Lumpur, Malaysia.
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