About Ascend Money
Ascend Money is a company based in Bangkok (Thailand) founded in 2013 by Suphachai Chearavanont. Ascend Money has raised $345 million across 3 funding rounds from investors including MUFG Bank, Ant Group and Charoen Pokphand Group. Ascend Money operates in a competitive market with competitors including MoMo, MoneyGram, GCash, Flip and YouTrip, among others.
- Headquarter Bangkok, Thailand
- Founders Suphachai Chearavanont
- Stage Unicorn
-
Sectors
Financial Services
-
Email
Locked
-
Phone
Locked
-
Website
Locked
-
Social
Locked
- Legal Name Ascend Money Company Limited
-
Annual Revenue
$2.75 M (USD)28as on Dec 31, 2021
-
Net Profit
-$7.28 M (USD)-8as on Dec 31, 2021
-
EBITDA
Not available
-
Total Equity Funding
$345 M (USD)
in 3 rounds
-
Latest Funding Round
$195 M (USD), Series D
Jun 27, 2024
-
Investors
MUFG Bank
& 4 more
-
Employee Count
Not available
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
People of Ascend Money
Unlock access to complete
Funding Insights of Ascend Money
Ascend Money has successfully raised a total of $345M across 3 strategic funding rounds. The most recent funding activity was a Series D round of $195 million completed in June 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Ascend Money
Ascend Money has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include MUFG Bank, Ant Group and Charoen Pokphand Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Strategic investments in startups are facilitated by Krungsri Finnovate.
|
Locked | Locked | Locked | |
|
Provider of full banking services
|
Locked | Locked | Locked | |
|
Payment processing and financial services are offered by the company.
|
Locked | Locked | Locked |
Investor details for Ascend Money
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Ascend Money
Investment portfolio details for Ascend Money
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
Financial Statements - Ascend Money
Detailed financials for Ascend Money
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Ascend Money Comparisons
Peer comparison for Ascend Money
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
Competitors of Ascend Money
Ascend Money operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MoMo, MoneyGram, GCash, Flip and YouTrip, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
MoMo is recognized as a leading fintech application in Vietnam, providing diverse financial services.
|
|
| Locked | Locked | Locked |
Cross-border payments are enabled via wallet solutions for consumers.
|
|
| Locked | Locked | Locked |
App-based & card-linked wallet for consumers
|
|
| Locked | Locked | Locked |
App-based wallet services are offered for consumers and businesses.
|
|
| Locked | Locked | Locked |
NFC-enabled travel cards and wallets are provided for travelers.
|
|
| Locked | Locked | Locked |
Digital wallet
|
Detailed competitors of Ascend Money
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Ascend Money
Complete news archive for Ascend Money
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Ascend Money
Ascend Money was founded in 2013 and raised its 1st funding round 3 years after it was founded.
Ascend Money is headquartered in Bangkok, Thailand.
Ascend Money is a funded company, having raised a total of $345M across 3 funding rounds to date.
Annual revenue of Ascend Money is $2.75M as on Dec 31, 2021.
Financial services platform for individuals. Its product includes True Money, an app-based wallet for money transfers and online payments, Ascend Wealth for mutual funds, Ascend Nano for consumer and business loans, and more. App is available on iOS and Android devices.
Ascend Money has 5 investors. Key investors include MUFG Bank, Ant Group, Charoen Pokphand Group, Krungsri Finnovate, and Bow Wave Capital Management.
The valuation of Ascend Money is $1.5B as of Sep 2021.