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ASCEND MONEY
Ascend Money
Fintech / e-payments and digital financial services · Bangkok · Thailand · Founded · 2013 · ≈ · 2,500 · employees

Ascend Money Company Profile

Private

Founded in 2013, Ascend Money operates in fintech / e-payments and digital financial services. Its latest valuation stands at $1.5B. Its shares do not trade on a public exchange.

ProfileValuationFundingCompetitorsStock & IPOHow to invest
Ascend Money at a glance
Raised across rounds
$345M
2 rounds
IPO status
Private
no listing announced
Nearest Canborsa market
HOOD—
HOOD-PERP · live
Valuation history

Ascend Money valuation history

1 valuation. The latest, $1.5B post-money, was set by the Series C in Sep 2021.

Latest valuation
$1.5Bpost-money
Set by the Series C · 26 Sep 2021
Valuations
1
Priced rounds with a valuation
Event type
Primary round
The Series C · $150M raised
Undated: Later Stage VC at —.
Funding history

Ascend Money funding rounds — every disclosed raise

Round
Date
Amount
Valuation
Lead investors
Δ valuation
Series C
Sep 2021
$150M
$1.5B
Charoen Pokphand Group
—
Later Stage VC
—
$195M
—
Mitsubishi UFJ Financial Group (MUFG) Bank
—
Ascend Money · investors

Investors

MMitsubishi UFJ Financial Group (MUFG) BankLEADCCharoen Pokphand GroupLEADBBow Wave Capital ManagementAAnt Group
Will Ascend Money IPO?
Founded
2013
Sep 2021
Series C · $1.5B
IPO
Not announced
No filing has been made.
Ascend Money — the private market
Last valuation$1.5B
Total raised$345M
IPO statusNot announced
Founded · HQ2013 · Bangkok · Thailand
Employees≈ 2,500
Next price updatethe next funding round or secondary sale
Between roundsno daily price and no order book
About Ascend Money

Ascend Money is a Thai fintech group under Ascend Group, a spin-off of Charoen Pokphand Group's True Corporation, operating the TrueMoney e-payment and digital-wallet brand across Southeast Asia. It provides payment and financial services across seven countries including Thailand, Cambodia, Myanmar and Indonesia, and also runs Ascend Nano, a nanofinance and microcredit unit for underserved and small-business customers.

Ascend Money is Southeast Asia's largest financial technology company, serving more than 40 million people across six countries.

The money screen · ranked by accessibility

How to get Ascend Money exposure today

1Funds that hold private namesPublic wrappers

Listed funds carry late-stage private names. A fund's latest schedule of investments shows whether it holds Ascend Money.

Often trade at a premium or discount to NAV.

Any brokerage account
2Secondary marketplacesPrivate shares

Platforms match existing holders with buyers. Ascend Money availability at any moment is set by the holders.

High minimums, transfer approval, company right-of-first-refusal.

Accredited only
3Follow the companyCompanies directory

Valuations, rounds and IPO status for every company in the directory — Ascend Money included.

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Ascend Money stock — frequently asked questions

How can I get exposure to Ascend Money?›

The routes section explains what is realistically available for a company at this stage.

Is Ascend Money publicly traded?›

No. Ascend Money is a private company; its shares do not trade on a public exchange.

What is Ascend Money's valuation?›

The last valuation is $1.5B.

Who has invested in Ascend Money?›

Lead investors for each round are in the funding timeline.

Who are Ascend Money's competitors?›

The closest fintech / e-payments and digital financial services peers are on the competitors page.

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