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#921 by ARRThailandascendcorp.com ↗

Ascend Money

Ascend Money runs TrueMoney, a Southeast Asian digital wallet and financial services platform for underserved consumers, the under-banked, and SMEs.

FinTechDigital PaymentsDigital LendingInsurtechE-Wallet
ARR
$174M revenue (est.)
as of Oct 2026
Employees
1.4K
as of Oct 2026
Valuation
$1.5B
8.6× ARR
ARR / employee
$124K
revenue efficiency
About Ascend Money

Ascend Money is a fintech company under Ascend Group, which is owned by Charoen Pokphand Group. Its TrueMoney platform offers e-payments, lending, BNPL, investment and insurance. It operates in 7 countries (Thailand, Cambodia, Myanmar, Vietnam, the Philippines, Indonesia and Malaysia) through an app and an agent network. It became Thailand's first fintech unicorn in 2021, when it raised $150M at a $1.5B valuation. In June 2024 it raised a further $195M led by MUFG. It reported about 30 million active users in Thailand in 2024.

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