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Founded Year

2013

Stage

Series C | Alive

Total Raised

$150M

Valuation

$0000 

Last Raised

$150M | 2 yrs ago

About Ascend Money

Ascend Money is a regional fintech company operating in the digital services and platform sector. The company offers innovative financial services aimed at improving the lives of underserved and digital consumers. It primarily serves the fintech industry. It was founded in 2013 and is based in Bangkok, Thailand.

Headquarters Location

89 Ratchadaphisek Road AIA Capital Center Building, 18-19th Floor

Bangkok, 10400,

Thailand

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ESPs containing Ascend Money

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Consumer & Retail / E-Commerce

The e-commerce fulfillment & logistics market offers last-mile shipping, logistics, and fulfillment solutions to e-commerce and omnichannel businesses. It involves the efficient management of inventory, order processing, picking, packing, and last-mile delivery. The market is driven by the rapid growth of e-commerce, with businesses striving to meet customer expectations for fast and reliable orde…

Ascend Money named as Challenger among 15 other companies, including Amazon, ShipBob, and Delhivery.

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Research containing Ascend Money

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Ascend Money in 1 CB Insights research brief, most recently on Sep 29, 2021.

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

E-Commerce

10,697 items

Companies that sell goods online (B2C), or enable the selling of goods online via tech solutions (B2B).

S

Supply Chain & Logistics Tech

4,591 items

Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).

U

Unicorns- Billion Dollar Startups

1,229 items

F

Fintech

12,502 items

Excludes US-based companies

P

Payments

199 items

Latest Ascend Money News

TrueMoney Now Supports DuitNow QR Payments

Jan 16, 2024

TrueMoney Now Supports DuitNow QR Payments TrueMoney, a payments firm and subsidiary of Thailand’s Ascend Money, has expanded its services to include DuitNow QR code payments, allowing users to make seamless transactions at a wide range of merchants across Malaysia. This new feature is accessible via the TrueMoney app , where users can scan DuitNow QR codes to pay at over 22,000 merchants and 35,000 payment points nationwide. As of 2024, TrueMoney is planning to introduce online payment and international remittance services, aiming to enhance financial flexibility both locally and internationally. In conjunction with the Chinese New Year, TrueMoney has launched the “Huat’s Up” campaign from 15 January to 29 February. During this period, users spending a minimum of RM28 through DuitNow QR and TrueMoney merchants, as well as on bill payments and mobile top-ups, can receive TrueAngpao, a special reward in line with the festive season. Jessie Chong Jessie Chong, Ascend Group’s Country Managing Director shared, “DuitNow acceptance marks a pivotal moment for TrueMoney. Nearly 1.9 million people use the DuitNow QR platform, highlighting the growing preference for contactless payments. By strategically embracing one of Malaysia’s most popular QR payment networks, we empower millions of users with unmatched convenience and choice. In a crowded fintech landscape, supporting DuitNow QR positions TrueMoney as a comprehensive all-in-one payment solution.” Get the hottest Fintech Malaysia News once a month in your Inbox

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 89 Ratchadaphisek Road, Bangkok.

  • What is Ascend Money's latest funding round?

    Ascend Money's latest funding round is Series C.

  • How much did Ascend Money raise?

    Ascend Money raised a total of $150M.

  • Who are the investors of Ascend Money?

    Investors of Ascend Money include Ant Group, Charoen Pokphand Group and Bow Wave Capital.

  • Who are Ascend Money's competitors?

    Competitors of Ascend Money include Kredivo Holdings and 4 more.

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Compare Ascend Money to Competitors

Kuda Logo
Kuda

Kuda operates in the financial services sector. The company offers a range of services including money transfers, savings and investment options, and credit facilities such as overdrafts and term loans. Kuda primarily serves individuals and businesses, providing solutions for personal finance management and business operations. Kuda was formerly known as Kudimoney Bank. It was founded in 2018 and is based in Lagos, Nigeria.

P
PChome Thai

PChome Thai is an e-commerce company. It provides e-commerce and online payment services in various modes, including B2C, B2B2C, and C2C. It is an online marketplace and related tools that allow users of the site and the services to directly buy and sell products, goods, and services from and to each other. PChome Thai was founded in 2015 and is based in Bangkok, Thailand.

F
FairMoney

FairMoney offers a digital banking firm for small businesses to finance. It applies machine learning techniques to smartphone data to assess creditworthiness. The company offers a range of digital financial products including, near-instant digital loans 24/7, investment products, savings, payments, and cards directly via its mobile application. FairMoney was formerly known as Predictus. It was founded in 2017 and is based in Ikeja, Nigeria.

Akulaku Logo
Akulaku

Akulaku operates as an online banking and digital finance platform. It provides a wide range of virtual payments and digital banking solutions that allows users to make installment payments via credit and debit cards. The company was founded in 2016 and is based in Jakarta, Indonesia.

K
Kredivo Holdings

Kredivo Holdings provides financial services to leverage deep data analytics across users' digital footprint and automate credit risk scoring in Southeast Asia. Its product, Kredivo, is a buy now, pay later solution that enables e-commerce buyers to apply and qualify for instant credit and pay back over time. The company was formerly known as FinAccel. It was founded in 2015 and is based in Singapore, Singapore.

Xendit Logo
Xendit

Xendit provides a payment solutions platform. The company enables businesses to accept payments, disburse payroll, run marketplaces, and more. It offers automatic payout, on-demand payouts, integration services, and more. It was founded in 2014 and is based in South Jakarta, Indonesia.

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