TrueMoney (Ascend Group)

Business focus

Finance, Insurance & Fintech

Description

TrueMoney, the flagship mobile wallet of Ascend Money (part of Thailand's Charoen Pokphand Group), was founded in 2013 and is backed by Ant Group alongside CP Group. In September 2021 a $150 million round valued Ascend Money at $1.5 billion, making it Thailand's first fintech unicorn. TrueMoney Wallet serves over 50 million users across Thailand, Myanmar, Cambodia, Indonesia, the Philippines and Vietnam.