Ascend Money raises $150m to become Thailand's first fintech unicorn

Monsinee Nakapanant, co-president of Ascend Money.

Thailand-based digital payment firm Ascend Money has become Southeast Asia’s latest unicorn with a new $150 million funding round from US-based investment firm Bow Wave Capital Management and existing investors CP Group and Ant Group.

The investment values Ascend Money at $1.5 billion, according to a statement, making the company Thailand’s first fintech unicorn.

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