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Ascend Money announces another key milestone with an investment from Mitsubishi UFJ Financial Group (MUFG) together with the Finnoventure Private Equity Trust I Fund.
The investment will help Ascend Money accelerate
its plan to provide inclusive financial services
for underserved consumers and SMEs, fostering
equitable economic growth and financial
well-being in Thailand.
This strategic investment signifies a strong
commitment from both organizations to drive the
growth of digital finance in Thailand by
developing even more innovative products and
services that meet the needs of both individuals
and small businesses, thanks to MUFG’s global
expertise, combined with Ascend Money’s deep
understanding of the local market.
“We are delighted to welcome MUFG’s joint
investment in Ascend Money alongside existing
investors C.P. Group, ANT Group, and Bow Wave
Capital Management. This is a significant
milestone for Ascend Money, which not only
validates our commitment to innovation and
financial inclusion in Thailand but also
demonstrates a growing interest and confidence
in Ascend Money’s potential,” said Suphachai
Chearavanont, Founder and Chairman of the Board
of Ascend Money.
Thank you for your continued support! We
couldn’t have reached this milestone without the
trust and loyalty of our 30 million active
users. We’re excited to continue serving you and
building a more inclusive financial future
together.
#AscendMoney #TrueMoney #MUFG #Finnoventure
#Fintech #FinancialInclusion #Thailand
#DigitalFinance