Unicorn
Ascend Money (TrueMoney)
Bangkok, Bangkok, Thailand · est. 2013
- Founded
- 2013
- Sectors
- fintech · payments · e-wallet
CP Group fintech founded in 2013 that operates the TrueMoney e-wallet, serving 50m+ users across six Southeast Asian markets. Became Thailand's first fintech unicorn at a US$1.5bn valuation after a US$150m round (Bow Wave, CP Group, Ant Group) in 2021.
People & team
Founders
Suphachai Chearavanont
Key people
- Suphachai ChearavanontFounder & Chairman
- Monsinee NakapanantCo-President
- Tanyapong ThamavaranukuptCo-President
- Status
- Active
- Type
- unicorn
- Founded
- 2013
Sources
3 sources- 01Ascend Money becomes Thailand's first fintech unicornFinTech Futuresaccessed 2026-09-24fintechfutures.com
- 02Ascend Money becomes Thailand's first fintech unicornFintech News SGaccessed 2026-09-24fintechnews.sg
- 03Ascend Money becomes Thailand's first fintech unicornKrASIAaccessed 2026-09-24kr-asia.com