Mitsubishi UFJ Financial Group (MUFG) and Krungsri Finnovate are leading a $195 million investment in Thailand's fintech company Ascend Money.
This significant investment underscores MUFG's strategy to enhance its presence in the Asia-Pacific region and support the growth of digital financial services. Ascend Money, backed by Charoen Pokphand Group, is a key player in Thailand’s digital payment sector, serving 30 million users. The funding aims to bolster Ascend Money’s digital lending business and expand its customer base.
