PR Newswire
Ascend Money secured investment from MUFG to accelerate digital financial inclusion in Thailand
June 26, 2024
BANGKOK, June 26, 2024 /PRNewswire/ -- Ascend Money, Southeast Asia's homegrown fintech company, and Mitsubishi UFJ Financial Group, Inc. (MUFG), have announced that MUFG's consolidated subsidiary, MUFG Bank, Ltd., as a lead investor, together with the Finnoventure Private Equity Trust I fund managed by Krungsri Finnovate Co., Ltd. have made a combined investment of USD 195 million in Ascend Money Co, Ltd. This strategic investment signifies a strong commitment from both organizati