Ascend Money
Date | Investors | Amount | Round |
---|---|---|---|
* | $150m Valuation: $1.5b | Series C | |
* | $195m Valuation: $2.0b | Late VC | |
Total Funding | AUD533m |
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Recent News about Ascend Money
EditAscend Corporation is a Southeast Asian digital services company that operates in various sectors, including fintech, e-commerce, and data centers. The company aims to be a regional leader in providing digital solutions for both customers and businesses.
Ascend Money, one of the company's affiliated businesses, is a fintech company that offers innovative financial services. It primarily serves the underserved and digital markets in Southeast Asia. With over 30 million customers across six countries, Ascend Money has processed over USD 4.7 billion, contributing to 13% of Cambodia's GDP in 2017.
Another arm of Ascend Corporation is Ascend Commerce, an e-commerce business that offers a range of services, including e-procurement solutions, office supplies, travel services, fulfillment, and digital marketing. In 2017, Ascend Commerce saw a record revenue growth of over 27%.
The company also operates data centers and provides cloud services through TrueIDC. These services cater to the needs of enterprises, medium-sized firms, and government agencies, supporting Thailand's digital economy. In 2017, TrueIDC launched three new data centers and partnered with SuperNAP, a leading data center provider.
In summary, Ascend Corporation is a diverse digital services company that operates in the fintech, e-commerce, and data center sectors. It serves a wide range of clients, from individuals to businesses and government agencies, and generates revenue through its various services.
Keywords: Ascend Corporation, Southeast Asia, digital services, fintech, Ascend Money, e-commerce, Ascend Commerce, data centers, TrueIDC, digital economy.