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Valuation · 2021

$1.5B

2023 Revenue

$174M

Funding

$150M

Team · 2025

1.4K

Founded

2015

Ascend Money Revenue, Valuation & Funding (2023)

Ascend Money generated $174M in revenue in 2023.

Ascend Money is a leading Southeast Asian fintech company providing innovative payment and financial services across 7 countries (Thailand, Cambodia, Myanmar, Vietnam, Philippines, Indonesia, and Malaysia). Established in 2013, Ascend Money became Thailand's first fintech unicorn in 2021.

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Ascend Money Revenue

In 2023, Ascend Money's revenue reached $174M.

Ascend Money Revenue GrowthReported revenue / ARR over time$0$40M$80M$120M$160M$200M201520162017201820192020202120222023$0$174MSource: GetLatka.com
YearMilestoneSource
2023Ascend Money Hit $174m revenue in December 2023Not recorded
2015Launched with $0 revenue

Ascend Money Valuation, Funding Rounds

Ascend Money reached a $1.5B valuation in 2021, set during its Series C round.

Ascend Money has raised $150M in total funding across 1 round, most recently a $150M Series C round in 2021.

Ascend Money Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$0$400M$40M$800M$80M$1.2B$120M$1.6B$160M$2B$200M2015201620172018201920202021$1.5BSource: GetLatka.com
YearRoundAmountValuation% SoldSource
2021Series C$150M$1.5B10%Not recorded

Ascend Money Employees & Team Size

Ascend Money employs approximately 1.4K people as of 2026.

Ascend Money Team GrowthReported headcount over time03006009001,2001,500201520172019202120232025001,3501,350Source: GetLatka.com
YearMilestoneSource
2025Reached 1.4K employees (November 2025)Not recorded

Frequently Asked Questions about Ascend Money

What is Ascend Money's revenue?

As of 2023, Ascend Money generated $174M in revenue.

What is Ascend Money's valuation?

As of 2021, Ascend Money was valued at $1.5B.

Who founded Ascend Money?

Ascend Money was founded by Tanyapong Thamavaranukupt.

When was Ascend Money founded?

Ascend Money was founded in 2015.

How much funding does Ascend Money have?

Ascend Money raised $150M across 1 round.

How many employees does Ascend Money have?

As of 2025, Ascend Money had 1.4K employees.

Where is Ascend Money headquartered?

Ascend Money is headquartered in Thailand.

Compare Ascend Money to the industry

See how Ascend Money ranks against the best Vertical Industry Software companies by revenue and funding.

Data and Sources

All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.

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