Charoen Pokphand led a $150m Series C funding round in Ascend Money.

Charoen Pokphand, a holding company, led a $150m Series C funding round in Ascend Money, a fintech company. Bow Wave Capital, an investment firm, and Ant Group, a digital payment platform, also participated. Ascend Money will use the proceeds to grow its e-wallet application – TrueMoney Wallet – and expand its digital financial services ranging from digital lending and digital investment to cross border remittances in Southeast Asia.