Charoen Pokphand Group
18 True Tower, Ratchadaphisek Road, Huai Khwang, Bangkok, Krung Thep Maha Nakhon, 10310, Thailand
Overview
With decades of industry leadership across multiple regions, they are recognized as a global leader and innovator in the food business. Their priority is to ensure the highest level of quality and safety in every product. The key to their success lies in their ability to control end-to-end process that meets international standards. they start by using safe, trusted, and traceable materials to manufacture high-quality feed products for their animals. Then they combine advanced technology and research to raise a variety of animals such as chicken, duck, swine, shrimp, and fish in hygienic conditions. This produces the highest quality of meat selection to be processed into tasty, ready-to-eat meals for consumers worldwide. they have also expanded their businesses to several areas which include retail, telecommunication and media, e-commerce and digital, property development, plastics, automotive, finance and insurance, and pharmaceutical.
- Total investments
- 1
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 6
Sector focus
- Agriculture
Investment portfolio
- Ascend Money
Led · Series C · Sep 2021
Ascend Money operates TrueMoney, a digital financial services platform offering e-payments, lending, BNPL, investment and insurance across seven Southeast Asian countries. The company positions itself as Thailand's largest digital financial services provider and became the country’s first fintech unicorn in 2021. TrueMoney serves a broad customer base through an extensive agent network, online and offline merchant partnerships, and reports 30 million active users in Thailand. Ascend Money is part of Ascend Group and is majority‑owned by C.P. Group. The company has stated plans to accelerate inclusive financial services for underserved consumers and SMEs to foster equitable economic growth in Thailand and the region. The recent capital injection is intended to support that expansion and further digital transformation. Ascend Money operates TrueMoney Wallet, a digital payments and financial-services platform that serves more than 50 million users and is supported by about 88,000 TrueMoney agents. The company has a regional presence across six Southeast Asian countries: Thailand, Myanmar, Cambodia, Indonesia, the Philippines and Vietnam. Ascend plans to use new funding to grow the TrueMoney Wallet user base and to expand digital lending, digital investment and cross-border remittances across the region. The platform is positioned around digital payments and broader financial services delivered via its e-wallet and agent network. Ascend was founded in 2013 by Chairman Suphachai Chearavanont and is co-led by Co-Presidents Monsinee Nakapanant and Tanyapong Thamavaranukupt.