Omise unifies Sinar Mas and Ascend for $17.5m

Jul 22, 2016 • Thierry Heles

The payment services provider hopes to expand across Southeast Asia following its series B round, which featured SBI, Sinar Mas and Ascend Group.

Financial services firm SBI Holdings has led a $17.5m series B round for Thailand-based payment services provider Omise which also included conglomerate Sinar Mas and e-commerce group Ascend, TechCrunch reported yesterday.

Ascend invested through Ascend Money, its financial division, while Sinar Mas participated through its corporate venturing vehicle, Sinar Mas Digital Ventures. The round also featured venture capital firm Golden Gate Ventures.

Founded in 2014, Omise operates a platform that allows merchants to accept credit card payments online. The technology…

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