What is TnG Digital?
TnG Digital Sdn Bhd, a joint venture between Touch 'n Go Sdn Bhd and Ant Group (parent company of Alipay), operates Malaysia's leading eWallet, Touch 'n Go eWallet. Established in 2017, the company leverages Touch 'n Go's strong domestic brand and Ant's expertise in digital financial services to provide comprehensive payment solutions for both retail consumers and small to medium-sized businesses across various physical and online channels. With over 15 million registered users, TNG Digital is a dominant force in Malaysia's fintech landscape, particularly in the transportation ecosystem.
How much funding has TnG Digital raised?
TnG Digital has raised a total of $168.4M across 1 funding round:
Unspecified
$168.4M
Unspecified (2022): $168.4M with participation from Lazada and Touch 'n Go
Key Investors in TnG Digital
Lazada
Lazada is a prominent eCommerce platform that provides a comprehensive suite of services including logistics, technology, and payment solutions across Southeast Asia.
Touch 'n Go
Touch 'n Go is a leading Malaysian fintech enterprise focused on the nation's transportation ecosystems and platform-based payments, offering card, RFID, and eWallet solutions.
What's next for TnG Digital?
The recent major strategic investment signals a new phase of expansion and development for TnG Digital. This capital infusion is expected to fuel further innovation in its payment and financial services offerings, potentially broadening its user base and enhancing its technological infrastructure. The company is well-positioned to capitalize on the growing demand for digital transactions in Malaysia and the wider Southeast Asian region, building on its strong foundation and strategic partnerships.
See full TnG Digital company page
