# TNG Digital Sdn. Bhd.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tng-digital-sdn-bhd

- Industry: Financial Services
- Headquarters: Kuala Lumpur, Malaysia
- Website: www.tngdigital.com.my
- Total disclosed funding: $122M
- Latest round: Series C (Nov 1, 2021)
- Investors on record: 4

## About

TNG Digital Sdn. Bhd. is a digital financial services company focused on providing innovative solutions that enhance payment processes and streamline operations for businesses across various sectors in Malaysia.Founded in 2017 and headquartered in Kuala Lumpur, Malaysia, TNG Digital Sdn. Bhd. specializes in digital financial services. The company raised USD 168.96 mn in SERIES D funding on July 22, 2022, led by Lazada Group, with participation from Touch 'n Go Sdn Bhd. The total amount raised to date is USD 168.96 mn, with a current valuation of USD 829.495 mn. The leadership team includes CEOs Chanel Qian, Mohd Hassan, and Praba Sangarajoo.TNG Digital Sdn. Bhd. delivers a variety of digital financial services, including advanced payment solutions that cater to the needs of businesses in logistics, finance, and healthcare. Their offerings aim to enhance operational efficiency and reduce costs, integrating seamlessly into existing business processes to serve both SMEs and large corporations.In the most recent year, TNG Digital Sdn. Bhd. reported a revenue of USD 51.46 mn. The company operates on a subscription-based revenue model, providing access to its software solutions through scalable pricing tiers designed for different business sizes. This model includes direct subscriptions and partnerships that leverage the company's technology.Following the recent SERIES D funding in July 2022, TNG Digital Sdn. Bhd. plans to utilize the USD 168.96 mn investment to further its growth in the digital financial services sector. The company aims to introduce new products that enhance its offerings and is focused on expanding into additional geographic markets in Southeast Asia by the end of 2024. These initiatives will support the company's strategy to advance its digital financial services portfolio and reach more customers.

## Funding rounds

- Series C, Nov 1, 2021, $122M — Ant Group Co., Ltd., CIMB Group Holdings Berhad, Bow Wave Capital Management, AIA Malaysia

## Investors

- Ant Group Co., Ltd. — Series C
- CIMB Group Holdings Berhad — Series C
- Bow Wave Capital Management (https://capitalatlas.ai/funds/bow-wave-capital-management) — Series C
- AIA Malaysia — Series C