TNG FinTech Group Valuation, Funding & Investors

TNG FinTech Group is valued at $860M as of September 2018.

Last TNG FinTech Group valuation

$860M

Series C · Sep 2018

Last TNG FinTech Group funding round

$60M

Series C · Sep 2018

Cumulative funding TNG FinTech Group raised

$200M

across 4 funding rounds

Key investors in TNG FinTech Group

  • NewMargin Ventures
  • Regal Planet Holdings Limited
  • NWS Holdings
  • Nogle
  • Nogle Ventures Limited
  • Chelsea Vanguard Fund

TNG FinTech Group Overview

About TNG FinTech Group

TNG FinTech Group is a Hong Kong-based fintech company founded in 2014 developing social banking platforms. It enables real-time fund transfers and instant messaging interoperability for e-wallets, banks, and merchants across Asia and beyond.


Founded

2014

HQ

Hong KongHong Kong

Status

Privately held

Customer focus

B2B

Revenue model

Services

Valuation

$860M (Sep 2018)

TNG FinTech Group Valuation

TNG FinTech Group is currently valued at $860M, based on its Series C in September 2018.

The $60M round was led by Chelsea Vanguard Fund and Regal Planet Holdings Limited.

TNG FinTech Group's valuation has grown 7.3x from $118M at its seed round in March 2015 to $860M in September 2018, across 4 priced rounds.

TNG FinTech Group valuation by funding round

TNG FinTech Group valuation by funding round
DateStageValuation
Sep 2018Series C$860M
May 2018Series B$457M
Sep 2017Series A$565M
Mar 2015Seed$118M

TNG FinTech Group Funding History

TNG FinTech Group has raised a total of $200M across 4 funding rounds.

TNG FinTech Group's first fundraising round was a $18M seed round in March 2015. The most recent completed round was a $60M Series C in September 2018.

TNG FinTech Group funding rounds

TNG FinTech Group funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Sep 2018Series CChelsea Vanguard Fund (lead); Regal Planet Holdings Limited (lead)$60M$860MTNG FinTech Group is a Hong Kong-based fintech company with total funding of $200M from investors Chelsea Vanguard Fund and Regal Planet Holdings Limited. References to TNG Fintech Group appear in SEC filings related to later transactions, such as a business combination involving Seamless Group Inc., where predecessor entities and investors like Regal Planet Limited and Chelsea Vanguard Fund are noted in agreements. The company is positioned in the Asian fintech space, potentially competing with others like TNG Digital in Malaysia.
May 2018Series BNewMargin Ventures (lead); Nogle Ventures Limited (lead); Guardstone Technology Investment Company Limited; KBR Global Acquisition Fund SPC$7M$457MTNG FinTech Group operates TNG Wallet, providing accessible financial services like remittances at low or no fees to unbanked populations in Pan-Asia, targeting 1.2-2 billion people. Established in 2015 by Alex Kong Takis Wong, the company serves clients including China Unicom Hong Kong and Pricerite, with 51-100 employees. In its Series A stage, investors included NewMargin Ventures, Nogle Group (likely Ventures Limited), and Infinity-KBR Group.
Sep 2017Series ANewMargin Ventures (lead); Infinity-KBR Group; Nogle$115M$565MTNG FinTech Group, a Hong Kong-based fintech company, operates TNG Wallet, a digital wallet platform launched in November 2015 that offers payment services, person-to-person money transfers, global remittances, and cash withdrawals. It was among the first to secure a Stored Value Facilities Licence from the Hong Kong Monetary Authority and has seen rapid growth over its first 18 months. The company completed a record-breaking Series A funding round in September 2017, raising $115 million at a post-money valuation of $565 million, marking the largest Series A for any Hong Kong startup and one of the largest globally for fintechs. The round was led by New Margin Capital, a Chinese private equity firm with over $1.7 billion invested across 160 companies and 40 IPO exits, with participation from Nogle Group, a Taiwanese venture studio, and Infinity-KBR Group. This funding positions TNG as one of the largest fintech groups worldwide. Proceeds are earmarked for global expansion, acquisitions, and investments in technologies like blockchain, AI, chatbots, and e-KYC platforms. TNG's success has been highlighted by Cyberport, Hong Kong's innovation hub, where it incubated, with Chairman Dr. George Lam praising its technology and business model as a showcase for Hong Kong fintech.
Mar 2015SeedRegal Planet Holdings Limited (lead); NWS Holdings$18M$118M-

Who has invested in TNG FinTech Group?

9 investors have backed TNG FinTech Group across its funding rounds, including NewMargin Ventures, Regal Planet Holdings Limited, NWS Holdings, Nogle, Nogle Ventures Limited and Chelsea Vanguard Fund.

Lead investors include Chelsea Vanguard Fund, Regal Planet Holdings Limited, NewMargin Ventures and Nogle Ventures Limited.


TNG FinTech Group Investors

Investors in TNG FinTech Group by funding rounds participated
InvestorHQRoundsRoleFirst check
Regal Planet Holdings Limited--2LeadMar 2015
NewMargin VenturesChinaShanghai2LeadSep 2017
NWS HoldingsHong KongHong Kong1ParticipantMar 2015
Nogle Ventures LimitedSingaporeSingapore1LeadMay 2018
Infinity-KBR Group--1ParticipantSep 2017
Chelsea Vanguard Fund--1LeadSep 2018
Guardstone Technology Investment Company LimitedChinaHong Kong1ParticipantMay 2018

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by TNG FinTech Group

TNG FinTech Group has acquired 2 companies to date.

Last acquisition by TNG FinTech Group was on November 5th 2018. TNG FinTech Group acquired Tranglo for $42M.


Latest Acquisitions by TNG FinTech Group

Tranglo
WalletKu
Description
Tranglo is a Kuala Lumpur-headquartered fintech platform enabling licensed financial institutions, businesses, and consumers to execute cross-border payouts and transfers via its FI solutions and B2C products like Tik FX and TreatsUp. Since launching its first prepaid reload service in 2008 for the Malaysia-Indonesia corridor, Tranglo expanded to real-time peer-to-peer airtime transfers that year and introduced FI payout solutions for Indonesia, Philippines, and Bangladesh in 2011. The platform has facilitated over USD 1 billion in transactions for global clients.
WalletKu is a Jakarta-based social impact fintech transforming Indonesia's mini-mart ecosystem through turn-key store renovations, inventory supply, equipment provision, and point-of-sale systems for supply-chain automation. Targeting warungs across Southeast Asia, it boosts owner incomes via digital payment acceptance and inventory tracking. Partnering with local governments, the company integrates with payment networks like GoPay and OVO. Founded in 2020, it expands operations in Vietnam and Philippines.
HQ CountryMalaysiaIndonesia
HQ City
Kuala Lumpur
Jakarta
Deal Date5 Nov 201822 Oct 2018
Valuation$42Mundisclosed
EV/Revenue
EV/EBITDA

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Investments by TNG FinTech Group

TNG FinTech Group has invested in 4 companies to date.

Latest investment by TNG FinTech Group was on September 11th 2019. TNG FinTech Group invested in K-HUB in their $3M Seed round.


Latest Investments by TNG FinTech Group

K-HUB
Wall Street Factory
WalletKu
Global E-money Alliance
Description
K-HUB is a Hong Kong-headquartered holding company owning WHub and AngelHub. WHub runs startup ecosystem programs connecting entrepreneurs with investors and corporations in Hong Kong, Shanghai, and Tokyo. AngelHub operates an equity crowdfunding platform allowing public participation in startup funding rounds.
Wall Street Factory is a Hong Kong Island-headquartered platform founded in 2018 to support FinTech startups entering the Asian market. The company offers financial modeling tools, valuation services, and consulting tailored for emerging FinTech firms, enabling them to secure funding and scale operations in hubs like Hong Kong and Singapore.
WalletKu is a Jakarta-based social impact fintech transforming Indonesia's mini-mart ecosystem through turn-key store renovations, inventory supply, equipment provision, and point-of-sale systems for supply-chain automation. Targeting warungs across Southeast Asia, it boosts owner incomes via digital payment acceptance and inventory tracking. Partnering with local governments, the company integrates with payment networks like GoPay and OVO. Founded in 2020, it expands operations in Vietnam and Philippines.
Global E-money Alliance is a social banking platform founded in 2013 in Nieuw-Amsterdam, Drenthe, Netherlands, enabling interoperability among banks, e-wallets, and merchant networks via cross-platform messaging and P2P calls to cut transaction costs and expand reach.
HQ CountryHong KongHong KongIndonesiaNetherlands
HQ City
Hong Kong
Hong Kong
Jakarta
Emmen
Deal Date11 Sep 201915 Oct 20182 Oct 201810 Jan 2018
RoundSeedSeedSeedSeed
Raised$3M$3M$3M$10M
InvestorsKharis Capital---
Valuationundisclosedundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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TNG FinTech Group Competitors

TNG FinTech Group competitors include listed companies like PicPay and PaySign, and private ones like Hala, Sipay, AtoB and Zolve.

Public and private companies comparable to TNG FinTech Group
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
HalaSaudi ArabiaRiyadhPrivate--$900M-
PicPayBrazilBrazilPublicly listed$1.2B$205M$1.2B0.5x
SipayTurkeyIstanbulPrivate$600M-$875M1.5x
AtoBUnited StatesSan Francisco, CAPrivate$100M-$800M-
ZolveIndiaBangalorePrivate$25M-$800M32.0x
PaySignUnited StatesUnited StatesPublicly listed$82M$16M$701M6.4x

TNG FinTech Group Public Comps

TNG FinTech Group is still privately-owned, but its public comps include Wema Bank, Worldline, SY Holdings Group, Eurowag, Judo Bank, Forbright Bank, Superbank Indonesia, Green Dot, Bank Jago and Agibank.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Wema Bank$312M-2.8x---
Worldline$4.6B($5.2B)0.6x0.7x(0.6x)3.8x
SY Holdings Group$135M$120M5.8x-6.5x-
Eurowag$2.7B$119M0.5x3.0x10.3x7.5x
Judo Bank$368M-2.2x2.1x--
Forbright Bank$325M-2.9x---
Superbank Indonesia$89M-10.8x---
Green Dot$2.1B($12M)0.4x0.3x(63.9x)4.2x

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Common questions about TNG FinTech Group

When was TNG FinTech Group founded?TNG FinTech Group was founded in 2014.
Where is TNG FinTech Group headquartered?TNG FinTech Group is headquartered in Hong Kong, Hong Kong.
Is TNG FinTech Group publicly listed?No, TNG FinTech Group is a private, VC-backed company.
What is TNG FinTech Group's valuation?TNG FinTech Group was last valued at $860M in its Series C in September 2018.
How much funding has TNG FinTech Group raised?TNG FinTech Group has raised $200M across 4 funding rounds.
What was TNG FinTech Group's last funding round?TNG FinTech Group's last funding round was a $60M Series C in September 2018, led by Chelsea Vanguard Fund and Regal Planet Holdings Limited.
Who are TNG FinTech Group's investors?TNG FinTech Group's investors include Regal Planet Holdings Limited, NewMargin Ventures, NWS Holdings, Nogle Ventures Limited, Infinity-KBR Group, Chelsea Vanguard Fund, Guardstone Technology Investment Company Limited, Nogle and KBR Global Acquisition Fund SPC.
Which companies are comparable to TNG FinTech Group?Companies comparable to TNG FinTech Group include Hala, PicPay, Sipay, AtoB, Zolve and PaySign.
How many companies has TNG FinTech Group acquired?TNG FinTech Group has acquired 2 companies, including Tranglo and WalletKu.
What was the largest acquisition by TNG FinTech Group?The $42M acquisition of Tranglo in November 2018 is the largest acquisition TNG FinTech Group has made to date.
How many companies has TNG FinTech Group invested in?TNG FinTech Group has invested in 4 companies, including K-HUB, Wall Street Factory, WalletKu and Global E-money Alliance.
What was TNG FinTech Group's last investment?In September 2019, TNG FinTech Group invested in K-HUB's $3M seed round alongside Kharis Capital.

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