What is TnG Digital?
TnG Digital Sdn Bhd, a joint venture between Touch 'n Go Sdn Bhd and Ant Group, operates Malaysia's leading e-wallet platform, Touch 'n Go eWallet. Established in 2017, the company leverages Touch 'n Go's strong domestic brand recognition and extensive user base, particularly in toll, transit, and parking sectors, combined with Ant Group's expertise in digital payments and inclusive financial services. With over 15 million registered users, TnG Digital serves both retail consumers and small to medium-sized businesses, facilitating a wide array of financial and payment services across physical and online channels.
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 offering comprehensive logistics, technology, and payment solutions across Southeast Asia, indicating a strategic interest in integrated digital commerce and payment ecosystems.
Touch 'n Go
Touch 'n Go is Malaysia's leading consumer-facing financial technology enterprise, specializing in transportation ecosystems and platform-based payments, demonstrating a deep commitment to the nation's digital payment infrastructure.
What's next for TnG Digital?
The substantial enterprise-level funding positions TnG Digital for accelerated expansion and innovation within Malaysia's burgeoning digital payments sector. This strategic capital injection is expected to fuel further development of its e-wallet services, enhance its technological infrastructure, and potentially broaden its reach into new market segments. The company's focus on integrating diverse payment use cases and its strong backing from established players suggest a continued emphasis on driving digital financial inclusion and solidifying its market leadership.
See full TnG Digital company page
