Malaysia's leading fintech firm, TNG Digital, plans a domestic IPO within 2-3 years, seeking $300M for expansion.

Malaysia's leading fintech firm, TNG Digital, backed by Lazada, is planning a domestic IPO within the next 2 to 3 years, seeking to raise over $300 million. This move follows a successful funding round in 2022 and aims to support its expansion in Malaysia and Southeast Asia. TNG Digital offers various financial services through its Touch 'n Go eWallet, serving over 20 million users and facilitating payments for over two million merchants.

September 20, 2024
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