- TNG Digital plans Malaysian IPO
- Potential $300 million raise. Aims for unicorn status
- Southeast Asian expansion targeted
Unicorn in the Making?
Malaysia’s largest fintech player, TNG Digital, is reportedly considering a domestic IPO within the next 2-3 years.
Sources suggest the company could raise over $300 million, potentially achieving unicorn status before going public.
E-Wallet Powerhouse
TNG Digital operates Touch ‘n Go eWallet, one of Malaysia’s most popular digital payment platforms.
The company boasts over 20 million verified users and facilitates payments for more than 2 million merchants across the country.
Expansion on the Horizon
The potential IPO proceeds would likely fuel TNG Digital’s growth plans in Malaysia and throughout Southeast Asia.
The company already offers a diverse range of financial services, including investments, lending, remittances, and insurance, positioning itself as a comprehensive fintech solution in the region.
