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新2信用网出租:TNG e-Wallet raises RM750mil from latest equity funding round

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TnG group chief executive officer Effendy Shahul Hamid

KUALA LUMPUR: Touch ‘n Go Group (TnG) announced that TNG Digital Sdn Bhd (TNG Digital), the owner and operator of Touch ‘n Go eWallet, has raised RM750 million from its latest round of equity funding.

In a statement today, TNG said the funding round was led by a new investment in TNG Digital by Lazada Group and a follow-on investment by TNG Digital’s current shareholder and parent company, Touch ‘n Go Sdn Bhd.

The group said the new investment by Lazada solidifies the collaboration between key segment leaders -- one in e-commerce and the other in digital financial services and payments.

TnG group chief executive officer Effendy Shahul Hamid said this collaboration will bring next-level value propositions to users and merchant bases across the Lazada and Touch ‘n Go ecosystem.

"The funding round also sets us up nicely for our next phase of growth.

"We will continue to expand in all areas of digital financial services and ensure that our user base is served in an innovative and inclusive manner,” he said.

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Meanwhile, Lazada Malaysia chief executive officer Alan Chan said Lazada is fully committed to providing a seamless customer journey, as well as being a catalyst to stimulate capacity building among its sellers, primarily local small and medium enterprises (SMEs) and micro SMEs.

"We see digital payment services as a critical bolt-on to bring the best customer experience on Lazada.

"Our long-standing partnership with Touch ‘n Go eWallet has served our customers well, allowing buyers to check out easily and quickly," he said.

The latest funding round brings the total amount raised by TNG Digital over the last 18 months to over RM1 billion.

In addition to Touch ‘n Go and Lazada, other shareholders of TNG Digital include Ant Group, AIA Group and United States-based venture fund BowWave Capital. - Bernama


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  • 2022-07-30 00:24:24

    HLIB is also optimistic Malaysia will continue to benefit from the US-China trade war as local manufacturers secure more outsourcing jobs.快出下一章!!!

  • 2022-08-18 00:15:13

    Given the experience of most central banks who were surprised by the force of price increases, it would be unwise to bet the house on that.火了踢我一脚

  • 2022-11-10 00:29:17

    KUALA LUMPUR: MGB Bhd’s wholly owned subsidiary, MGB Construction & Engineering Sdn Bhd has clinched a construction contract worth RM225.03mil.啊接下来发生啥了