About TNG Wallet
TNG Wallet is a company based in Hong Kong (China) founded in 2013 by Alex Kong.. TNG Wallet has raised $115 million across 1 funding round from investors including KBR, Beijing Lianchuang Yongxuan Investment Management Group and Nogle Capital Management. TNG Wallet operates in a competitive market with competitors including MoneyGram, Skrill, Pomelo, RD Technologies and Shandianshua, among others.
- Headquarter Hong Kong, China
- Founders Alex Kong
- Stage Minicorn
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Tng Fintech Group Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$115 M (USD)
in 1 rounds
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Latest Funding Round
$115 M (USD), Series A
Sep 11, 2017
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Investors
KBR
& 2 more
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Employee Count
Employee Count
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Funding Insights of TNG Wallet
TNG Wallet has successfully raised a total of $115M through 1 strategic funding round. The most recent funding activity was a Series A round of $115 million completed in September 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $115.0M
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First Round
First Round
(11 Sep 2017)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2017 | Amount | Series A - TNG Wallet | Valuation | Beijing Lianchuang Yongxuan Investment Management Group |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in TNG Wallet
TNG Wallet has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include KBR, Beijing Lianchuang Yongxuan Investment Management Group and Nogle Capital Management. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Founded Year | Domain | Location | |
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Operates as an investment management firm specializing in diversified funds and portfolios.
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Founded Year | Domain | Location | |
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Science, technology, and engineering solutions are delivered worldwide by KBR.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by TNG Wallet
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - TNG Wallet
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Tng Wallet Comparisons
Competitors of TNG Wallet
TNG Wallet operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MoneyGram, Skrill, Pomelo, RD Technologies and Shandianshua, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cross-border payments are enabled via wallet solutions for consumers.
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| domain | founded_year | HQ Location |
Online payments and digital wallet services are facilitated internationally.
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| domain | founded_year | HQ Location |
Online cross-border remittance platform for individuals
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| domain | founded_year | HQ Location |
Cross-border payments are facilitated for businesses via wallet-enabled mobile solutions.
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| domain | founded_year | HQ Location |
Offers NFC-based mobile payment solutions for secure transactions.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about TNG Wallet
When was TNG Wallet founded?
TNG Wallet was founded in 2013 and raised its 1st funding round 4 years after it was founded.
Where is TNG Wallet located?
TNG Wallet is headquartered in Hong Kong, China.
Who is the current CEO of TNG Wallet?
Alex Kong is the current CEO of TNG Wallet. They have also founded this company.
Is TNG Wallet a funded company?
TNG Wallet is a funded company, having raised a total of $115M across 1 funding round to date. The company's 1st funding round was a Series A of $115M, raised on Sep 11, 2017.
What does TNG Wallet do?
NFC-enabled and card-linked wallet for consumers. Users can purchase multiple foreign currencies on the wallet and transfer funds. Users can make online and offline payments at public transport, vending machines, physical online stores, and mobile apps. Offers membership packs based on transaction limit, store value, and additional features. App is available on iOS and Android devices.
Who are the top competitors of TNG Wallet?
Who are TNG Wallet's investors?
TNG Wallet has 3 investors. Key investors include KBR, Beijing Lianchuang Yongxuan Investment Management Group, and Nogle Capital Management.
What is TNG Wallet's valuation?
The valuation of TNG Wallet is $565M as of Sep 2017.