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
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Tng Fintech Group Inc
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
Not available
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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.
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.
| Investor | Description | Founded Year | Domain | Location |
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Operates as an investment management firm specializing in diversified funds and portfolios.
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Science, technology, and engineering solutions are delivered worldwide by KBR.
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Investor details for TNG Wallet
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Investments & Acquisitions by TNG Wallet
Investment portfolio details for TNG Wallet
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Financial Statements - TNG Wallet
Detailed financials for TNG Wallet
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Tng Wallet Comparisons
Peer comparison for TNG Wallet
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cross-border payments are enabled via wallet solutions for consumers.
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Online payments and digital wallet services are facilitated internationally.
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Online cross-border remittance platform for individuals
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Cross-border payments are facilitated for businesses via wallet-enabled mobile solutions.
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Offers NFC-based mobile payment solutions for secure transactions.
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Detailed competitors of TNG Wallet
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Latest news on Tng Wallet
Complete news archive for TNG Wallet
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Frequently Asked Questions about TNG Wallet
TNG Wallet was founded in 2013 and raised its 1st funding round 4 years after it was founded.
TNG Wallet is headquartered in Hong Kong, China.
Alex Kong is the current CEO of TNG Wallet. They have also founded this company.
TNG Wallet is a funded company, having raised a total of $115M across 1 funding round to date.
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.
TNG Wallet has 3 investors. Key investors include KBR, Beijing Lianchuang Yongxuan Investment Management Group, and Nogle Capital Management.
The valuation of TNG Wallet is $565M as of Sep 2017.