About TNG Wallet
TNG Wallet is a Financial Services company based in Hong Kong (China) founded in 2013 by Alex Kong. NFC-enabled wallet is provided for consumer payments and transfers. 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 was last valued at $565 million in September 2017. Its chief executive, as recorded, is Alex Kong. Its focus areas include FinTech, Payments, Consumer Payments and Wallets. Its legal entity is TNG FINTECH GROUP INC. Its competitors include RD Technologies, Shandianshua and Foris; 1 of its 3 listed competitors has raised funding.
Company details
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.
- Headquarters Hong Kong, China
- Founders Alex Kong
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website tngwallet.hk
- Social LinkedIn X Facebook YouTube
- Legal Name Tng Fintech Group Inc
- Total Equity Funding$115M (USD)
in 1 rounds
- Latest Funding Round$115M (USD), Series A
Sep 2017
- InvestorsKBR
& 2 more
Apps and channels of TNG Wallet
its YouTube channel TNG Wallet has 10.9K subscribers and 30 videos.
Videos from TNG Wallet
The most watched videos on TNG Wallet's YouTube channel, TNG Wallet (10.9K subscribers). Click a video to play it here.
More on TNG Wallet.
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 $115M
- Total Rounds 1
- Last Round Series A — $115M
- First Round $115M
(Sep 2017)
- Investors Count 3
All 1 funding rounds of TNG Wallet with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2017 | $115M | Series A | $565M | Beijing Lianchuang Yongxuan Investment Management Group |
| Date | Valuation | Stage |
|---|---|---|
| Sep 2017 | $565M | •••••••• |
Last known valuation $565M (Sep 2017). 3 investors in total: 3 institutional.
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 |
|---|---|---|---|---|
| noglecapital.com | ||||
Operates as an investment management firm specializing in diversified funds and portfolios. | 2011 | newmargin.cn | Chaoyang, China | |
Science, technology, and engineering solutions are delivered worldwide by KBR. | 1919 | kbr.com | Houston, United States |
Investor details for TNG Wallet
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
People of TNG Wallet
1 people are tracked at TNG Wallet (1 in leadership).
| Name | Role | Group |
|---|---|---|
Alex Kong | Founder & CEO | Leadership |
Complete people profiles for TNG Wallet
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
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Verified entity values are shown only after access is granted.
Timeline of TNG Wallet
3 dated milestones of TNG Wallet across 4 years, from founding to its latest funding, stage changes and deals.
- Founded TNG Wallet is founded.
- Funding First funding round of $115.0M.
- Milestone Reaches Minicorn status.
Competitors of TNG Wallet
TNG Wallet has 3 listed competitors in our database, 1 of them funded. They include RD Technologies, Shandianshua and Foris.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| rd.group | 2020 | Hong Kong, China | $47.8M | Cross-border payments are facilitated for businesses via wallet-enabled mobile solutions. | ||
| shandianshua.com | 2014 | Beijing, China | Offers NFC-based mobile payment solutions for secure transactions. | |||
| foris.co | 2016 | Hong Kong, China | Universal multi-currency mobile money accounts with VISA cards are provided. |
Detailed competitors of TNG Wallet
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of TNG Wallet
Websites that share an audience with TNG Wallet (tngwallet.hk).
Websites whose visitors overlap most with TNG Wallet. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| tngdigital.com.my | 100% | 4.1M | #13,290 | View details | |
| acnnewswire.com | 90% | #648,152 | View details | ||
| touchngo.com.my | 86% | 955.5K | #32,473 | View details | |
| startmeup.hk | 86% | #957,375 | View details | ||
| hkma.gov.hk | 86% | #139,486 | View details |
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Related news about Tng Wallet
Complete news archive for TNG Wallet
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Verified entity values are shown only after access is granted.
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 CEO of TNG Wallet, as recorded in our data. They have also founded this 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 2017.
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's top competitors include RD Technologies, Foris and Shandianshua.
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.
TNG Wallet operates through Tng Fintech Group Inc.