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Hong Kong fintech startup TNG raises US$115M to invest in blockchain, AI, chatbots and more

Monday, September 11, 2017


(e27 by Yon Heong Tung) - Hong Kong fintech startup TNG has raised US$115 million in Series A round led by New Margin Capital, a major Chinese private equity fund which has invested over US$1.7 billion in more than 160 companies, with 40 IPO exits.

Participating investors include Taiwan-based venture studio Nogle Group, and Infinity-KBR Group.

The whopping tranche of financing has put TNG at a valuation of US$565 million, according to an official press release.

TNG will use the new funding to ramp up its reach into global markets such as the UK, fund new acquisitions and invest in new technologies such as blockchain, AI, chatbot and e-KYC platform.

TNG also offers a gamut of financial services including global remittance, global cash withdrawal, P2P money transfer, global SIM top-up, and more.

 

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