TNG Digital Becomes Malaysia’s Newest Unicorn, IPO Under Consideration

TNG Digital Sdn Bhd, Malaysia’s largest fintech firm and operator of the popular Touch ‘n Go e-wallet, has achieved unicorn status with a valuation exceeding US$1 billion, according to shareholder CIMB Group. Country head Gurdip Singh Sidhu confirmed the milestone and said while an IPO is being considered, there are no immediate plans. TNG Digital, now profitable, becomes Malaysia’s second unicorn after Carsome Group. The government aims to identify five unicorns by 2030. TNG Digital is 45%-owned by CIMB’s Touch ‘n Go Sdn Bhd and continues to show strong growth in the digital payments space.

TNG DIGITAL

Business News

Binghatti Picks Malaysia as Southeast Asia Hub to Attract Dubai Property Investors