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# Malaysia-based TNG Digital secures over $168 million in funding
- URL: https://www.techloy.com/malaysia-based-tng-digital-secures-over-168-million-in-funding/
- Published: 2022-07-25T16:41:38.000Z
- Updated: 2022-12-07T23:16:14.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: / Fintech, Malaysia

[TNG Digital,](https://www.touchngo.com.my/) a Malaysia-based fintech startup operating Touch 'n Go eWallet, has raised $168.3 million in its new funding round led by Lazada Group with participation from Touch 'n Go, its parent company.

- The investment signifies the collaboration between key segment leaders in e-commerce and payment services, the startup claims.
- TNG Digital was founded by Touch 'n Go and Alibaba's Ant Group, the parent company of China-based Alipay.
- The startup last raised $75 million in funding from AIA and Bow Wave Capital Management.
- It has raised over $224 million in the last 18 months.