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Announced

Lazada led a $168m funding round in TNG Digital.

Financials

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Transaction Value£139m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Venture Capital

Private

Minority

Single Bidder

Friendly

Payments / Commerce

payment solutions

eWallet

Malaysia

Acquisition

Cross Border

Synopsis

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Lazada, an international e-commerce company, led a $168m funding round in TNG Digital, Malaysia’s largest eWallet company. “I’m extremely pleased to welcome Lazada to the Touch ‘n Go eWallet family. We feel this collaboration will bring next-level value propositions to users and merchant bases across the Lazada and Touch ‘n Go ecosystem. I look forward to seeing the teams roll out these exciting collaboration opportunities to our users,” Effendy Shahul Hamid, TNG Digital CEO.

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