TNG FinTech closes HK's biggest series A round at post-money valuation of $565m


TNG FinTech Group has completed a $115-million series A round with a post-money valuation of $565 million, making a new record as the largest-ever series A round among all startups in Hong Kong.

The round is led by New Margin Capital, a Chinese private equity firm investing over $1.7 billion in more than 160 companies with 40 successful IPO exits, according to the company’s announcement on Monday.

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