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

REUTERS/Jason Lee

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.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter