Hong Kong fintech startup TNG has raised US$115 million in Series A round led by New Margin Capital, a major Chinese private equity fund which has invested over US$1.7 billion in more than 160 companies, with 40 IPO exits.
Participating investors include Taiwan-based venture studio Nogle Group, and Infinity-KBR Group.
The whopping tranche of financing has put TNG at a valuation of US$565 million, according to an official press release.