TNG Fintech's Expansion and Acquisition Plans

TNG Fintech, a Hong Kong-based digital wallet operator founded in 2013, aims to provide financial services to the unbanked population worldwide. With over two billion people lacking bank accounts, TNG addresses this issue by transforming convenience stores and other locations into branchless banking points. Since launching in 2015, TNG has experienced significant growth, with transaction volumes exceeding $100 million and a 50% monthly compounded growth rate. The company aspires to become the largest virtual bank in the Asia Pacific region, offering 24-hour cash services at over 183,000 locations across 13 countries.

What year was TNG Fintech Group founded?

• 2010

• 2013

• 2015

• 2018

What is the primary goal of TNG Fintech Group?

• To invest in real estate

• To become a traditional bank

• To provide financial services to the unbanked

• To offer loans to small businesses

How much did TNG Fintech Group raise in their Series A funding?

• $250 million

• $150 million

• $200 million

• $100 million

What is one of the key strategies of TNG Fintech Group?

• Opening physical bank branches

• Targeting the unbanked population

• Focusing on cryptocurrency

• Providing insurance services

How does TNG Fintech Group facilitate cash transactions?

• Through online banking only

• By offering credit cards

• By transforming retail locations into banking points

• By using traditional bank branches