Malaysia’s TNG Digital expands SME financing access with CIMB as its first partner

TNG Digital Sdn. Bhd., the operator of Malaysia’s digital financial services and lifestyle app TNG eWallet, has on Tuesday announced the launch of its first fully digital, in-app business financing platform that connects micro and small businesses to financial institutions, with CIMB Bank Berhad (CIMB) as its first financing partner on the platform. BizCash simplifies funding for SSM-registered businesses through a seamless digital application journey directly within TNG eWallet, TNG said in a statement. It is noted that micro and small businesses play a vital role in Malaysia’s economy, yet many remain underserved due to lower turnover, simpler business structures or limited documentation. TNG said BizCash is designed to help bridge this gap by providing a secure and accessible pathway to formal business financing. “Many of our merchants are sole proprietors who rely on steady cash flow to sustain and grow their businesses, yet remain underserved by traditional financing. Improving access to formal financial tools for these everyday entrepreneurs is a core priority for us, “With BizCash, we are building a platform that connects merchants to financing partners, starting with CIMB, to deliver faster and more accessible funding while supporting their long-term growth,” said Alan Ni, Chief Executive Officer of TNG Digital. Powered by TNG Digital’s digital infrastructure and extensive merchant ecosystem, alongside CIMB’s strong SME lending capabilities and robust risk management, BizCash is underpinned by CIMB’s SME Quick Biz Financing, enabling responsible lending and supports sustainable business growth nationwide. “Our collaboration with TNG Digital on BizCash reflects CIMB’s continued focus on leveraging digital partnerships to expand access to financing for micro and small businesses, in line with our purpose of Advancing Customers and Society, “By powering this solution with our SME lending capabilities, we are able to reach entrepreneurs through a platform they already use in their daily operations, making financing more accessible, convenient and timely,” said Lawrence Loh, Co-Chief Executive Officer, Group Commercial and Transaction Banking, CIMB. Through this partnership, he said they aim to support more businesses in managing their cash flow effectively while enabling them to pursue new opportunities for growth. TNG Digital and KK Mart partner to offer digital salary payments for migrant workers