TNG Digital has added business financing to TNG eWallet through BizCash, with CIMB joining as its first financing partner.
The in-app platform connects SSM-registered businesses, including sole proprietors, to financing through a fully digital application process within TNG eWallet.
BizCash is aimed at micro and small businesses that may face challenges securing formal financing due to lower turnover, simpler business structures or limited documentation.
Eligible merchants must have at least RM4,200 in monthly revenue and a minimum of one year in operation.
They can apply for financing from RM10,000 to RM150,000 through the app, without branch visits or manual paperwork.
The financing is supported by CIMB’s SME Quick Biz Financing and is intended for working capital needs and business expansion.
TNG Digital designed BizCash for small businesses such as neighbourhood retailers, traders and service providers.
Returning merchants will have selected details auto-filled to make repeat applications easier.
Alan Ni, CEO of TNG Digital, said,
“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.”
Lawrence Loh, Co-CEO, Group Commercial and Transaction Banking at CIMB, said,
“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.”
TNG Digital describes BizCash as an open financing platform, with more banking and financing partners to be added over time.
BizCash is part of GOfinance, TNG eWallet’s financial services hub, which also includes payments, investment and protection services.
Featured image: Edited by Fintech News Malaysia, based on image by musmanofficial00 via Magnific
