GOfinance tops 5m users, processes RM3.57b

GOfinance, a financial services platform by TNG Digital Sdn Bhd, has surpassed the five million user mark as of September 30, with a total investment value of RM3.57 billion processed. The platform, accessible via TNG eWallet, offers a diverse array of investment products, including money market funds, Amanah Saham, unit trusts, retirement solutions, digital gold, and shares in both local and overseas markets.

Users can initiate investments as low as RM10, with options tailored to their financial objectives and risk tolerance. TNG Digital's CFO, Desmond Teoh, emphasized that accessibility extends beyond reducing initial investment thresholds; it also involves providing easy access to a variety of investment options. Teoh stated that trust is paramount in financial decision-making, and GOfinance seeks to provide a practical entry point and expand options as users' financial needs evolve.

Over 4.7 million users have invested in GO+, while more than 700,000 have engaged in trading digital gold via e-Mas. GOfinance operates under an open-platform model, connecting its user base with established, regulated financial institutions and specialist partners. This model has expanded the investment opportunities available through TNG eWallet, including a recent collaboration with Webull which, as of September 30, integrated global share trading into the platform.