PayMaya Owner Voyager Innovation Raises $167 Million from KKR, Tencent and IFC, to Launch Digital Bank in the Philippines
By Catherine Shu
Voyager Innovations, the Manila-based owner of PayMaya, one of the Philippines’ most popular payment and financial services apps, announced today it has raised $167 million in new funding to launch more financial services, including a digital bank.
The raise includes $121 million in new funding, and $46 million from previously committed funds. Voyager announced in April 2020 that it had secured up to $120 million in investment commitments from PLDT, KKR, Tencent, the International Finance Group (IFC) and the IFC Emerging Asia Fund.
Photo courtesy of Fiona Graham / WorldRemit Comms.
Source: TechCrunch (link opens in a new window)
- Finance, Technology