Tuesday
June 29
2021

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)

Categories
Finance, Technology
Tags
digital banking, digital payments, financial inclusion, financial services, mobile applications, technology