The Philippines’ Voyager Innovations raises $175m from KKR and Tencent
Wednesday, December 5, 2018
By Khamila Mulia
The Philippines’ Voyager Innovations announced the close of a US$175 million funding round, marking the largest ever investment in a Filipino startup, as the company is looking to bring its fintech services to more parts of the country.
The fresh funding comes from PLDT, the country’s leading telecommunications and digital service provider, joined by global investment firm KKR, and Chinese internet giant Tencent. The signing of agreements between all parties was done last month, and PLDT is listed as the majority shareholder of Voyager Innovations. In total, the company now has raised $215 million in funding since Voyager Innovations also secured $40 million from International Finance Corporation (IFC) and IFC Emerging Asia Fund last week.
A prominent technology company in its home country, Voyager Innovations aims to develop customer-centric emerging market platforms, especially in digital payments, digital finance, and marketing technologies.
Photo courtesy of Kārlis Dambrāns.