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PayMaya owner Voyager Innovation raises $167M from KKR, Tencent and IFC, to launch digital bank in the Philippines – TechCrunch

PayMaya owner Voyager Innovation raises $167M from KKR, Tencent and IFC, to launch digital bank in the Philippines 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. The latest capital came from existing shareholders PLDT, one of the country’s largest telecoms, KKR and Tencent, and new investors, including IFC Financial Institutions Growth Fund, managed by IFC AMC, a member of the World bank Group (another one of Voyager’s investors).

Voyager raises P8B for PayMaya digital bank

Published June 28, 2021, 1:43 PM Tech firm Voyager Innovations raised US$167 million (P8.15 billion) to establish a digital bank via its financial technology arm, PayMaya Philippines (PayMaya). Existing shareholders PLDT Inc., global investment firm KKR and leading Chinese tech firm Tencent participated in the fund-raising, which consisted of US$121 million fresh investments and US$46 million previously committed funds. Voyager welcomed IFC Financial Institutions Growth Fund, a fund managed by the IFC Asset Management Company (IFC AMC), as a new investor. IFC AMC is a division of the International Finance Corporation (IFC), a member of the World Bank Group, and an existing investor in Voyager.

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