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Philippines Mynt raises USD 175 mln to build on mobile payments surge

Philippines Mynt raises USD 175 mln to build on mobile payments surge
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Philippine mobile wallet Gcash raises $175 million

External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Philippine mobile wallet Gcash raises $175 million 12 January 2021 Source: GCash Globe Fintech Innovations, Inc. ( Mynt ), the Fintech arm of Globe Telecom and operator of the country s preferred mobile wallet in GCash, has attracted fresh capital investment from ASP Philippines LP, a limited partnership fund managed by investment firm Bow Wave Capital Management ( Bow Wave ), to further spur the growth of financial inclusion and the digitization of payments and financial services in the Philippines. Mynt raised over US$175 million in fresh capital from Bow Wave and its existing shareholders in multiple tranches, with post-money valuation of the final tranches at close to US$1 billion.

Philippine mobile wallet GCash raises over $175 million in new capital

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