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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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