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Philippines-based mobile wallet platform GCash gained an investment of over $175 million from private equity company Bow Wave Capital Management (Bow Wave) and shareholders, as part of the financial growth plans of Globe Telecom.
Mynt, the operator of GCash, inches closer to being a unicorn after raising $175 million in fresh capital
Globe fintech unit raises $175M - Mobile World Live 08 JAN 2021 Globe Telecom’s fintech arm Mynt raised more than $175 million from Bow Wave Capital Management and existing shareholders as it prepares to expand its mobile wallet service across the Philippines. Bow Wave Capital Management is a private equity fund focused on online and mobile payment ecosystem companies: the investment is its first in the Philippines and includes a minority equity interest in Mynt. Globe Telecom said the terms of the investment remain confidential. In a statement, Bow Wave Capital Management founder and CIO ...
GCash attracts fresh investment from Bow Wave 01/08/2021 | 08:07am EDT Send by mail : Message : Required fields MANILA, Philippines, Jan. 8, 2021 /PRNewswire/ -- 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 ...
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Globe Fintech Innovations, Inc.'s (Mynt) valuation almost touched $1 billion after securing fresh funding amounting over $175 million from New York-based investment firm Bow Wave Capital Management