Announced
Completed
Financials
Tags
Minority
Cross Border
Private
Completed
financial technology
FinTech
Philippines
Acquisition
Friendly
Single Bidder
Private Equity
Synopsis
PLDT, a telecommunications company, KKR, Tencent and IFC Asset Management, an asset manager, completed the $167m investment round in Voyager Innovations, a technology company in the Philippines. IFC Asset Management comes as a new investor in the company. “We have seen a quantum leap for digital payments adoption in the Philippines over the past year, and PayMaya has served as the nexus connecting consumers and enterprises with enriching digital finance experiences. This investment supports the unique value we bring and gives us a natural head start with the target market for the digital banking service," Orlando B. Vea, Voyager CEO and Founder.
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