FinTech: Philippine Fintech Holding Company Voyager Raises $210M

April 12, 2022 | FinTech, News, Venture Capital

Voyager Innovations owns the end-to-end money platform PayMaya and neobank Maya Bank.

Philippine fintech leader Voyager Innovations turned unicorn at a valuation of nearly $1.4 billion after it raised $210 million. The round was led by new investor SIG Venture Capital, the Asian venture capital arm of SIG. Other new investors included Singapore-based global investor EDBI and investment holding company First Pacific Company Ltd. (BusinessWire)

Existing investors including PLDT Inc., the Philippines’ largest integrated telecommunications company; KKR, a global investment firm; Tencent, a leading technology company; International Finance Corporation; and IFC Emerging Asia Fund and IFC Financial Institutions Growth Fund, two funds managed by the IFC Asset Management Company, a division of IFC, also participated.

Voyager owns the end-to-end money platform PayMaya and neobank Maya Bank. It will use the new money to launch Maya Bank services, such as savings and credit, which will be offered across PayMaya’s platforms. It will also expand PayMaya’s offering with new products like cryptocurrency, micro-investments, insurance, and more.

Voyager entered the digital banking space with Maya Bank, securing one of the six digital banking licenses from the BSP in September 2021 and commencing pilot testing in March 2022.

Unified fintech ecosystem

Voyager’s PayMaya is the only fintech serving all segments of consumers and enterprises with a widely used consumer e-wallet app, the leading enterprise payment processing business, and the most extensive on-ground agent network, Smart Padala, with more than 63,000 agent touchpoints.

Akshay Bajaj who led the investment for SIG said: “The PayMaya team is a world-class set of professionals who have built the most complete and unified fintech ecosystem in the market. Leveraging PayMaya’s distribution strength with enterprises and consumers, Maya Bank has the potential to be one of the most successful digital banks not just in the Philippines, but globally.

Related Story: Moove, An African Mobility Platform And Financier, Raises $105M

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Latest Alternative Investment News
Digital Assets: Michael Saylor Unmoved By Crypto Weakness; “We Think It’s The Future Of Money”
May 20, 2022     Digital Assets, News

Michael Saylor, CEO of MicroStrategy (NASDAQ: MSTR), who is permanently bullish on bitcoin, reiterated his positive outlook for the leading crypto in an interview on Thursday. Note that MicroStrategy currently…
Digital Assets: Traditional Markets Could Suffer Contagion From (Un)Stablecoins (SEC Chair Gensler)
May 20, 2022     Digital Assets, News

The crypto world was dealt a body blow by the collapse of the TerraUSD (UST) stablecoin earlier this month. The Terra meltdown is now being referred as crypto’s “Lehman moment.”…
Venture Capital: Big-Ticket Funding Rounds In Fintechs
May 20, 2022     FinTech, News, Venture Capital

Fast-growing, Southeast Asia-focused payments infrastructure platform Xendit closed on a US$300 million Series D funding co-led by Coatue and Insight Partners with additional investment from Accel, Tiger Global, Kleiner Perkins,…
FinTech: Sam Bankman-Fried Led FTX.US Makes Inroads Into Stock Trading
May 20, 2022     Digital Assets, FinTech, Latest News, News

FTX Stocks is an equity trading platform offered through the FTX US trading application. FTX US announced Thursday a private beta phase trading on the platform for US customers selected…