Alibaba-affiliated Bow Wave Capital Management has invested $175m in the financial services provider, a joint venture by Globe Telecom, Ant Group and Ayala.
Mynt, the Philippines-based financial services platform developer formed by telecommunications firm Globe Telecom, conglomerate Ayala Corporation and financial services provider Ant Group, has raised more than $175m, e27 reported on Friday.
The capital came from ASP Philippines, a limited partnership fund managed by Bow Wave Capital Management, an investment firm mandated to back partners and portfolio companies of Ant Group and its parent company, e-commerce firm Alibaba.
Founded in 2015, Mynt provides a range of digital financial services covering digital…
