PLDT and Tencent-backed Voyager Innovations has secured an additional $40m in funding from International Finance Corporation to bring its total to $215m.
Voyager Innovations, the fintech subsidiary of Philippines-based telecommunications provider PLDT, raised $40m in an extension yesterday that brought the round’s total to $215m.
The additional money came from International Finance Corporation (IFC), the private sector investment arm of the World Bank, and its IFC Emerging Asia Fund. It follows a commitment for $175m from internet group Tencent and investment firm KKR in October this year.
The round is expected to close by the end of the year and will…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
