SIG Venture Capital led a round also backed by Tencent and PLDT that will help the mobile financial services provider launch additional products for its neobank.
Philippines-based financial technology app developer Voyager Innovations received $210m on Monday in a funding round led by quantitative trading firm Susquehanna International Group’s SIG Venture Capital subsidiary.
Internet technology group Tencent, telecommunications firm PLDT and the World Bank’s International Finance Corporation (IFC) filled out the round with IFC Asset Management’s IFC Emerging Asia Fund and IFC Financial Institutions Growth Fund, KKR, EDBI and First Pacific Company.
Spun off by PLDT in 2013, Voyager operates end-to-end financial services app PayMaya and neobank MayaBank. It will use the capital to launch services on MayaBank such as credit and savings accounts for consumers and micro, small and medium-sized enterprises (MSMEs), and expand PayMaya’s services to include insurance, cryptocurrency and micro-investment.
Tencent and PLDT joined KKR and IFC Financial Institutions Growth Fund in a $167m round for Voyager in June 2021 comprising $121m of new capital and $46m of previously committed funds. Both…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
