Filipino payments firm Voyager Innovations has raised $120m in funding from a group of investors.

The backers are Philippines’ telecom firm PLDT, investment firm KKR, Tencent, World Bank Group member IFC, and the IFC Emerging Asia Fund.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

“This fresh round of investment is a testament to Voyager’s success in providing Filipinos with access to convenient, relevant and inclusive digital financial services through PayMaya,” the investors stated.

The latest infusion builds on a funding of $215m made by KKR, Tencent, IFC as well as the IFC Emerging Asia Fund to Voyager in 2018.

Using the fresh capital, Voyager intends to support its expansion efforts in the Philippines.

Voyager operates the mobile payments platform PayMaya Philippines and offers mobile remittance through Smart Padala partner touchpoints.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The new investment forms part of a broader funding initiative for Voyager.

The firm is also in talks with more backers.

Voyager president Shailesh Baidwan said: “Today, more than ever, our end-to-end digital financial services are becoming more relevant and embedded in the daily lives of Filipinos – from sending money, buying airtime load, or paying for purchases through our PayMaya wallet, bridging the unbanked and underserved via mobile remittance through our over 27,000 Smart Padala partner touchpoints in communities, to enabling payment acceptance for all kinds of merchants.

“This investment will enable us to better support our financial inclusion thrust, while allowing us to expand to adjacent services.”