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April 7, 2020updated 27 Jul 2022 4:35pm

PayMaya parent Voyager Innovations secures $120m investment

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

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

“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.

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.”

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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