PayMaya owner Voyager Innovations raises $210M at a valuation of $1.4B

04/12 04:22

According to Techcrunch, Voyager Innovations, the owner of Philippines’ payment and financial services app PayMaya and neobank Maya Bank, announced today it has raised $210 million, bringing its valuation to $1.4 billion. The round was led by SIG Venture Capital, and included participation from EDBI and First Pacific Company, as well as returning shareholders PLDT, KKR, Tencent, International Finance Corporation and IFC Emerging Asia Fund and IFC Financial Institutions Growth Fund. The funds will be used to launch Maya Bank services, including savings and credit products, through PayMaya, which has over 47 million registered users and is one of the most popular financial apps in the Philippines, along with GCash and Coins. Voyager also plans to add cryptocurrency, micro-investments and insurance products to PayMaya, which already includes a digital wallet, online remittances, bill payments, bank transfers, prepaid cards and an e-commerce feature called PayMaya Mall.
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