PayMaya owner Voyager Innovation raises $167M from KKR, Tencent and IFC, to release digital bank in the Philippines

by RJ Shara | Jun 28, 2021 | Fundings and Exit, Startups

Voyager Developments, the Manila-based owner of PayMaya, among the Philippines’ most popular payment and monetary services apps, announced today it has raised $167 million in new financing to introduce more financial services, consisting of a digital bank. The raise consists of $121 million in brand-new funding, and $46 million from formerly dedicated funds. Voyager revealed in […] Along with rivals GCash and Coins, PayMaya is one of the most popular monetary “incredibly apps” in the Philippines. PayMaya has more than 250,000 digital-finance gain access to touchpoints, like benefit stores, where users can top-up their accounts. PayMaya and Smart Padala by PayMaya, its remittance service, claim its total signed up users doubled over 18 months to 38 million as of June 2021. …