Voyager gets $40 million investment from IFC, IFC Emerging Asian Fund

ABS-CBN News

Posted at Nov 26 2018 09:38 AM

PLDT unit Voyager's PayMaya is used to pay for a fast food meal in this photo from the financial technology firm's Facebook page.

MANILA -- PLDT Inc said Monday the International Finance Corp and IFC Emerging Asia Fund would invest $40 million (P2 billion) in its financial technology unit, Voyager Innovations.

PLDT said IFC and IFC Emerging Asia Fund would subscribe to $40 million in new shares for a minority stake in Voyager, which includes PayMaya, Lendr and Fintq.

"IFC and IFC Emerging Asia Fund’s investment will enable us to
scale up our efforts especially in the digital financial services space," said Voyager president and CEO Orlando B. Vea.

KKR and Tencent Holdings earlier invested in Voyager, PLDT said in October.