Philippine fintech firm raises $167 million from KKR, Tencent

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FILE PHOTO: Trading information for KKR & Co is displayed on a screen on the floor of the NYSE in New York
FILE PHOTO: Trading information for KKR & Co is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 23, 2018. REUTERS/Brendan McDermid/File Photo

June 28, 2021

MANILA (Reuters) – Philippine digital and financial services firm Voyager Innovations has raised $167 million for its expansion programme, including a venture into digital banking, its listed and largest shareholder said on Monday.

Shareholders PLDT Inc, private equity firm KKR & Co Inc and Chinese tech giant Tencent Holdings Ltd participated in the funding round, PLDT said in a disclosure. Voyager, which serves millions of Filipinos through its e-wallet, digital payments and remittance units, welcomed a unit of the World Bank’s International Finance Corp as a new investor.

(Reporting by Neil Jerome Morales; Editing by Martin Petty)