Voyager Innovations raises USD 210 mln

Tuesday 12 April 2022 12:07 CET | News

Philippines-based Voyager International, the fintech that developed the end-to-end money platform PayMaya and neobank Maya Bank, has raised USD 210 million, reaching a total valuation of USD 1.4 billion.

The new round of investment for the recent Asian Unicorn was led by SIG Venture Capital, with the participation of Singapore-based global investor EDBI and First Pacific Company.

The company will use the new funds to launch additional Maya Bank services, including savings and credit, which will be seamlessly offered across PayMaya’s platforms for consumers and companies, directly benefiting SMEs. Moreover, PayMaya’s offer will expand with new products such as cryptocurrencies, micro investments, and insurances for all the company’s clients in the Philippines.

As of March 2022, PayMaya counts for over 47 million registered customers across its platforms, serving around two-thirds of the country’s adult population. However, the Philippines remains an underserved market, with more than 50% of the adult population without a bank account, which could be an important growth opportunity for the company’s Maya Bank.

For more information about PayMaya, check the company's profile available in The Paypers' company database, here.

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Keywords: funding, online payments, digital payments, neobanks, fintech, online platform, payment methods, cryptocurrency, cryptocurrency exchange, e-wallet, digital wallet, Unicorn
Categories: Payments & Commerce
Companies: PayMaya
Countries: Philippines
This article is part of category

Payments & Commerce


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