Financial technology firm Voyager Innovations yesterday said it has raised $210 million in its latest funding round, bringing its valuation to unicorn plus status at nearly $1.4 billion.
Voyager operator of end-to-end money platform PayMaya and neobank Maya Bank, said the fresh funds will be used for the launch of Maya Bank services, such as savings and credit, which will be offered seamlessly across PayMaya’s platforms for consumers and enterprises, including micro, small, and medium-sized enterprises.
The round was led by new investor SIG Venture Capital, the Asian venture capital arm of SIG. Other new investors include Singapore-based global investor EDBI and investment holding company First Pacific Co. Ltd.
Also participating in the round are Voyager’s existing shareholders PLDT Inc.; KKR, a global investment firm; Tencent, a leading technology company; International Finance Corp., (IFC); and IFC Emerging Asia Fund and IFC Financial Institutions Growth Fund, two funds managed by the IFC Asset Management Co., a division of IFC.
Voyager said it will also continue to expand PayMaya’s offering with new products like cryptocurrency, micro-investments, insurance, and more, as the all-in-one money app of the Philippines.
As of end-March 2022, PayMaya had over 47 million registered users across its consumer platforms — more than two-thirds of the adult population in the Philippines.
To date, Voyager has raised total of $712 million including $167 million, $120 million and 215 million in 2021, 2020 and 2018 respectively.
