This website requires JavaScript.
Daily Briefing

Philippine’s Voyager Innovations raises USD 215 Mn from Tencent, IFC, KKR

Nov 26, 2018 by The Passage Team
Philippine’s Voyager Innovations raises USD 215 Mn from Tencent, IFC, KKR

Voyager Innovations, the digital services arm of PLDT, a leading telecommunications and digital services provider in the Philippines, has secured USD 215 million in fresh funding from a host of international investors.

While Tencent and KKR together invested US$175 million into the firm, the remaining USD 40 million came from International Finance Corporation (IFC), and IFC Emerging Asia Fund, a fund managed by IFC Asset Management Company. The financing will be used to expand financial inclusion in the Philippines and promote the digital economy through broader use of digital payments. Upon the close of the round before the end of the year, PLDT’s ownership stake in Voyager will be less than 50%, but will still be the single largest shareholder.

Source: e27

The Passage Team

The Passage is committed to creating in-depth content over technology industry across Asia with a focus on emerging startups in the technology, healthcare, education, food, tech, travel & mobility segments.

Follow The Passage Team