Philippines-based Voyager said to collect $167m to support growth of PayMaya

Philippines-based Voyager has reportedly collected $167m in its funding round for its digital payments platform PayMaya.

The round was supported by existing backers PLDT, KKR and Tencent, according to a report from The Paypers. Other commitments also came from IFC Financial Institutions Growth Fund.

With the capital injection, the company hopes to expand its PayMaya services and continue to help unbanked and underserved individuals and MSMEs.

The PayMaya platform helps people make secure and quick payments. Its mobile app enables users to shop online, book flights, buy games, buy tickets, stream music, pay bills and send remittances. Users can easily add money to the card, make bank transfers and scan codes with their mobile device to make a payment.

PayMaya previously secured $40m in funding from International Finance Corporation back in 2018.

Earlier in the month, fellow Philippines-based FinTech company Uploan secured $15m in debt financing. The company is designed to improve financial inclusion for everyone, helping employees to access salary loans, salary advances, insurance and financial wellness tools.

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