Voyager Improvements Secures $210 Million in Funding

by Cryptospacey

The Philippines-based Voyager Improvements grew to become the most recent firm to attain the standing of a unicorn after a major funding spherical. The corporate behind the end-to-end cash platform PayMaya has secured $210 million in new funding.

With a valuation of $1.4 billion, Voyager is without doubt one of the most precious know-how firms within the Philippines. SIG Enterprise Capital, the Asian enterprise capital arm of SIG, led the latest funding spherical. The funding additionally noticed participation from Singapore-based international investor EDBI and funding holding firm First Pacific.

With the funding, the corporate is planning to increase its providers considerably. In accordance with Voyager, the $210 million spherical will improve the choices of PayMaya and Maya Financial institution.

Shailesh Baidwan, Voyager and PayMaya’s President, mentioned: “The sturdy endorsement from our new shareholders and participation of our current traders on this fundraising validates the Firm’s capacity to increase into neo-banking and add new cutting-edge monetary services and products. We’re excited to carry extra game-changing improvements to tens of millions of customers and MSMEs with our built-in ecosystem as we deal with the pent-up demand for monetary providers.”

Regional Development Alternatives

The Philippines is without doubt one of the fastest-growing economies within the Southeast Asia area. In accordance with Voyager, PayMaya noticed important adoption within the nation throughout the previous couple of years. With greater than 47 million registered customers, PayMaya considerably enhanced its choices just lately to fulfill the rising demand of customers.

“The PayMaya workforce is a world-class set of execs who’ve constructed probably the most full and unified fintech ecosystem out there. Leveraging PayMaya’s distribution power with enterprises and customers, Maya Financial institution has the potential to be one of the crucial profitable digital banks not simply within the Philippines, however globally. We’re thrilled to accomplice with Voyager and current shareholders to drive the digital ecosystem to new heights,” Akshay Bajaj, who led the funding for SIG, commented.

The Philippines-based Voyager Improvements grew to become the most recent firm to attain the standing of a unicorn after a major funding spherical. The corporate behind the end-to-end cash platform PayMaya has secured $210 million in new funding.

With a valuation of $1.4 billion, Voyager is without doubt one of the most precious know-how firms within the Philippines. SIG Enterprise Capital, the Asian enterprise capital arm of SIG, led the latest funding spherical. The funding additionally noticed participation from Singapore-based international investor EDBI and funding holding firm First Pacific.

With the funding, the corporate is planning to increase its providers considerably. In accordance with Voyager, the $210 million spherical will improve the choices of PayMaya and Maya Financial institution.

Shailesh Baidwan, Voyager and PayMaya’s President, mentioned: “The sturdy endorsement from our new shareholders and participation of our current traders on this fundraising validates the Firm’s capacity to increase into neo-banking and add new cutting-edge monetary services and products. We’re excited to carry extra game-changing improvements to tens of millions of customers and MSMEs with our built-in ecosystem as we deal with the pent-up demand for monetary providers.”

Regional Development Alternatives

The Philippines is without doubt one of the fastest-growing economies within the Southeast Asia area. In accordance with Voyager, PayMaya noticed important adoption within the nation throughout the previous couple of years. With greater than 47 million registered customers, PayMaya considerably enhanced its choices just lately to fulfill the rising demand of customers.

“The PayMaya workforce is a world-class set of execs who’ve constructed probably the most full and unified fintech ecosystem out there. Leveraging PayMaya’s distribution power with enterprises and customers, Maya Financial institution has the potential to be one of the crucial profitable digital banks not simply within the Philippines, however globally. We’re thrilled to accomplice with Voyager and current shareholders to drive the digital ecosystem to new heights,” Akshay Bajaj, who led the funding for SIG, commented.

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