Voyager Innovations raises USD 210M to launch Maya Bank, expand PayMaya services

Voyager Innovations, the company behind end-to-end money platform PayMaya and neobank Maya Bank, has announced that it has raised USD 210PHP 12,324INR 17,797EUR 200CNY 1,528 million, raising its valuation to unicorn plus status at nearly USD 1.4PHP 82INR 119EUR 1CNY 10 billion.

Leading the new round of investment is SIG Venture Capital, the Asian venture capital arm of SIG. Other investors include Singapore-based global investor EDBI and investment holding company First Pacific Company Ltd.

Also participating in the round are Voyager’s existing shareholders PLDT Inc.; KKR, a global investment firm; Tencent; International Finance Corporation (“IFC”); and IFC Emerging Asia Fund and IFC Financial Institutions Growth Fund, two funds managed by the IFC Asset Management Company, a division of IFC.

Voyager will use the new funds to launch 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 or MSMEs. 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.