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Shareholders PLDT (NYSE:PHI) Inc, private equity firm KKR & Co (NYSE:KKR) Inc and Chinese tech giant Tencent Holdings (OTC:TCEHY) Ltd participated in the funding round, PLDT said in a disclosure.
Voyager, which serves 38 million Filipinos through its consumer platforms that include e-wallet and digital payments, welcomed a unit of the World Bank’s International Finance Corp as a new investor.
The fintech firm said it applied for a digital banking license with the Philippine central bank, which has so far granted three firms an approval to operate.
Only a third of Filipinos have a formal bank account, among the lowest in Asia, giving fintech firms an attractive leeway for growth.
