(Bloomberg) — Philippine fintech firm Voyager Innovations Inc. is considering raising $150 million to $200 million to help finance its expansion, according to people with knowledge of the matter.
The digital arm of PLDT Inc., the Southeast Asian nation’s biggest telecommunications company by market value, is in talks with potential advisers about the funding round, the people said, asking not to be identified as the process is private.
Discussions are still ongoing and the fundraising size could change or Voyager could decide against proceeding with the plan, the people said. Representatives for Voyager’s unit said there’s no information to share at the moment.
Backed by private equity firm KKR & Co. and Chinese technology giant Tencent Holdings Ltd., Voyager raised $167 million in June to fund the expansion of its online payment unit PayMaya. The company won a digital bank permit in September.
The fintech firm will need additional funding to meet its growth requirements in 2022 and beyond, BusinessWorld reported in November, citing President Shailesh Baidwan.
More stories like this are available on bloomberg.com
©2022 Bloomberg L.P.
