Philippine based digital and financial service company Voyager Innovations announced having raised $167 million from its latest financing round which was led by global investment company KKR & Co. Inc. (KKR), Chinese tech giant Tencent Holding Ltd. (HK: 0700) and Shareholders PLDT Inc. (PS: TEL).
The company says it will be using some part of the cash to expand its programs including venturing into digital lending. In this latest financing round the company welcomed World Bank affiliated Group International Finance Corp. (IFC) on board as a new investor.
Currently, Voyage has a client base of 38 million Filipinos on its consumer platforms including digital payments and an e-wallet.
The company says it has submitted application for digital banking license with the Central Bank of Philippine. So far only three companies have been granted a digital banking license in Philippine.