DTI secretary Fred Pascual said the Philippines now has two fintech startups that have achieved “unicorn” status – a startup valued at over $1 billion – e-wallet firms Mynt (GCash) and Voyager Innovations (Maya).
Voyager Innovations, the technology company behind e-wallet platform PayMaya and soon-to-be-launched digital bank Maya Bank, said it raised $210 million in new funds, propelling its valuation to unicorn status at nearly $1.4 billion.
The sachet product covers the reconstruction of the sari-sari store in case of a fire accident, as well as provides coverage for the sari-saristore owner for non-fire-related accidents.
With these investments, the total new external funding raised by Voyager Innovations will increase from $175 million, as announced in October 4, 2018, to $215 million. The combined investment continues to make this fund raise the largest investment to date in a Philippine technology company, PLDT said.
Instead of relinquishing its ownership as reported in the news a few weeks ago, local tech titan PLDT announced on Thursday, October 4, that it has finalized its investment agreement with global investment firm KKR and Chinese tech company Tencent.
Voyager Innovations and media tech firm IDOOH Philippines have announced their partnership to utilize each other?s technology services to deploy Voyager content through freenet on IDOOH screens.
