Philippines: PLDT Vows Financial Inclusion Drive After $175 Million Boost

Date: 
30 Nov 2018

Voyager Innovations, the financial technology arm of Philippines operator PLDT, closed $175 million worth of private investments and revealed it was set to receive a further $40 million from a fresh backer.

The $175 million sum was the result of selling minority stakes to private equity company KKR and WeChat owner Tencent (a deal previously announced in October). Its additional $40 million will come from the International Finance Corporation (IFC) and is expected to be finalized in the coming weeks.

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Type: 
General
Country: 
Philippines