Philippine fintech firm Voyager raises $167m from Tencent, others

The firm has applied for a digital banking license in the country.

Philippine digital and financial services firm Voyager Innovations has raised $167m for its expansion programme, including a digital banking venture, reports Reuters.

Tencent, alongside Philippine telecommunications firm PLDT and private equity firm KKR, participated in the funding round.

Voyager, which has consumer platforms that include e-wallet and digital payments service PayMaya, welcomed a unit of the World Bank Group's International Finance Corp (IFC) 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.

Here’s more from Reuters.