PLDT Inc. announced Monday the closing of the $40-million investment of International Finance Corp., the private arm of World Bank, and IFC Emerging Asia Fund in Voyager Innovations Inc.
The investments completed the US$215-million fund raised for Voyager Innovations that includes $175 million from KKR and Tencent Holdings Inc.
PLDT’s stake in Voyager is now below 50 percent but remains the largest single shareholder.
PLDT said the combined investments represented the largest equity in a Philippine technology company.
Voyager said it would leverage the new capital and the significant expertise of KKR, Tencent, IFC, and IFC Emerging Asia Fund to accelerate digital and financial inclusion in the Philippines and enable the broader Filipino population to participate in the digital economy.
The company’s award-winning technology platforms support digital services such as PayMaya, the most recognized prepaid payment wallet service in the Philippines.