Technology

Voyager needs $130M to fund expansion

Voyager Innovations Inc. needs least $130 million to bankroll its expansion programs until 2023.

Manuel V. Pangilinan, chairman of Voyager, said the company would embark on a fundraising program to support the company’s capital requirements.

In April last year, Voyager secured $120 million in fresh capital from PLDT Inc., Kohlberg Kravis Roberts & Co. (KKR)., Tencent Holdings Ltd., International Finance Corp. (IFC), and IFC Emerging Asia Fund.

Voyager subsidiary PayMaya Philippines expects to process P1 trillion worth of cashless payment transactions by 2023 as e-wallet account penetration continues to grow faster in the Philippines.

PayMaya is processing over P200 billion worth of transactions annually. It is the only digital financial services company with an integrated suite of solutions for consumers and merchants complemented by the widest remittance partner agent network.

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