Philippines' Voyager raises $167 mln from KKR, Tencent, World Bank unit

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Philippine digital and financial services firm Voyager Innovations has raised $167 million for its expansion programme, including a venture into digital banking, its listed and largest shareholder said on Monday.

Voyager, which serves 38 million Filipinos through its consumer platforms that include e-wallet and digital payments, welcomed a unit of the World Bank's International Finance Corp 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. Only a third of Filipinos have a formal bank account, among the lowest in Asia, giving fintech firms an attractive leeway for growth.Sign up for our newsletter

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