Ride-hailing startup Go-Jek’s expansion into the Philippines ran into problems earlier this month over its ownership structure, but that isn’t deterring the Indonesian company from investing into the market. Today, Go-Jek announced that it has acquired local fintech company Coins.ph through “substantial investment” which gives it a majority stake in the business. The deal is officially […]
View More Go-Jek buys fintech startup Coins.ph for $72M ahead of Philippines expansionCategory: mynt
Philippines fintech business Voyager raises $215M in Tencent-led round
One of the year’s largest fintech investments in Southeast Asia has closed after Philippines-based Voyager announced it raised $215 million. The bulk of the deal comes via a previously announced investment from Tencent which, alongside PE firm KKR, agreed to invest $175 million. Added to that, Voyager has pulled in a further $40 million from International Finance […]
View More Philippines fintech business Voyager raises $215M in Tencent-led round