Filipino Paymaya 121M 46M Shutechcrunch

Filipino Paymaya 121M 46M Shutechcrunch, a leading digital financial services provider in the country, has recently announced its successful Series C funding round of $121 million, with participation of 46 investors. This is the largest Series C funding ever announced in the Philippine startup ecosystem. PayMaya Philippines is the first financial technology company in the Philippines to be valued at over $1 billion, making it the first Filipino unicorn.

The series C funding round was led by global venture capital firm, Sequoia India, and included participation from a wide range of investors including, PayPal Ventures, Tencent, YJ Capital, and returning investors such as KKR, PLDT, and IFC.

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Overview of PayMaya Philippines

PayMaya Philippines is a leading digital financial services provider in the Philippines. It is a subsidiary of Voyager Innovations, Inc., a subsidiary of PLDT, Inc. It was founded in 2017 with the aim of connecting millions of Filipinos to the digital economy. It is the only financial technology company in the Philippines to be valued at over $1 billion, and is the first Filipino unicorn. PayMaya Philippines provides digital payment solutions for both consumers and merchants, such as mobile wallets, prepaid cards, and digital payments. It also offers digital banking services, such as online and mobile banking, bill payments, and remittances.

Series C Funding Round

PayMaya Philippines recently announced its successful Series C funding round of $121 million, with participation of 46 investors. The round was led by global venture capital firm, Sequoia India, and included participation from a wide range of investors, such as PayPal Ventures, Tencent, YJ Capital, and returning investors such as KKR, PLDT, and IFC. This is the largest Series C funding ever announced in the Philippine startup ecosystem.

Benefits of Series C Funding

Filipino Paymaya 121M 46M Shutechcrunch to continue its mission of connecting millions of Filipinos to the digital economy. It will also enable the company to expand its digital banking and payment solutions to more customers, as well as to develop new products and services. The funding will also help the company to further strengthen its presence in the local market, as well as to expand into other markets in Southeast Asia.

Impact on Philippine Startup Ecosystem

The successful Series C funding round of PayMaya Philippines marks a significant milestone for the Philippine startup ecosystem. It is the largest Series C funding ever announced in the country, and is a testament to the potential of the Filipino startup ecosystem. The funding round is also a signal to other investors that the Philippines is a viable market for investment, and could encourage more investments in the local startup ecosystem.

Conclusion

PayMaya Philippines is the first financial technology company in the Philippines to be valued at over $1 billion, making it the first Filipino unicorn. The successful Series C funding round of $121 million, with participation of 46 investors, marks a significant milestone for the Philippine startup ecosystem, and is a testament to the potential of the Filipino startup ecosystem. The funding round will enable the company to continue its mission of connecting millions of Filipinos to the digital economy, and could encourage more investments in the local startup ecosystem.