MANILA -- U.S. fund KKR, China's Tencent Holdings and other backers of Voyager Innovations have pledged $120 million of fresh capital for the Philippine mobile payment company, which is set to run out of cash by middle of the year.
The new capital will provide a lifeline for Voyager, whose talks with new investors have been hit by delays, and allow it compete with Alibaba-backed Mynt at a time when the coronavirus pandemic is giving a fresh boost to digital financial services.
