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.
Business deals
KKR and partners pledge $120m lifeline for Philippines' Voyager
Tencent-backed company in talks with new investors as pandemic boosts digital payments
%20%E3%81%AE%E3%82%B3%E3%83%94%E3%83%BC.jpg?width=780&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto)
Voyager's Paymaya mobile payment app competes against Alibaba-backed Mynt in the Philippines. (Photo by Ken Kobayashi)
Read Next
.jpg?width=700&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=394)
Latest on Business deals
