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PayMaya owner Voyager Innovation raises $167M from KKR, Tencent and IFC, to launch digital bank in the Philippines

TechCrunch

Voyager Innovations , the Manila-based owner of PayMaya , one of the Philippines’ most popular payment and financial services apps, announced today it has raised $167 million in new funding to launch more financial services, including a digital bank. Voyager’s total raised since 2018 now stands at $452 million.

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Philippines ‘buy now pay later’ startup BillEase scores $11M Series B

TechCrunch

Buy now pay later (BNPL) startups are proliferating around the world and the Philippines is no exception. Today, one of the country’s biggest BNPL providers, BillEase , announced it has raised an $11 million Series B. It can now be used at more than 500 merchants, including consumer electronics seller Kimstore and Philippine Airlines.

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Komunidad, a Philippines-based environmental intelligence platform, lands seed round

TechCrunch

The Philippines is one of the most disaster-prone countries in the world, with geography that makes it vulnerable to typhoons, floods, volcanos, earthquakes and droughts. An example of Komunidad dashboards, created for a project in Mandaluyong City, the Philippines. Komunidad also enables its customers to build their own alert systems.

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Alloy raises $4M to build out its e-commerce automation service

TechCrunch

The new funds were raised at a $16 million pre-money, $20 million post-money valuation, Alloy told TechCrunch. After starting out with a number of integrations for Twilio, HubSpot and other services, the team, toward the end of their time in Y Combinator, noticed places in the e-commerce world into which their product fit neatly.

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Railsbank, the Banking-as-a-Service, raises $37M in growth funding

TechCrunch

Railsbank , the London-headquartered Banking-as-a-Service platform, has raised $37 million in new growth funding. This will include the launch of “credit cards as a service” in the U.S. and expand its product in APAC, including the Philippines, Indonesia, Malaysia, Australia and Japan.

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Philippine e-commerce enabler Great Deals raises $30M Series B led by logistics firm Fast Group

TechCrunch

Founded in 2014, Great Deals is an e-commerce enabler that helps brands like Abbot, L’Oréal and Unilever build their online retail operations in the Philippines. Philippines payment processing startup PayMongo lands $12 million Series A led by Stripe. Navegar, which led Great Deals’ Series A , also returned for this round.

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South African digital bank TymeBank lands $109M from UK and Philippines investors

TechCrunch

We’ve seen how digital banks like Zolve and Nubank have raised money in recent months to fill this need. and Philippines. The investors for this unnamed round include Apis Growth Fund II, a private equity fund managed by Apis Partners, and Gokongwei-owned JG Summit Holdings, one of the largest conglomerates in the Philippines.