Voyager Innovations

IFC to invest $40m in Tencent & KKR-backed PH fintech firm Voyager Innovations


IFC’s investment brings Voyager’s total funds raised to $215 million and closely follows the $175-million funding round led by KKR and China’s Tencent Holdings.

Philippines: Robinsons Retail completes $343m acquisition of Rustan Supercenters

The deal, which was first announced in March this year, will give Robinsons Retail 100-per cent stake in Rustans.

Rocket Internet-backed Lamudi snags funding from Ringier, Axel Springer

Lamudi has doubled down on its focus on the Philippines, Indonesia, and Mexico, but eyes at opportunities beyond in the longer term.

Asean Digest: WeWork enters PH; Malaysia’s Securemetric raises $4m

Securemetric, a digital security solutions provider based in Malaysia, has raised $4 million on its debut in the ACE Market of Bursa Malaysia

China Telecom, local tycoon join hands to bid for Philippine telco licence

The third license, which could be awarded by year-end, comes at the behest of Philippine President Rodrigo Duterte and aims to boost the country’s notoriously patchy services and end a domestic duopoly long accused of being uncompetitive.

Fintech startup AND Global raises $2.8m in funding

The latest investment brings the total funding raised by AND Global and its subsidiaries to $15.3 million, including equity investment and debt financing. 

IFC invests $65m in Altus Capital’s special situations fund

The new fund will invest in distressed companies in East Asia’s emerging markets.

Asia Digest: Sea confirms staff movement in Garena PH; NuMoney Indonesia launches $1m incubator fund

Sea said the changes were the result of the company readjusting to a digital economy.

Philippines’ San Miguel further trims F&B unit’s IPO size, eyes $634m

The final size is less than half the original target of 1.02 billion shares for up to P140 per share.

ADB commits $25m to SME-focused PE fund Exacta II

Exacta II is managed by Exacta Capital Partners, an entity in which Japan’s Mizuho Bank has a 39.9-per cent stake.