PH payments app Mynt raises $175m from Bow Wave Capital, nears unicorn status

PH payments app Mynt raises $175m from Bow Wave Capital, nears unicorn status

Manila, Philippines. Photo: David Milmont/unsplash

Mynt, the Philippine payments app backed by Jack Ma’s Ant Financial, has raised $175 million in fresh capital from US investment firm Bow Wave Capital Management and existing shareholders.

The fresh funding gives Mynt, the fintech arm of Globe Telecom and operator of mobile wallet GCash, a post-money valuation of close to $1 billion, Globe said in a statement Friday.

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