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Philippine Fintech Mynt Hits $2bn Valuation After Fundraising - Nikkei Asia

by asia.nikkei.com posted 1month ago 5 views
MANILA -- Mynt, the Philippine fintech backed by Jack Ma, on Tuesday said it had raised over $300 million from new and existing investors in its largest-ever fundraising, valuing the company at over $2 billion. New investors U.S. fund Warburg Pincus and venture capital firm Insight Partners led the third funding round for Mynt, which owns the hugely popular GCash mobile wallet. The move underscores the company's position as the Philippines' lone unicorn, defined as a tech startup valued at $1 billion or more.

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