Mynt raises $300 mn from Warburg Pincus and Insight Partners

Philippines’ Mynt has raised $300 million from U.S. private equity firms Warburg Pincus and Insight Partners.
Dollar spending on technologyMynt is the company behind Philippine mobile wallet GCash with 48 million users and projected 3 trillion pesos ($59 billion) in gross transaction value this year.

The company is partly owned by Globe Telecom, Ayala Corp, Bow Wave, and Ant Financial, the financial technology arm of Alibaba.

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