GCash boosts valuation to $5B with new funding from Ayala, MUFG

Popular e-wallet brand GCash more than doubled its valuation to $5 billion with fresh funding from Ayala Corp. and Japanese bank Mitsubishi UFJ Financial Group (MUFG). On Friday, Globe Telecom Inc. announced the Ayala group’s AC Ventures Holdings Inc. is acquiring an additional 8 percent in GCash parent company Mynt for P22.9 billion, increasing its
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