IPO soon? Philippine fintech Maya is considering a US IPO of $500M to $1B, Bloomberg reported, citing people familiar with the matter. 

• According to the report, Maya is working with advisers for a potential listing that could occur as early as this year. 

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📲 About Maya

Maya, which achieved profitability in 2024, is a licensed digital bank offering digital banking, payment services, consumer and enterprise loans, and cryptocurrency trading.  

• Their investors include KKR, Tencent, and the IFC. 
• Maya is the fintech subsidiary of PLDT, one of the largest telco providers in the Philippines. 

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Run the numbers. According to PLDT, Maya had 5.4M bank customers and disbursed $1.2B (P68B) in loans in 2024.

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🛑 The final word?

Maya declined to confirm the reports.

• For now, the company said it will focus on scaling Maya’s services in the Philippines. 

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🌐 Zoom out

Maya is not the only one in the Philippines eyeing an IPO. Meet GCash, its largest competitor.

The fintech firm, backed by Ant Group and Mitsubishi UFJ Financial Group, is also considering an IPO, though there is no clear timeline yet.

• Did you know? The firm already delayed its IPO plans on the Philippine Stock Exchange last year due to market conditions. 
• The firm is seeking to raise $1B to $1.5B, which would make it the largest IPO in the Philippines.