KKR taps Goldman Sachs to explore partial stake sale in Philippine fintech Maya

KKR enlisted Goldman Sachs to manage the potential partial sale of its stake in Maya, a leading Philippine fintech company.

This decision reflects KKR’s aim to capitalise on Maya’s growth in the rapidly expanding Southeast Asian financial technology market.

Maya, formerly known as PayMaya, is a prominent digital platform offering services such as digital banking, payments, and e-wallet solutions. It has seen significant growth, driven by rising demand for digital financial services across the region. The company caters to both consumers and businesses, positioning itself as a key player in the Philippines’ fintech ecosystem.

While the sale process is in its initial stages, industry experts anticipate strong interest from strategic investors and private equity firms looking to enter or expand in Southeast Asia’s fintech sector. KKR first invested in Maya in 2021, aiming to leverage the region’s increasing adoption of digital financial solutions.

This potential transaction underscores KKR’s strategy of investing in high-growth sectors and monetising successful portfolio companies. Maya’s expansion and robust market position highlight the growing opportunities in Southeast Asia’s fintech landscape.

Source: Reuters

Can’t stop reading? Read more