Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Fintech»Ayala Corp Sells Stake In Mynt To Mitsubishi For $319 Million
    Fintech

    Ayala Corp Sells Stake In Mynt To Mitsubishi For $319 Million

    October 18, 20242 Mins Read


    What’s going on here?

    Ayala Corp is capitalizing on its fintech venture by selling half of its stake in Mynt to Mitsubishi Corp for a hefty $319 million.

    What does this mean?

    This move results in Mitsubishi Corp securing a major position by purchasing 50% of Ayala’s ownership via AC Ventures. Ayala’s decision signifies a strategic pivot, utilizing Mitsubishi’s know-how to potentially enhance Mynt’s value, as it continues serving over 94 million users. Mynt, which operates GCash and Fuse Lending, was appraised at $5 billion in a recent funding round featuring Mitsubishi UFJ Financial. By reducing its stake from 13%, this transaction shows confidence in Mitsubishi’s capability to elevate Mynt’s offerings within Southeast Asia’s rapidly growing fintech scene.

    Why should I care?

    For markets: A strategic shift in fintech ownership.

    The Philippines is a hub for fintech innovation, with Mynt leading the charge through digital payment solutions like GCash. Ayala’s sale to Mitsubishi signals a strategic repositioning to enhance Mynt’s abilities and market reach. Investors interested in fintech should monitor how this partnership could spur growth in one of Southeast Asia’s fastest-evolving digital economies.

    The bigger picture: Cross-border collaboration unlocks potential.

    Mitsubishi’s stake in Mynt highlights a growing trend of Japanese firms investing in Southeast Asian fintech operations, driven by the region’s swift digital change. This cross-border investment could ignite further technological advancement and economic integration across Asia, possibly encouraging similar partnerships that might reshape the global financial landscape.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    La fintech brésilienne XP poursuit le vendeur à découvert Grizzly Research à New York pour diffamation

    Fintech

    Deux ans après sa levée de fonds, Dougs est en pleine croissance

    Fintech

    Niyogin Fintech enregistre une croissance de 53% de son encours brut de prêts au premier trimestre fiscal

    Fintech

    quand la menace devient une opportunité

    Fintech

    Le portefeuille de prêts bruts de Niyogin FinTech bondit de 52,7 % au premier trimestre

    Fintech

    Le bénéfice de K Cash Fintech devrait augmenter au premier semestre

    Fintech
    Leave A Reply Cancel Reply

    Top Picks
    Cryptocurrency

    Ripple Hit With $125 Million Penalty, Fraction of SEC Claim

    Cryptocurrency

    Bitcoin Whales Unleash Crazy $4.26 Billion Shopping Spree By U.Today

    Precious Metal

    Gold/silver: Precious metals bounce off key levels of support! More Chinese stimulus this weekend?

    Editors Picks

    12 most popular types of cryptocurrency

    March 6, 2025

    Fintech investments in APAC drop 19% to $3.7b in H1

    August 8, 2024

    Le bénéfice net de Zhejiang China Commodities City pour 2024 en hausse de 14,9 % en glissement annuel

    March 26, 2025

    Empower New Energy et Saray Immo sur un nouveau projet solaire au Maroc

    March 4, 2025
    What's Hot

    Russia enacts control measure on Bitcoin mining operations

    October 27, 2024

    Fintech angel fund Rerail hits $20 million funding target

    October 14, 2024

    Trump Says He Will Raise Canada Steel and Aluminum Tariffs to 50% — Commodities Roundup

    March 11, 2025
    Our Picks

    The Navy’s Ohio-Class SSGN Submarines: ‘Cruise Missile Trucks’ Headed for Retirement?

    October 15, 2024

    Eric Hedin: The Miracle(s) of Metal

    August 12, 2024

    Metal Slug Tactics finally arrives on November 5

    October 22, 2024
    Weekly Top

    La fintech brésilienne XP poursuit le vendeur à découvert Grizzly Research à New York pour diffamation

    July 7, 2025

    Biosig Agrees to Get $1.1 Billion in Financing to Support Gold-Backed Digital Currency

    July 7, 2025

    Ares Commercial Real Estate Corp Modifie son Accord Principal de Rachat avec Morgan Stanley

    July 7, 2025
    Editor's Pick

    Hindustan Zinc recognised as India’s largest integrated silver manufacturer  

    April 29, 2025

    Powerlong Real Estate – Perte annuelle attribuable à 5,77 milliards de RMB

    March 31, 2025

    Lualaba : Kamoa Copper accusée d’étouffer la voix des communautés locales par des arrestations massives – Le Congo au quotidien

    May 2, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.