Mynt (GCash, Philippines)

active

Fintech (Philippines) — Warburg Pincus / Ant Financial

Deal Terms

Entry Year2021

Entry EV$5B

Entry Multiple20x

Leverage1x

Debt Amount$0.5B

Risk Metrics

LTV (est.)10%

Debt / EV0.10x

Notes

Warburg Pincus/Ant Financial invested in Globe Telecom's fintech subsidiary GCash at $2B+ valuation (2021), later valued at $5B. Largest mobile wallet in Philippines (60M+ users). PE bet on digital payments in emerging markets. Regulatory uncertainty and Ant Financial's China crackdown create risks. PE monetizing financial inclusion in developing Asia.

Sponsor

Warburg Pincus$83B AUM